The United Arab Emirates announced a $5-billion investment package in India during Prime Minister Narendra Modi’s visit to Abu Dhabi, marking another major step in the growing strategic and economic partnership between the two countries. Mr Modi held talks with UAE President Sheikh Mohammed bin Zayed Al Nahyan, with discussions focusing on defence, infrastructure, energy and regional stability.
During the visit, India and the UAE signed a Framework for Strategic Defence Partnership aimed at expanding cooperation in defence production, advanced technology, maritime security and cyber collaboration. Multiple agreements were also signed in the energy sector, including arrangements related to petroleum reserves and gas supplies.
Officials said the UAE investment would support infrastructure and financial sectors in India, strengthening economic ties between the two nations. The visit comes amid regional tensions in West Asia and increasing concerns over global energy markets.
Prime Minister Modi described the UAE as a close partner and reiterated India’s support for peace and stability in the region. Experts believe the agreements signed during the visit will further elevate bilateral cooperation in strategic and commercial sectors.
