Abu Dhabi’s ADIO to Set Up Offices in U.S., Europe, Asia

Compartir
Compartir articulo
An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Abu Dhabi sold $10 billion of bonds in a three-part deal in its first international offering in two years as it takes advantage of relatively low borrowing costs.
An Emirati woman paddles a canoe past skyscrapers in Abu Dhabi, United Arab Emirates, on Wednesday, Oct. 2, 2019. Abu Dhabi sold $10 billion of bonds in a three-part deal in its first international offering in two years as it takes advantage of relatively low borrowing costs.

(Bloomberg) -- State-run Abu Dhabi Investment Office plans set up operations in eight locations abroad as it seeks to attract foreign investments into the oil-rich emirate.

The offices in New York, San Francisco, London, Paris, Frankfurt, Seoul, Beijing and Tel Aviv will be tasked with enabling companies around the world to operate in Abu Dhabi, according to a tweet on Thursday.

Abu Dhabi, home to one of the world’s largest sovereign wealth funds, will bet on attracting technology firms and skilled workers to help its economy rebound in 2021, a top official said last year.

Abu Dhabi Investment Office struck several deals last year -- for investments in technology to startups. In September, it announced plans for its first presence outside the United Arab Emirates in Tel Aviv.

Read more: Abu Dhabi Aims to Attract Skilled Expats by Making Life Cheaper