Indonesia-UAE to Establish Sovereign Wealth Fund

Indonesia-UAE to Establish Sovereign Wealth Fund

Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the development of the new capital city of Indonesia in East Kalimantan. The SWF scheme is still under...
GMR and AirAsia to Bid for Thai Airport

GMR and AirAsia to Bid for Thai Airport

GMR Infra, an Indian Infrastructure company, has tied up with low-fare carrier Thai AirAsia in an effort to bid for the USD 2 billion expansion project of the U-Tapao airport in Thailand. For the U-Tapao airport bid, the consortium also includes Property Perfect Plc...