Saturday, February 27, 2021

Abu Dhabi Investment Office expands into eight cities

The Abu Dhabi Investment Office (ADIO) has established eight new offices in London, Tel Aviv, New York, San Francisco, Frankfurt, Paris, Beijing and Seoul, as part of a series of strategic initiatives it is undertaking to boost support for investors around the world. The global network of offices in collaboration with the Abu Dhabi Department of Economic Development (ADDED) expands ADIO’s reach in key overseas markets to help innovative businesses capitalise on opportunities in the emirate.

H.E. Mohammed Ali Al Shorafa, Chairman of ADDED and ADIO, said: “Abu Dhabi is keen to continue building distinctive strategic economic relations with our international partners by promoting joint investment opportunities and supporting global innovators and companies, with the aim of pursuing technological advancements to realise sustainable economic development for the emirate. In this context, ADIO’s opening of eight regional offices around the world reflects Abu Dhabi’s commitment to launch greater investment opportunities in collaboration with the emirate’s key international partners. The representative offices will serve as a bridge between key international markets and the exciting opportunities in some of our economy’s highest potential areas, opening up new areas for cooperation between the domestic private sector and its international counterparts.”

Abu Dhabi is ranked 12th globally in the World Bank’s Ease of Doing Business Subnational Report 2020 and has cemented its position as a leading investment destination. Its enabling business environment, established infrastructure and unparalleled support help to drive significant commercial opportunities for innovative companies. ADIO’s international offices network will focus on facilitating connections between companies in their respective markets and Abu Dhabi, introducing international investors to the advantages of expanding to the emirate.

To enable seamless support for companies across the world, the international offices will leverage local capabilities in international markets, allowing ADIO to tailor its offering to meet the needs of investors globally. International startups and businesses will find it easier than ever to access the full range of support that ADIO provides, including its investor care services and incentives. ADIO’s international expansion complements its new AED 2 billion (USD 545 million) Innovation Programme, which provides financial and non-financial incentives to innovation-driven businesses in high-growth areas, by facilitating a targeted approach to support investors from around the world.

H.E. Dr. Tariq Bin Hendi, Director General of ADIO, said: “Abu Dhabi offers global investors an attractive business environment, world-class infrastructure and major growth opportunities. Our network of international offices will serve as a gateway to greater opportunity, enabling us to reach companies of all sizes wherever they are operating. Our global teams will provide a window into Abu Dhabi, with local understanding and capabilities, to ensure investors have the holistic support needed for their growth and expansion.”

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