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Offices will function a bridge between key worldwide markets and alternatives in UAE.
The Abu Dhabi Investment Office (ADIO) has established eight world hubs to assist buyers unlock alternatives in Abu Dhabi.
The new workplaces are established in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing and Seoul, as a part of a collection of strategic initiatives it’s endeavor to spice up assist for buyers around the globe.
The world community of workplaces in collaboration with the Abu Dhabi Department of Economic Development (ADDED) expands ADIO’s attain in key abroad markets the place it’s seeking to appeal to progressive companies to ascertain and develop within the emirate.
“Abu Dhabi is eager to proceed constructing distinctive strategic financial relations with our worldwide companions by selling joint funding alternatives and supporting world innovators and firms, with the purpose of pursuing technological developments to grasp sustainable financial growth for the emirate. In this context, ADIO’s opening of eight regional workplaces around the globe displays Abu Dhabi’s dedication to launch higher funding alternatives in collaboration with the emirate’s key worldwide companions,” .Mohammed Ali Al Shorafa, Chairman of ADDED and ADIO, mentioned.
He mentioned the consultant workplaces will function a bridge between key worldwide markets and the thrilling alternatives in a few of “our economy’s highest potential areas, opening up new areas” for cooperation between the home personal sector and its worldwide counterparts.
Abu Dhabi is ranked twelfth globally within the World Bank’s Ease of Doing Business Subnational Report 2020 and has cemented its place as a number one funding vacation spot. Its enabling enterprise atmosphere, established infrastructure and unparalleled assist assist to drive important business alternatives for progressive firms. ADIO’s worldwide workplaces community will give attention to facilitating connections between firms of their respective markets and Abu Dhabi, introducing worldwide buyers to the benefits of increasing to the emirate.
To allow seamless assist for firms the world over, the worldwide workplaces will leverage native capabilities in worldwide markets, permitting ADIO to tailor its providing to fulfill the wants of buyers globally. International startups and companies will discover it simpler than ever to entry the complete vary of assist that ADIO gives, together with its investor care providers and incentives.
ADIO’s worldwide growth enhances its new Dh2 billion ($545 million) Innovation Programme, which gives monetary and non-financial incentives to innovation-driven companies in high-growth areas, by facilitating a focused method to assist buyers from around the globe.
Dr. Tariq Bin Hendi, director-general of ADIO, mentioned Abu Dhabi presents world buyers a sexy enterprise atmosphere, world-class infrastructure and main development alternatives.
“Our community of worldwide workplaces will function a gateway to higher alternative, enabling us to succeed in firms of all sizes wherever they’re working. Our world groups will present a window into Abu Dhabi, with native understanding and capabilities, to make sure buyers have the holistic assist wanted for his or her development and growth,” he mentioned.
In September 2020, ADIO introduced plans to ascertain its first worldwide workplace in Tel Aviv, Israel. It has partnered with Abu Dhabi-based synthetic intelligence and cloud computing firm Group 42 (G42) on the Tel Aviv location. The co-located workplace in G42’s just lately opened Israel subsidiary will allow nearer collaboration between the 2 Abu Dhabi entities and speed up alternatives for technology-focused Israeli firms in search of to increase to the emirate.
— muzaffarrizvi@khaleejtimes.com
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