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Highlights
- On the sidelines of the President’s visit, H.H. Sheikh Mohamed Bin Zayed Al Nahyan, ADQ and OIA, discussed areas of joint investment collaboration
- ADQ and OIA recently entered into an AED 10 billion partnership to facilitate investments in the Sultanate of Oman
- ADQ and Oman Information, Communication and Technology Group (ITHCA) sign an MoU to establish an AED 592 million venture capital fund to invest in the Sultanate of Oman
On the sidelines of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE’s, visit to Oman, ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (OIA), across a variety of sectors aimed at contributing to increased economic cooperation and trade between both nations.
ADQ and OIA recently entered into an AED 10 billion partnership agreement to facilitate investments between the UAE and Oman in sectors of mutual priority and interest.
Additionally, ADQ and Oman Information, Communication and Technology Group (ITHCA), a wholly owned subsidiary of the OIA, signed an MoU to establish an AED 592 million venture capital fund to invest in high growth technology companies in the Sultanate of Oman.
The parties also identified preliminary investments to be assessed further that are worth over AED 30 billion in new projects within Oman across target sectors including hydrogen, solar and wind, green aluminum and steel, as well as water and electricity transmission lines. ADQ is also exploring investment in other sectors that include but are not limited to food & agriculture, logistics, technology, and healthcare. This is in line with ADQ’s ambitions to expand its power, water, and industrial platforms throughout Oman to capture synergies that achieve long-term and sustainable value creation for both nations.
As a strategic partner to the government, ADQ undertakes value accretive co-investment programs with key regional partners through its Sovereign Investment Partnerships platform. These partnerships accelerate investments that unlock mutual value across ADQ and its portfolio businesses.
About ADQ
Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.
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