Abu Dhabi Investment Office Establishes 8 Global Hubsby Fintechnews Middle East 19. January 2021
The Abu Dhabi Investment Office (ADIO) has established eight new offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing and Seoul.
The global network of offices, in collaboration with the Abu Dhabi Department of Economic Development (ADDED), expands ADIO’s reach in key overseas markets where it is looking to attract innovative businesses to establish and grow in the Emirates.
International startups and businesses will have access to 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 businesses by facilitating a targeted approach to support investors from around the world.
Organised and established under the Abu Dhabi government’s Ghadan 21 accelerator programme, the new Innovation Programme has been created with the intention to create thousands of high-skilled jobs, catalyse innovation and impactful solutions in core sectors of Abu Dhabi’s ecosystem, as well as to increase opportunities for investors in the Emirates.
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.”
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.”
Featured image credit: Pexels