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) is an Emirate-based company focused on investment for investors and companies in the Emirate of Abu Dhabi. It is the central government hub supporting investment in Abu Dhabi, responsible for private sector growth and economic diversification.

History[edit]

ADIO was established by Law No. 1 of 2019 that was issued by the United Arab Emirate President, His Highness Sheikh Khalifa bin Zayed Al Nahyan.[1]

In January 2021, ADIO announced the opening of eight international offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing, and Seoul, in an effort to attract global investors to the Emirate.[2]

Services[edit]

ADIO offers personalised support for investing in Abu Dhabi with structured financial and non-financial incentives.[3] ADIO offers licensing, information, and connecting companies to others. ADIO established an Investor Care[4] team to collaborate with investors.

Programme[edit]

ADIO’s Innovation Programme[5] provides Financial Services, Tourism, AgTech, ICT, and Healthcare & Biopharma, and others. The Innovation Programme includes financial and non-financial incentives worth AED 2 billion ($545 million) to businesses.

ADIO has partnered with 18 companies under the Innovation Programme. Examples include: financial services company, Liquidity Group;[6] enterprise software firm, Eureka;[7] financial services firm, Florin Court Capital;[8] infrastructure advisory and investment firm, Tribe Infrastructure Group;[9] and vertical farming group, AeroFarms.[10]

Partnerships[edit]

ADIO has helped to launch partnerships between the public and private sectors on infrastructure projects.[11] ADIO has partnerships with Plug and Play,[12] Okadoc,[13] Amazon Web Services, which launched a cloud infrastructure region in the UAE.[14] Amazon is set to open its fulfilment centre in Abu Dhabi by 2024.[15] ADIO has partnerships with AgTech companies such as Pure Harvest, FreshTohome, Aerofarms and Nanoracks,[16] to increase local AgTech capabilities for food production.

Public–private partnership projects[edit]

In 2019, a new law regulating public–private partnerships (PPPs; as Law No. 2[17]) was introduced, appointing ADIO as the central government authority responsible for administering PPPs, to encourage the long-term involvement of the private sector in infrastructure projects in the Emirate.

ADIO plans to procure approximately AED 10 billion ($2.7 billion) worth of infrastructure partnership projects in the immediate term.[18]

Musataha projects[edit]

A Musataha agreement creates a real property right, entitling the holder to construct a building or to invest in and develop a project on land belonging to a third party for a period of up to 50 years. ADIO issued the Musataha agreement in 2020 to be used in connection with government lands, including the development of land owned by the government.

In July 2021, ADIO announced the procurement of 12 new community market projects in Abu Dhabi and Al Ain via Musataha tenders.[19]

Senior management[edit]

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

References[edit]

  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. ^ "Innovation programme". www.investinabudhabi.ae. Retrieved 2021-12-19.
  6. ^ "Israel's Liquidity Group to establish R&D center in Abu Dhabi". ctech. 2022-11-15. Retrieved 2023-09-22.
  7. ^ "ADIO's Innovation Programme deepens specialist skillsets in Abu Dhabi's financial services, ICT sectors". wam. Retrieved 2021-12-19.
  8. ^ "Hedge fund manager Florian Court partners with Abu Dhabi Investment Office". www.hedgeweek.com. 2021-08-05. Retrieved 2021-12-19.
  9. ^ "Abu Dhabi Investment Office adds two specialist finance firms to its Dh2b Innovation Programme". gulfnews.com. Retrieved 2021-12-19.
  10. ^ "World's biggest vertical farming R&D centre breaks ground in Abu Dhabi". The National. 2021-06-29. Retrieved 2021-12-19.
  11. ^ "ADIO formalises Abu Dhabi's public-private partnership procurement framework to guide investors". wam. Retrieved 2021-12-19.
  12. ^ "Adio and Plug and Play reveal list of founding partners for innovation platform". The National. 2021-12-18. Retrieved 2021-12-19.
  13. ^ Staff, Entrepreneur Middle East (23 January 2020). "Abu Dhabi Investment Office Invests US$16 Million In UAE-Based Startups Securrency, TruKKer, Sarwa, YACOB, and Okadoc". Entrepreneur. Retrieved 2021-12-19.
  14. ^ Bhat, Divsha (2021-10-12). "Abu Dhabi Investment Office, AWS launch cloud training programme". Gulf Business. Retrieved 2021-12-19.
  15. ^ "Amazon picks Abu Dhabi for most cutting-edge fulfilment centre in the Middle East". The National. 2021-11-28. Retrieved 2021-12-19.
  16. ^ "How the UAE is innovating to feed its population". gulfnews.com. Retrieved 2021-12-19.
  17. ^ "Public Private Partnership (PPP) - The Official Portal of the UAE Government". u.ae. Retrieved 2021-12-19.
  18. ^ "Abu Dhabi issues two PPP tenders to private sector". wam. Retrieved 2021-12-19.
  19. ^ "Abu Dhabi accelerates development of 12 community markets using Musataha tenders". www.mediaoffice.abudhabi. Retrieved 2021-12-19.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Abu_Dhabi_Investment_Office&oldid=1220067023"