.jpg)
Highlights
- The partnership comes in line with ADQ’s effort to complement Abu Dhabi’s innovation and environmental framework and solidify its wider ambitions of driving research and development
- Partnership aims to restore degraded marine ecosystems in Abu Dhabi and fosters collaboration to facilitate knowledge exchange and leverage research capabilities as part of ADQ’s overall commitment to sustainability and biodiversity
ADQ, an Abu Dhabi-based investment and holding company, announced a partnership with Archireef, a climate technology company headquartered in Hong Kong, which will fund research and implement eco-engineering solutions for marine biodiversity restoration using the latest technologies in 3D printing, IoT, and AI.
Under the partnership, Archireef will deploy artificial terracotta-based reef tiles to support the restoration of habitats in two marine conservation sites in Abu Dhabi. As a sustainable investor creating value for the benefit of future generations, ADQ engages in projects and initiatives that complement its portfolio while benefiting local communities and the environment. The partnership with Archireef is testament to ADQ’s commitment to supporting biodiversity finance and contributing to the preservation of habitats and species under the umbrella of its wider ESG aspirations.
A renowned pioneer in producing terracotta-based coral reef tiles, Archireef will lead the conservation and restoration project and has established a regional production facility in the industrial zone KIZAD, Abu Dhabi, for production of their proprietary coral reef tiles and research and development into marine conservation solutions.
The emirate of Abu Dhabi is home to 34 different types of hard coral spread in several locations, including Ras Ghanada, Butinah, Alsaadiyat and Alnouf. In 2017 alone, Abu Dhabi lost 73 percent of its reefs due to mass coral bleaching, caused by an increase in water temperature. Although coral reefs cover less than 1 percent of the Earth’s surface, they are home to 25 percent of all marine fish species and support approximately 4000 species of fish and 800 types of coral.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
Direct to your inbox
ADQ News and Insights delivered directly to your inbox
