Abu Dhabi Investment Office has established eight offices around the world to expand its reach in key markets with the aim of attracting businesses to the emirate.
ADIO is the central government hub supporting investment in Abu Dhabi. It works to grow and diversify the emirate's economy through the private sector and supports investors and businesses in the region.
The eight new offices are in Beijing, Frankfurt, London, New York, Paris, San Francisco, Seoul and Tel Aviv. The network of international offices will be used to facilitate connections between companies in their home markets and Abu Dhabi, with the aim of introducing international investors to the emirate.
"Abu Dhabi is keen to continue building distinctive strategic economic relations with our international partners by promoting joint investment opportunities and supporting global innovators and companies, with the aim of pursuing technological advancements to realize sustainable economic development for the emirate," His Excellency Mohammed Ali Al Shorafa, chairman of the Abu Dhabi Department of Economic Development and ADIO, said in the release.
"In this context, ADIO's opening of eight regional offices around the world reflects Abu Dhabi's commitment to launch greater investment opportunities in collaboration with the emirate's key international partners," he 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."
Plans to establish its first international office in Tel Aviv were announced in September. ADIO partners with Abu Dhabi-based AI and cloud computing company Group 42 on the location.