Abu Dhabi Investment Office (ADIO), the state body responsible for promoting the emirate to international investors, is opening a string of international offices as part of an investment push.
At least eight branches will be opened in the US (New York and San Francisco) , China, Germany, France, the UK, South Korea and Israel.
According to ADIO chairman, Mohammed Aki Al Shorafa, the representative offices “will serve as a bridge between key international markets and the exciting opportunities in some of our economy’s highest potential areas, opening up new areas of cooperation between the domestic private sector and its international counterparts”.
The initiative is also being marketed as part of ADIO’s US$545 million Innovation Programme, designed to market the emirate’s technology start-ups to international investors.
“International start-ups and businesses will find it easier than ever to access the full range of support that ADIO provides, including its investor care services and incentives,” ADIO said.
The plan to open an office in Israel was first announced in September last year, in partnership with Abu Dhabi-based cloud computing firm, G42, which will house ADIO’s Tel Aviv office in its recently opened Israeli subsidiary.
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