File - Dubai is back in the business of unveiling megaprojects, three years after a severe financial crisis that crippled its booming property sector in 2009.
$1B fund for
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Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds, is bullish on infrastructure and alternative investments in 2014, it said Tuesday after reporting that its 20-year annualized returns fell last year.In 2014, ADIA plans to expand its infrastructure team while improving its risk management capabilities, it said.The Australian retail and hospitality sector was another area of investment in 2013, as was Chinese real estate, ADIA said; Brazil and Mexico also attracted investment from the fund.The Abu Dhabi fund doubled its exposure limit to Chinese equities from $500 million to $1 billion last year after obtaining approval from the Chinese regulator.
$1B fund for
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