São Paulo – A partnership between Abu Dhabi Investment Group (ADIG) and Brasilinvest, the Brasilinvest-ADIG Fund is set to invest USD 10 billion in infrastructure projects focused on Brazilian agribusiness. In a statement, the Brasilinvest-ADIG Fund mentioned that the amount allocated to agribusiness is a portion of the total available for infrastructure projects in various sectors in Brazil.
To ANBA, the press office of the Brasilinvest-ADIG Fund, which was officially launched on Saturday (15) in São Paulo, said the funds will be allocated to rural roads, railway branches for agricultural production transportation, installation of clean energy generation systems, silos and storage, among other projects. ADIG is a partner of Brasilinvest in the business. The fund is managed by the American company GF Capital Investment Funds & Participations.
ADIG was founded in 1958 in Abu Dhabi, United Arab Emirates, and operates in sectors such as banking, insurance, finance, and investments. Brasilinvest is an investment bank established in 1975. The chairman of the Brasilinvest-ADIG Fund is entrepreneur Mario Garnero, and its vice chairman is Luciano Coutinho, former president of Brazil’s state development bank BNDES.
In November of last year, Brazil’s President Luiz Inácio Lula da Silva received the CEO of ADIG, Zayed bin Aweidha, accompanied by Garnero, at the Palácio do Planalto in Brasília. On that occasion, investments from the UAE in Brazil were discussed, focusing on industry, mobility, pasture recovery, and urban development.
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Translated by Guilherme Miranda
