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Company type | Government agency |
---|---|
Industry | Investment |
Founded | 2019 in Abu Dhabi, United Arab Emirates |
Website | www |
The Abu Dhabi Investment Office (ADIO) serves as the central governmental entity supporting investments in the Emirate of Abu Dhabi. It aims to foster private sector growth and economic diversification through various initiatives and programs.
ADIO was established in 2019 under Law No. 1 issued by the President of the United Arab Emirates, Khalifa bin Zayed Al Nahyan.[1]
In January 2021, ADIO expanded its operations globally by opening eight international offices in cities such as Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing, and Seoul to attract international investors.[2]
ADIO provides personalised support for investments in Abu Dhabi, including structured financial and non-financial incentives.[3] The office assists with licensing, information provision, and connecting companies to various resources all around the globe. Also, the office has built an investor care team[4] who are tasked to collaborate with investors.
ADIO’s Innovation Programme offers incentives worth AED 2 billion ($545 million) across several sectors, including financial services, tourism, AgTech, ICT, healthcare, and biopharma. The program has partnered with 18 companies, such as Liquidity Group;[5] enterprise software firm, Eureka;[6] financial services firm, Florin Court Capital;[7] infrastructure advisory and investment firm, Tribe Infrastructure Group;[8] and vertical farming group known as AeroFarms.[9]
ADIO works in collaboration with both the public and private sectors on various national projects such as infrastructure, food security and others.[10] It has established partnerships with organisations such as Plug and Play,[11] Okadoc,[11] and Amazon Web Services,[12] specifically for launching a cloud infrastructure region in the UAE. To enhance local food production capabilities, ADIO is in affiliation with AgTech companies like Pure Harvest and FreshToHome.
Under Law No. 2 of 2019, ADIO is stated to be responsible for administration of public-private partnerships (PPPs)—to encourage the involvement of the private sector in infrastructure projects. ADIO plans to procure approximately AED 10 billion ($2.7 billion) worth of PPP projects in the nearest term.[13] This includes the project to develop world-class student accommodation facilities in Abu Dhabi. [13]
A Musataha agreement allows for the development of projects in the government land for up to 50 years. In July 2021, ADIO announced the procurement of 12 new community market projects in Abu Dhabi and Al Ain through Musataha tenders.[14]