The UAE-based investment firm, Abu Dhabi Investment Office (ADIO) in line with its strategic initiatives to increase support for investors around the globe has set up eight operations in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing and Seoul.
The global network of offices established in partnership with the Abu Dhabi Department of Economic Development (ADDED) will help ADIO to widen its reach in key overseas markets where it is targeting to attract innovative businesses to establish and grow in the emirate.
The new offices are expected to function as a link between the key international markets and the exciting opportunities in the economy’s highest potential areas, opening up new areas for cooperation between the regional private sector and its international counterparts.
“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 realize sustainable economic development for the emirate.”
As per the World Bank’s Ease of Doing Business Subnational Report 2020, Abu Dhabi is placed in 12th position globally and it has secured its leadership as an investment destination. The emirate’s favorable business environment, infrastructure and unparalleled support bring significant commercial opportunities for innovative companies.
The global network of offices will focus on facilitating connections between companies in their respective markets and Abu Dhabi and making international investors aware of the benefits of stepping into the emirate market.
The international offices will strengthen the regional capabilities in the global markets and allows ADIO to tailor its offering to meet the needs of investors to ensure seamless support for companies across the world. The international startups and businesses can easily access the full range of support including its investor care services and incentives.
ADIO’s international expansion complements its new $545 million Innovation Programme, which offers 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.
Last year, ADIO announced plans to establish its first international office in Tel Aviv, Israel. It has partnered with Abu Dhabi-based artificial intelligence and cloud computing company Group 42 (G42) on the Tel Aviv location. The co-located office in G42’s recently opened Israel subsidiary will enable closer collaboration between the two Abu Dhabi entities.