ADIA to establish a presence in ADGM

Abu Dhabi: The Abu Dhabi Investment Authority (ADIA) on Tuesday announced its plans to establish a presence in Abu Dhabi Global Market (ADGM). The company did not provide further details.

In a statement, ADIA’s Managing Director Shaikh Hamed Bin Zayed Al Nahyan said: “ADIA is pleased to join an increasing number of significant global institutions that have established a presence at the ADGM and looks forward to contributing to the centre’s continued development.”

Since its inception in 1976, ADIA has been investing funds on behalf of the Government of Abu Dhabi, with a focus on long-term value creation. It manages a global investment portfolio that is diversified across more than two-dozen asset classes and sub-categories.