ADQ teams up with Turkish investment entities to boost priority sectors
Abu Dhabi’s holding company ADQ signed agreements with various Turkish investment entities to boost the development of priority sectors in the UAE and Turkey ranging from technology to healthcare, following talks between the two countries.
ADQ signed partnership pacts with the Turkey Wealth Fund, Turkey Investment Office and CCN Holding, the Abu Dhabi Government Media Office (ADGMO) said.
The agreements were signed during the visit of Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, to Ankara on Wednesday for talks with Turkish President Recep Tayyip Erdogan. Following the talks between the two leaders, the UAE announced a $10 billion fund to support strategic investments in Turkey, including in energy, health and food.
ADQ and the Turkish Wealth Fund will co-invest in technology companies in Turkey and invest in companies with high-growth potential and emerging technologies, the ADGMO said.
Meanwhile, ADQ and the Turkey Investment Office will identify potential investment opportunities in key sectors, including energy and utilities, healthcare, pharmaceuticals, agriculture, mobility and logistics, while ADQ and CCN Holding agreed to explore investment opportunities in hospitals and medical facilities in Turkey.
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