Wednesday, October 16, 2024

Investment Office in Abu Dhabi

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Abu Dhabi and Idris Elba Form Strategic Alliance on Food and Water

The Abu Dhabi Investment Office (ADIO) has partnered with renowned actor and humanitarian Idris Elba to leverage the Emirate’s vision for a secure and sustainable food and water future. This partnership will capitalize on Abu Dhabi’s emergence as a global pioneer in food production and water treatment, powered by sustainable technology solutions. The agreement comes after the launch of the Mohamed bin Zayed Water Initiative to confront the urgent challenge of water scarcity around the world.

The newly announced alliance with Elba, through his impact investment company The Akuna Group (TAG), will showcase Abu Dhabi’s leading initiatives in the fields of novel food development, agricultural transformation, and water treatment and technology. Abu Dhabi aims to pioneer the cultivation of onshore high-value microalgae, offshore farming of key fish stocks, and innovative reverse osmosis water treatment.

As an initial undertaking, Elba will engage in global conversations and awareness initiatives to inspire and accelerate the transformation of food and water systems, using Abu Dhabi as a model to drive positive economic and social impact for future generations. These efforts will also include collaborations with global institutions to highlight the worldwide impact of Abu Dhabi’s forward-thinking initiatives.

Abu Dhabi to Host DRIFTx For Smart & Autonomous Mobility

Global MICE Organisation Limited (GMOLx) announced the launch of DRIFTx in Abu Dhabi, an international thought-leadership and exhibition platform dedicated to advancing the future of smart and autonomous mobility across air, land, and sea. Anchored by the Abu Dhabi Investment Office (ADIO), which recently launched Abu Dhabi’s Smart & Autonomous Vehicle Industry (SAVI) cluster, DRIFTx will convene global leaders to shape the future of transportation and sustainable mobility, reinforcing Abu Dhabi’s emergence as a global hub for advanced urban mobility.

Equipped with state-of-the-art facilities, R&D centers, and comprehensive value-added services within a conducive regulatory framework, Abu Dhabi’s SAVI cluster aims to unlock and amplify the global potential of smart and autonomous vehicle technologies. Aligned with these goals, DRIFTx aims to serve as an international platform within this dynamic ecosystem, driving multi-disciplinary dialogue and collaboration between leaders and innovators from across the world, including multinational organizations, governments, academia, regulatory bodies, and the global start-up community, as well as showcasing smart and autonomous mobility solutions across air, land, and sea applications.

With the global smart and autonomous vehicle market projected to grow exponentially, reaching an estimated value of $448.6 billion by 2035, these technologies are at the forefront of advancing urban mobility globally, revolutionizing transportation and how cities are designed and planned. Set to be held in April 2024, DRIFTx will drive multi-disciplinary discussions, foster collaboration, and showcase innovations that propel sustainable aviation, drone technology, smart road and rail systems, eco-conscious maritime solutions, and last-mile delivery solutions.

ADDED Partners with Abu Dhabi’s Business Community

The Abu Dhabi Department of Economic Development (ADDED) has officially launched an ongoing series of meetings, Al Multaqa, to deepen collaborative ties with the private sector, ultimately realizing the ambitious vision of the Falcon Economy within the Emirate. These meetings are targeted specifically at empowering Abu Dhabi’s family offices to achieve further commercial success and drive accelerated economic growth.

ADDED, in collaboration with the Abu Dhabi Investment Office (ADIO), have organized the Al Multaqa meetings as a platform to enable ongoing dialogue with family offices to support investment and the development of new pro-business policies. Participating companies will have access to information on the full range of investment opportunities available in Abu Dhabi to achieve their commercial goals and drive economic growth in the coming years.

The inaugural Al Multaqa meeting in Abu Dhabi was attended by over 70 family office representatives. The event highlighted growth opportunities for Abu Dhabi’s family businesses, including opportunities generated by the Emirate’s public-private partnership (PPP) framework, which is driving infrastructure development while enabling private sector innovation and knowledge transfer. Companies also learned about ADIO’s long-term Musataha agreements, which provide private sector investors with opportunities to develop government-owned land, a key enabler of investment.

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