Search DubaiPRNetwork.com

Dubai and UAE
Home >> Banking & Investments

ADQ and OIA Identify AED 30 Billion Worth of Investment Opportunities in Oman

ADQ and OIA Identify AED 30 Billion Worth of Investment Opportunities in Oman

Wednesday, September 28, 2022/ Editor -  

Share

Home >> Banking & Investments
• 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
 
Abu Dhabi, UAE – 28 September 2022: 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. 
 
H.E. Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer at ADQ, said: “As part of the UAE’s longstanding bilateral relationship with Oman, we discussed several potential strategic opportunities that can unlock significant synergies and value through joint collaboration across key industries in the Sultanate. Today’s engagement builds on our recent efforts and commitment to develop tangible investment partnerships in key markets, such as Oman, that complement our investment strategy and growth aspirations. We are confident that this visit reinforces the significant economic potential of ADQ’s partnership with OIA.”
 
Abdulsalam Al Murshidi, President of Oman Investment Authority (OIA), said: “Our partnership with a like-minded institution, such as ADQ, showcases our shared commitment to building long-term sustainable relationships. Our discussions today will not only create a platform to enable us to explore mutually beneficial co-investment opportunities, but facilitate knowledge sharing to strengthen our respective organisations’ investment platforms.”
 
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. 
 
ENDS

Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

ACJ Partners with Citadel to Extend its Service Centre Network

AWS Makes Water Positive Commitment to Return More Water to Communities Than It ...

H.E. Dr. Abdulla Al Karam, Director General KHDA inaugurates Citizens School Dub ...

2022 SAF Production Increases 200% - More Production Incentives Needed to Reach ...

Lumenore Hosts GCC-Focused Webinar Highlighted by Keynote Address from Donald Fa ...

The Most Prevalent Concerns for Publishers Revealed by Bodour Al Qasimi at FIL 2 ...

Relay for Life Cancer Fundraiser gives the Public a Chance to Dress Up, Show the ...

QNET Promotes Importance of Employee Volunteer Programs on International Volunte ...

New Lincoln Navigator Brings Refreshed Exterior, Stunning Interior Options, and ...

Investcorp Acquires a Majority Stake in CrossCountry Consulting, a Leading Busin ...

UAE's People of Determination Reaping the Benefits of Gaming and Looking Forward ...

aswaaq Retail Opens its 24th Branch in One Deira Mall on the Waterfront

Mohammed Bin Rashid Library Recognizes Members of the Nabdh Al Emarat Volunteer ...

Relay for Life: World's Biggest Fundraiser gives Champions of Cancer a Platform ...

MAX&Co. Unveils New &Co.LLABORATION With Tamagotchi

Airlines Cut Losses in 2022; Return to Profit in 2023

New Report by Arthur D. Little Estimates BaaS Revenues to Reach $28 Billion by ...

JIJIL's Fashion-Forward Winter Wear

Sharjah Chamber Opens Registration for Sharjah Shopping Promotions 2022

The Best Holiday Gifts from Sony this 2022