Thursday 7 February 2019

#AbuDhabi Investment Office set up to guide FDI | ZAWYA MENA Edition

Abu Dhabi Investment Office set up to guide FDI | ZAWYA MENA Edition:

A new investment office has been set up with the goal of driving more foreign direct investment (FDI) into Abu Dhabi.

In a statement issued on Thursday afternoon, it was announced that the new Abu Dhabi Investment Office (ADIO) had been set up as part of the Ghdan 21 initiative announced in June last year, through which the emirate's government is driving a 50 billion United Arab Emirates dirhams ($13.6 billion) economic stimulus package.

The statement said that ADIO would have responsibility for running an FDI strategy which would include setting up a PPP (public-private partnership) Centre of Excellence.

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