DCT – Abu Dhabi launches $100mln Culinary Investment Fund to bring iconic restaurants to UAE capital

  • Date: 19-Apr-2023
  • Source: Zawya
  • Sector:Retail
  • Country:UAE
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DCT – Abu Dhabi launches $100mln Culinary Investment Fund to bring iconic restaurants to UAE capital

Abu Dhabi: The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced a new $100 million Culinary Investment Fund that will help introduce iconic brands to the UAE capital. In addition, the fund will support building and establishing a Culinary School to aid with recruitment, training, and other staffing resources in the sector. The school will offer an established core curriculum and introduce two new degree programmes that focus on maritime sustainability and food security.

The newly launched, Abu Dhabi Culinary Investment Fund (ADCIF), is an incentive for world-class culinary brands to enter the emirate and will further elevate the culinary scene by co-investing with local asset partners and incentivising top chefs, top restaurants, and culinary educational institutions, to enter the market and make Abu Dhabi their new home.

H.E. Saleh Mohamed Al Geziry, Director General for Tourism, DCT Abu Dhabi said: “The Abu Dhabi Culinary Investment Fund is part of our ongoing commitment to elevate the culinary scene across the emirate and create new dining experiences. There is no better time or place to bring best-in-class chefs, restaurants, and hotel brands to the capital. This fund, in combination with the Culinary School will ensure that Abu Dhabi