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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.
History
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
ADIO provides personalized 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. Additionally, ADIO has an Investor Care team [4] to collaborate with investors.ADIO offers licensing, information, and connecting companies to others.
Programs
ADIO’s Innovation Programme offers incentives worth AED 2 billion ($545 million) across several sectors, including Financial Services, Tourism, AgTech, ICT, and Healthcare & 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, AeroFarms. [9]
Partnerships
ADIO collaborates with both the public and private sectors on infrastructure projects. [10] It has established partnerships with organizations like Plug and Play [11], Okadoc [11], and Amazon Web Services [12] , which is launching a cloud infrastructure region in the UAE. Additionally, ADIO is working with AgTech companies like Pure Harvest and FreshTohome to enhance local food production capabilities.
Public–private partnership projects
Under Law No. 2 of 2019, ADIO is responsible for administering public-private partnerships (PPPs) to encourage private sector involvement in infrastructure projects. ADIO plans to procure approximately AED 10 billion ($2.7 billion) worth of PPP projects in the near term. [13]
Musataha projects
A Musataha agreement allows for the development of projects on 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
- H.E. Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED)
References
- ^ Hussein, Hazem. "President issues two laws to formally establish Abu Dhabi Investment Office". Emirates News Agency.
- ^ "ADIO opens offices in eight global hubs to help investors unlock opportunities in Abu Dhabi". investinabudhabi.gov.ae. Retrieved 2021-12-19.
- ^ "About Abu Dhabi Investment Office". Abu Dhabi Investment Office.
- ^ "Investor care". investinabudhabi.gov.ae. Retrieved 2021-12-19.
- ^ "Israel's Liquidity Group to establish R&D center in Abu Dhabi". ctech. 2022-11-15. Retrieved 2023-09-22.
- ^ "ADIO's Innovation Programme deepens specialist skillsets in Abu Dhabi's financial services, ICT sectors". wam. Retrieved 2021-12-19.
- ^ "Hedge fund manager Florian Court partners with Abu Dhabi Investment Office". www.hedgeweek.com. 2021-08-05. Retrieved 2021-12-19.
- ^ "Abu Dhabi Investment Office adds two specialist finance firms to its Dh2b Innovation Programme". gulfnews.com. 5 August 2021. Retrieved 2021-12-19.
- ^ "World's biggest vertical farming R&D centre breaks ground in Abu Dhabi". The National. 2021-06-29. Retrieved 2021-12-19.
- ^ "ADIO formalises Abu Dhabi's public-private partnership procurement framework to guide investors". wam. Retrieved 2021-12-19.
- ^ a b "Adio and Plug and Play reveal list of founding partners for innovation platform". The National. 2021-12-18. Retrieved 2021-12-19.
- ^ Bhat, Divsha (2021-10-12). "Abu Dhabi Investment Office, AWS launch cloud training programme". Gulf Business. Retrieved 2021-12-19.
- ^ "Abu Dhabi issues two PPP tenders to private sector". wam. Retrieved 2021-12-19.
- ^ "Abu Dhabi accelerates development of 12 community markets using Musataha tenders". www.mediaoffice.abudhabi. Retrieved 2021-12-19.