Solutions+, a Mubadala company, has announced the signing of a Memorandum of Understanding (MoU) between its subsidiary, Abu Dhabi Entertainment Company (ADEC), and PRO Events, a subsidiary of Al Ain Club Investment Company (AACIC).
The MoU outlines the strategic potential for ADEC and PRO Events to collaborate on various initiatives. This comprises events such as conferences, seminars, and exhibitions in Abu Dhabi and Al Ain.
The MoU will provide opportunities for both organizations to explore the planning and execution of e-gaming competitions and other similar events in Abu Dhabi and Al Ain.
Further, the MoU leverages the strengths and resources of both organizations to achieve mutual benefits and contribute to the growth of the sports, e-sports, and leisure sectors in the region.
Mr. Khalid Al Mutawa, Acting Chief Executive Officer of ADEC, and Mr. Rashed Abdulla, General Manager of PRO Events, signed the MoU on behalf of their respective organizations.
Mr. Nasir Al Nabhani, CEO of Solutions+, said that, “Earlier this year, ownership of ADEC was transferred to Solutions+. This allows us to now explore opportunities beyond shared services. With a foothold in the sports, leisure, and entertainment space, we will work to further enhance Abu Dhabi’s growing reputation as a regional sports and entertainment hub.”
“ADEC and PRO Events share a common vision for Abu Dhabi and are committed to working together to achieve this vision. Through this partnership, we hope to create a meaningful impact and make a positive difference in the lives of our customers,” commented Mr. Rashed Abdulla, General Manager of PRO Events.
Related: Investopia strikes new partnership agreement with India’s CII