The Abu Dhabi Investment Office (ADIO) has signed a strategic agreement with CCB International, an investment services company owned by China Construction Bank Corporation (CCB), in order to boost Chinese investment into the UAE capital.
According to the statement, the agreement will foster stronger collaboration to support Chinese companies expanding into Abu Dhabi and the Middle East and North Africa (MENA) region.
Further, the agreement between ADIO and CCB International will boost further trade by enabling investment and joint venture opportunities between Chinese and Abu Dhabi corporates and by facilitating fund-raising and dual or secondary listings of Chinese companies in the Abu Dhabi Securities Exchange (ADX), and vice versa.
Mr. Badr Al-Olama, Director-General of ADIO, said that, “ADIO’s strategic agreement with CCB International marks a significant milestone in fostering investment between China and Abu Dhabi. This collaboration will unlock new commercial opportunities that will benefit both markets and elevate our economic ties to new heights.”
ADIO and CCB International will focus on supporting companies in key sectors of shared interest, such as industrials, renewable energy, ICT, cloud computing, smart mobility, and eCommerce. As part of the agreement, ADIO will identify, screen, and facilitate opportunities for Chinese companies with the Abu Dhabi IPO Fund (ADIPOF) that meet the eligibility requirements to list on the Abu Dhabi Exchange.
CCB International provides a full range of investment services for companies that are listed or looking to list and throughout the whole IPO process. The company provides a full range of products and services, including sponsorship and listing, financial advisory, mergers and acquisitions and restructuring, additional listing, shares distribution, re-financing for listed companies, direct investment, asset management, securities brokerage, market research, investment consulting, and commodities business.