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Company type | Government agency |
---|---|
Industry | Investment |
Founded | 2019 in Abu Dhabi, United Arab Emirates |
Website |
www |
The Abu Dhabi Investment Office (ADIO) is an Emirate-based company focused on investment for investors and companies in the Emirate of Abu Dhabi. It is the central government hub supporting investment in Abu Dhabi, responsible for private sector growth and economic diversification.
ADIO was established by Law No. 1 of 2019 that was issued by the United Arab Emirate President, His Highness Sheikh Khalifa bin Zayed Al Nahyan. [1]
In January 2021, ADIO announced the opening of eight international offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing, and Seoul, in an effort to attract global investors to the Emirate. [2]
ADIO offers personalised support for investing in Abu Dhabi with structured financial and non-financial incentives. [3] ADIO offers licensing, information, and connecting companies to others. ADIO established an Investor Care [4] team to collaborate with investors.
ADIO’s Innovation Programme [5] provides Financial Services, Tourism, AgTech, ICT, and Healthcare & Biopharma, and others. The Innovation Programme includes financial and non-financial incentives worth AED 2 billion ($545 million) to businesses.
ADIO has partnered with 18 companies under the Innovation Programme. Examples include: financial services company, Liquidity Group; [6] enterprise software firm, Eureka; [7] financial services firm, Florin Court Capital; [8] infrastructure advisory and investment firm, Tribe Infrastructure Group; [9] and vertical farming group, AeroFarms. [10]
ADIO has helped to launch partnerships between the public and private sectors on infrastructure projects. [11] ADIO has partnerships with Plug and Play, [12] Okadoc, [13] Amazon Web Services, which launched a cloud infrastructure region in the UAE. [14] Amazon is set to open its fulfilment centre in Abu Dhabi by 2024. [15] ADIO has partnerships with AgTech companies such as Pure Harvest, FreshTohome, Aerofarms and Nanoracks, [16] to increase local AgTech capabilities for food production.
In 2019, a new law regulating public–private partnerships (PPPs; as Law No. 2 [17]) was introduced, appointing ADIO as the central government authority responsible for administering PPPs, to encourage the long-term involvement of the private sector in infrastructure projects in the Emirate.
ADIO plans to procure approximately AED 10 billion ($2.7 billion) worth of infrastructure partnership projects in the immediate term. [18]
A Musataha agreement creates a real property right, entitling the holder to construct a building or to invest in and develop a project on land belonging to a third party for a period of up to 50 years. ADIO issued the Musataha agreement in 2020 to be used in connection with government lands, including the development of land owned by the government.
In July 2021, ADIO announced the procurement of 12 new community market projects in Abu Dhabi and Al Ain via Musataha tenders. [19]
This article has multiple issues. Please help
improve it or discuss these issues on the
talk page. (
Learn how and when to remove these template messages)
|
Company type | Government agency |
---|---|
Industry | Investment |
Founded | 2019 in Abu Dhabi, United Arab Emirates |
Website |
www |
The Abu Dhabi Investment Office (ADIO) is an Emirate-based company focused on investment for investors and companies in the Emirate of Abu Dhabi. It is the central government hub supporting investment in Abu Dhabi, responsible for private sector growth and economic diversification.
ADIO was established by Law No. 1 of 2019 that was issued by the United Arab Emirate President, His Highness Sheikh Khalifa bin Zayed Al Nahyan. [1]
In January 2021, ADIO announced the opening of eight international offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing, and Seoul, in an effort to attract global investors to the Emirate. [2]
ADIO offers personalised support for investing in Abu Dhabi with structured financial and non-financial incentives. [3] ADIO offers licensing, information, and connecting companies to others. ADIO established an Investor Care [4] team to collaborate with investors.
ADIO’s Innovation Programme [5] provides Financial Services, Tourism, AgTech, ICT, and Healthcare & Biopharma, and others. The Innovation Programme includes financial and non-financial incentives worth AED 2 billion ($545 million) to businesses.
ADIO has partnered with 18 companies under the Innovation Programme. Examples include: financial services company, Liquidity Group; [6] enterprise software firm, Eureka; [7] financial services firm, Florin Court Capital; [8] infrastructure advisory and investment firm, Tribe Infrastructure Group; [9] and vertical farming group, AeroFarms. [10]
ADIO has helped to launch partnerships between the public and private sectors on infrastructure projects. [11] ADIO has partnerships with Plug and Play, [12] Okadoc, [13] Amazon Web Services, which launched a cloud infrastructure region in the UAE. [14] Amazon is set to open its fulfilment centre in Abu Dhabi by 2024. [15] ADIO has partnerships with AgTech companies such as Pure Harvest, FreshTohome, Aerofarms and Nanoracks, [16] to increase local AgTech capabilities for food production.
In 2019, a new law regulating public–private partnerships (PPPs; as Law No. 2 [17]) was introduced, appointing ADIO as the central government authority responsible for administering PPPs, to encourage the long-term involvement of the private sector in infrastructure projects in the Emirate.
ADIO plans to procure approximately AED 10 billion ($2.7 billion) worth of infrastructure partnership projects in the immediate term. [18]
A Musataha agreement creates a real property right, entitling the holder to construct a building or to invest in and develop a project on land belonging to a third party for a period of up to 50 years. ADIO issued the Musataha agreement in 2020 to be used in connection with government lands, including the development of land owned by the government.
In July 2021, ADIO announced the procurement of 12 new community market projects in Abu Dhabi and Al Ain via Musataha tenders. [19]