UAE Plans $13.5 Billion Investment in Brazil Biofuels ...Middle East

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UAE Plans $13.5 Billion Investment in Brazil Biofuels
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The Abu Dhabi sovereign wealth fund’s investment arm, Mubadala Capital, plans to make a substantial investment in biofuels in Brazil, the Financial Times has reported, quoting the head of Mubadala’s Brazilian operations. The $13.5-billion investment in biofuels is part of a broader investment plan for Brazil that may also include setting up a new stock exchange in the country, Oscar Fahlgren told the FT. “It’s all about feedstock [which] in reality is agriculture. And Brazil is probably the best-placed country on the…

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