• Business
• Money & Finance
• Technology

49 Companies Enroll in ADIO’s Innovation Programme

by CEO Editorial Team

March 16, 2023 14

Abdulla Abdul Aziz Al Shamsi, the Acting Director-General of the Abu Dhabi Investment Office (ADIO), has highlighted the office’s global expansion over the past two years. During this period, ADIO has successfully opened eight representative offices in various global economic capitals, emphasizing the office’s efforts to attract more companies specializing in innovation and technology to support Abu Dhabi’s economic diversification.

In an interview with the Emirates News Agency (WAM), Al Shamsi explained that the ADIO Innovation Programme, launched in 2020, has achieved positive results in attracting 49 companies, providing them with a total of AED1.3 billion in incentives. ADIO, with a budget of AED2 billion, is supporting companies in several sectors with high growth rates, including information and communication technology, agricultural technology, health services, biopharmaceuticals, and financial services.

The programme aims to establish an advanced innovation system to promote Abu Dhabi’s economic diversification. Abu Dhabi has become a key hub for companies looking to enhance their presence in the region, as evidenced by the growing number of companies that have joined the innovation programme.

Al Shamsi further stated that the ease of starting a business in Abu Dhabi and the variety of opportunities available make it an attractive destination for companies. The support provided by ADIO has attracted many companies to choose Abu Dhabi as their base of operations.

ADIO’s expansion efforts abroad have been instrumental in establishing Abu Dhabi as a global business hub. The representative offices in various economic capitals have enabled ADIO to reach out to companies worldwide and promote the economic opportunities available in Abu Dhabi. ADIO has also been able to establish strategic partnerships with several global organizations, further strengthening Abu Dhabi’s position in the global business landscape.

The ADIO Innovation Programme has been a major success in attracting innovative and technology-focused companies to Abu Dhabi. The programme’s incentives and support have helped these companies establish themselves in Abu Dhabi and contribute to the emirate’s economic diversification efforts. As a result, Abu Dhabi has been able to attract a wide range of companies, from startups to established corporations, looking to expand their business in the region.

Abu Dhabi’s strategic location and strong infrastructure make it an ideal destination for businesses looking to establish a presence in the Middle East. With ADIO’s continued efforts to support innovative and technology-focused companies, Abu Dhabi is well positioned to become a leading hub for these industries.

In conclusion, ADIO’s global expansion and the success of the ADIO Innovation Programme have been instrumental in promoting Abu Dhabi as a global business hub. The programme’s focus on innovation and technology has attracted a wide range of companies to Abu Dhabi, contributing to the emirate’s economic diversification efforts. With ADIO’s continued support, Abu Dhabi is poised to become a leading destination for innovative and technology-focused companies looking to expand their business in the region.

Abdulla Abdul Aziz Al Shamsi, the Acting Director-General of the Abu Dhabi Investment Office (ADIO), has highlighted the office’s global expansion over the past two years. During this period, ADIO has successfully opened eight representative offices in various global economic capitals, emphasizing the office’s efforts to attract more companies specializing in innovation and technology to support Abu Dhabi’s economic diversification.

In an interview with the Emirates News Agency (WAM), Al Shamsi explained that the ADIO Innovation Programme, launched in 2020, has achieved positive results in attracting 49 companies, providing them with a total of AED1.3 billion in incentives. ADIO, with a budget of AED2 billion, is supporting companies in several sectors with high growth rates, including information and communication technology, agricultural technology, health services, biopharmaceuticals, and financial services.

The programme aims to establish an advanced innovation system to promote Abu Dhabi’s economic diversification. Abu Dhabi has become a key hub for companies looking to enhance their presence in the region, as evidenced by the growing number of companies that have joined the innovation programme.

Al Shamsi further stated that the ease of starting a business in Abu Dhabi and the variety of opportunities available make it an attractive destination for companies. The support provided by ADIO has attracted many companies to choose Abu Dhabi as their base of operations.

ADIO’s expansion efforts abroad have been instrumental in establishing Abu Dhabi as a global business hub. The representative offices in various economic capitals have enabled ADIO to reach out to companies worldwide and promote the economic opportunities available in Abu Dhabi. ADIO has also been able to establish strategic partnerships with several global organizations, further strengthening Abu Dhabi’s position in the global business landscape.

The ADIO Innovation Programme has been a major success in attracting innovative and technology-focused companies to Abu Dhabi. The programme’s incentives and support have helped these companies establish themselves in Abu Dhabi and contribute to the emirate’s economic diversification efforts. As a result, Abu Dhabi has been able to attract a wide range of companies, from startups to established corporations, looking to expand their business in the region.

Abu Dhabi’s strategic location and strong infrastructure make it an ideal destination for businesses looking to establish a presence in the Middle East. With ADIO’s continued efforts to support innovative and technology-focused companies, Abu Dhabi is well positioned to become a leading hub for these industries.

In conclusion, ADIO’s global expansion and the success of the ADIO Innovation Programme have been instrumental in promoting Abu Dhabi as a global business hub. The programme’s focus on innovation and technology has attracted a wide range of companies to Abu Dhabi, contributing to the emirate’s economic diversification efforts. With ADIO’s continued support, Abu Dhabi is poised to become a leading destination for innovative and technology-focused companies looking to expand their business in the region.