ADIO and CCB International to boost Chinese investment into Abu Dhabi

ADIO and CCB International to boost Chinese investment into Abu Dhabi

Signed during Abu Dhabi Finance Week 2023

Abu Dhabi, UAE: The Abu Dhabi Investment Office (ADIO) today announced the signing of a strategic agreement with CCB International, an investment services company owned by China Construction Bank Corporation (CCB), to boost Chinese investment into the UAE capital. Signed during Abu Dhabi Finance Week 2023, the agreement will foster stronger collaboration to support Chinese companies expanding into Abu Dhabi and the Middle East and North Africa region.

Economic ties between the UAE and China continue to expand rapidly, with non-oil bilateral trade growing by 18% in 2022 to $72 billion. The agreement between ADIO and CCB International will boost further trade by enabling investment and joint venture opportunities between Chinese and Abu Dhabi corporates and by facilitating fund-raising and dual or secondary listings of Chinese companies in Abu Dhabi Securities Exchange (ADX), and vice versa. 

Badr Al-Olama, Director General of ADIO, said: “ADIO’s strategic agreement with CCB International marks a significant milestone in fostering investment between China and Abu Dhabi. This collaboration will unlock new commercial opportunities that will benefit both markets and elevate our economic ties to new heights.”

ADIO and CCB International will focus on supporting companies in key