Abu Dhabi Investment Office

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Abu Dhabi Investment Office
Company typeGovernment agency
IndustryInvestment
Founded2019 in Abu Dhabi, United Arab Emirates
Websitewww.investinabudhabi.gov.ae

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.

History

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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]

Services

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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.

Programs

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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]

Partnerships

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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.

Public–private partnership projects

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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]

Musataha projects

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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]

Senior management

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  • H.E. Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED)

References

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  1. ^ Hussein, Hazem. "President issues two laws to formally establish Abu Dhabi Investment Office". Emirates News Agency.
  2. ^ "ADIO opens offices in eight global hubs to help investors unlock opportunities in Abu Dhabi". investinabudhabi.gov.ae. Retrieved 2021-12-19.
  3. ^ "About Abu Dhabi Investment Office". Abu Dhabi Investment Office.
  4. ^ "Investor care". investinabudhabi.gov.ae. Retrieved 2021-12-19.
  5. ^ "Israel's Liquidity Group to establish R&D center in Abu Dhabi". ctech. 2022-11-15. Retrieved 2023-09-22.
  6. ^ "ADIO's Innovation Programme deepens specialist skillsets in Abu Dhabi's financial services, ICT sectors". wam. Archived from the original on 2021-12-19. Retrieved 2021-12-19.
  7. ^ "Hedge fund manager Florian Court partners with Abu Dhabi Investment Office". www.hedgeweek.com. 2021-08-05. Retrieved 2021-12-19.
  8. ^ "Abu Dhabi Investment Office adds two specialist finance firms to its Dh2b Innovation Programme". gulfnews.com. 5 August 2021. Retrieved 2021-12-19.
  9. ^ "World's biggest vertical farming R&D centre breaks ground in Abu Dhabi". The National. 2021-06-29. Retrieved 2021-12-19.
  10. ^ "ADIO formalises Abu Dhabi's public-private partnership procurement framework to guide investors". wam. Retrieved 2021-12-19.
  11. ^ a b "Adio and Plug and Play reveal list of founding partners for innovation platform". The National. 2021-12-18. Retrieved 2021-12-19.
  12. ^ Bhat, Divsha (2021-10-12). "Abu Dhabi Investment Office, AWS launch cloud training programme". Gulf Business. Retrieved 2021-12-19.
  13. ^ a b "Multinational consortium to Build Khalifa University student accommodation facilities". zawya. 2024-07-24. Retrieved 2024-09-09.
  14. ^ "Abu Dhabi accelerates development of 12 community markets using Musataha tenders". www.mediaoffice.abudhabi. Retrieved 2021-12-19.
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