Hyderabad: A Memorandum of Understanding has been signed between the State of Telangana and Bin Zayed International LLC, a Dubai based company in Dubai on Tuesday.
Arvind Kumar, Principal Secretary Investment Promotion, Government of Telangana and Midhat Kidwai, Bin Zayed International LLC, UAE, Bin Zayed Group company, Group Managing Director signed the MoU.
According to the MoU signed today, the Bin Zayed group will bring in investments worth $2 Billion into various infrastructure projects in the state of Telangana.
Animation and Gaming Tower, Road Development Corporation, Musi Riverfront Development Project, Watergrid and fibergrid, and development of new industrial parks are some of the infrastructure projects in which the company has expressed interest to invest.
Principal Secretary Arvind Kumar has invited the Bin Zayed Group management team to send a highlevel team to Telangana to take this agreement forward.
The Bin Zayed Group of Companies is a leading business conglomerate with diverse business interests in the local and international markets. The company was established in 1988 by Sheikh Khaled Bin Zayed Al Nehayan as its Chairman. (INN)