Abu Dhabi Investment Office partners with HSBC to boost business and investments globally

Photo : Abu Dhabi Media Office

The Abu Dhabi Investment Office (ADIO), the body responsible for driving inward investment and supporting Abu Dhabi’s economic transformation, has announced a strategic partnership with HSBC Bank Middle East in the UAE, designating the bank as its preferred international banking partner in Asia. This collaboration is set to boost business and investment prospects for Abu Dhabi and its leading institutions in international markets, aligning with ADIO's broader goals to foster global economic connectivity.

The partnership was formalized in a signing ceremony attended by His Excellency Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), and Abdulfattah Sharaf, Chairman of HSBC Bank Middle East Limited. The agreement was signed by Badr Al-Olama, Director General of ADIO, and Mohamed Al Marzooqi, Chief Executive of HSBC UAE.

Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel 

This collaboration will see HSBC playing a pivotal role in connecting ADIO with business and investment opportunities not only across Asia but also in key international markets where the bank has a strong presence, including Europe, the UK, and the Americas. The bank will support Abu Dhabi’s efforts to enhance its global economic outreach by facilitating two-way trade and investment flows between Abu Dhabi and Asia. Key initiatives will include organising high-impact events in international markets to promote Abu Dhabi’s investment landscape, while also assisting HSBC clients in establishing their regional presence in the UAE’s capital as a gateway to neighbouring markets.

Badr Al Olama emphasized the importance of the partnership, stating: “This collaboration with HSBC highlights ADIO’s dedication to fostering global partnerships that drive both inward investment and outbound growth. It supports our long-term goal of transforming Abu Dhabi’s economy by creating a dynamic and attractive business environment for investors worldwide.”

Mohamed Al Marzooqi added, “Abu Dhabi’s Falcon Economy is a central player in the UAE’s rapid economic diversification. With non-oil growth in the UAE outpacing the global average, there are ample opportunities for businesses to capitalize on Abu Dhabi’s burgeoning investment potential. The UAE is experiencing a significant rise in capital flows between Asia and the UAE, with robust policy frameworks and trade agreements facilitating this growth. HSBC’s extensive presence in Asia, where we cover more than 95 percent of the region's GDP, trade, and foreign direct investment, positions us perfectly to support Abu Dhabi in achieving its international growth ambitions.”

This strategic partnership comes at a time when Abu Dhabi is seeing swift diversification in its economy, driven by non-oil sectors, and abundant investment opportunities in industries ranging from technology and finance to sustainable energy and infrastructure development. HSBC’s longstanding history of over 75 years in the UAE, combined with its extensive 160-year presence across 19 markets in Asia, gives the bank the necessary reach and expertise to support Abu Dhabi’s vision of becoming a leading global business hub.

HSBC was recently recognized for its global capabilities, winning accolades as the UAE’s Best International Bank and Asia’s Best Bank at the Euromoney Awards for Excellence 2024. This reinforces the bank’s role as a key player in the region’s financial landscape, supporting not only Abu Dhabi’s ambitions but also facilitating broader capital flows between Asia and the UAE.

ADIO, through its various initiatives, plays an instrumental role in accelerating Abu Dhabi’s ongoing economic transformation. By attracting international investments and fostering innovation in priority sectors such as technology, healthcare, and renewable energy, the partnership with HSBC is expected to bolster Abu Dhabi's position as a global leader in economic diversification and innovation. The collaboration is designed to create a vibrant ecosystem for both local and international businesses, ensuring sustainable growth and long-term success for Abu Dhabi on the global stage.

#trending #latest #AbuDhabi #Investment #HSBC #GlobalPartnership #EconomicGrowth #AsiaBusiness #UAEInvestment #Innovation #Trade #EconomicTransformation #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai

Expo City Dubai’s Cities in Action Forum ends with new partnerships, paving way for Asia Pacific Summit....Read More.

ADPHC uses advanced tech and monitoring to analyze health data, prevent outbreaks through immunization, campaigns, and health measures...Read More.