ADIO opens eight offices in global markets

SectorFinancial Markets

UAE - Mubasher: The Abu Dhabi Investment Office (ADIO) has opened eight new offices in Tel Aviv, New York, San Francisco, Frankfurt, London, Paris, Beijing, and Seoul. The establishment of new offices in eight global hubs reflects the ADIO's strategic objective to strengthen its support to investors around the world, according to a press release on Thursday. In collaboration with the Abu Dhabi Department of Economic Development (ADDED), the ADIO expands its network in key overseas markets to attract innovative businesses to establish and grow in Abu Dhabi. This expansion comes in line with the authority's new AED 2 billion ($545 million) Innovation Programme, which provides financial and non-financial incentives to innovative businesses.

The Chairman of ADDED and ADIO, Mohammed Ali Al Shorafa, said: "The representative offices will serve as a bridge between key international markets and the exciting opportunities in some of our economy’s highest potential areas, opening up new areas for cooperation between the domestic private sector and its international counterparts." The Director-General of ADIO, Tariq bin Hendi, commented: "Our global teams will provide a window into Abu Dhabi, with local understanding and capabilities, more...