ADIO in partnerships as part of its Dhs2 billion Innovation Programme

ADIO in partnerships as part of its Dhs2 billion Innovation Programme

ADIO in partnerships as part of its Dhs2 billion Innovation Programme

an hour ago

ADIO will support the companies via its non-financial incentive offering throughout the partnership.

The Abu Dhabi Investment Office (ADIO) announced on Thursday individual partnerships with financial services companies Florin Court Capital (Florin Court) and Tribe Infrastructure Group (Tribe) as part of its Dhs2 billion ($545 million) Innovation Programme. The two partnerships support the growth of the companies’ capabilities and international footprint from Abu Dhabi, while expanding the quantitative asset management, trading and advisory base of the emirate’s financial sector, said an ADIO press release.

ADIO has awarded Florin Court and Tribe competitive financial incentives and will support the companies via its non-financial incentive offering throughout the partnership. The companies will also benefit from Abu Dhabi’s advanced financial services infrastructure, internationally competitive regulatory framework, access to capital and local talent, an extensive research and development (R&D) support network and a time zone that favourably overlaps with key global markets.

Tariq Bin Hendi, Director General of ADIO, said, “The rapid pace of development in Abu Dhabi’s booming financial services sector gives rise to novel opportunities and creates access for existing and new players in the market. The emirate has emerged as a