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Large, high-profile investment expands UAE exposure to the metals sector, potentially lifting IHC and related UAE equities; strengthens long-term supply-chain positioning with India, a key UAE trading partner.
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Abu Dhabi's IHC plans a $11.5 billion investment in an integrated aluminium project in Odisha, India, in a joint venture with the Adani Group. A state official describes it as India's largest foreign investment in mining and metallurgy. The move signals deeper UAE-India metals cooperation and could bolster UAE exposure to long-cycle aluminum supply chains and downstream trade.
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