International Holding Company
Coverage of International Holding Company in the Nexus archive.
- Indian, UAE groups ink pact for $11.5bn aluminium project in Odisha
India’s Adani Group and UAE’s International Holding Company (IHC) have signed a $11.5 billion aluminum project in Odisha, forming a 50/50 joint venture to create a refinery, smelter, and power plant. The project aims to generate 53,500 jobs and boost India’s aluminum production to meet domestic demand.
- UAE's IHC and Adani ink $11.5B aluminum deal
Abu Dhabi’s International Holding Company and India’s Adani Group agreed to invest $11.5 billion to build an aluminum complex in Odisha, India, strengthening UAE-India commercial and diplomatic ties. The deal follows a 2022 free trade agreement and a recent defense pact between the two countries.
- Phoenix Group makes AI data center pivot into Europe
Phoenix Group, an Abu Dhabi-based Bitcoin miner, is developing an 18MW AI data center in Lyon, France as part of a strategic pivot to small-scale AI infrastructure. The company aims to build over 1 gigawatt of capacity across Europe and the Gulf for approximately $8 billion, with construction expected to begin in July.