Tahnoun bin Zayed: “ADQ Holding” strengthens Abu Dhabi’s development process

His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi and Chairman of the Board of Directors of the Holding Company (ADQ), stressed the importance of the company’s role and its valuable contribution in enhancing the development process and stimulating economic growth in the Emirate of Abu Dhabi, and benefiting from joint investment opportunities in various global markets, especially Countries of the region, and what is reflected in their prosperity and renaissance, during His Highness chairing the meeting of the Board of Directors of the “Holding Company” (ADQ).

During the meeting, the Board reviewed and approved the financial performance of ADQ from the beginning of this year to date, with an emphasis on the successful growth process over the past few years. The members of the Board of Directors also reviewed the company’s most prominent achievements and its prominent role as an active investor in the infrastructure. Basic infrastructure and global supply chains, in line with its vision.

The meeting, which was chaired by His Highness, was attended by the new ADQ Board of Directors, which included His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Jassim Mohammed Buataba Al Zaabi, Mohammed Hassan Al Suwaidi, Mohammed Mubarak Fadel Al Mazrouei, Ali Mohammed Hammad Al Shamsi, and Dr. Ahmed Mubarak Al Mazrouei, Sheikh Abdullah bin Mohammed Al Hamed, and Kaj-Erik Relander.

The Council also reviewed a comprehensive summary of the most prominent deals and acquisitions in 2024, where their strategic importance and compatibility with the company’s endeavors were emphasized. These deals included the “Holding Company” (ADQ) investing $35 billion to transform the Ras El Hekma region into a distinguished coastal destination in the Republic of Egypt. Arabic.

The master plan for the mega city to be developed in the region includes world-class infrastructure, designed to enhance economic and tourism growth in Egypt, which will contribute to consolidating mutual investment relations between the UAE and Egypt.

The company also acquired a 49% stake in the Australian “Blenari” Group, a leader in infrastructure projects between the public and private sectors, with the aim of supporting joint opportunities in major geographical regions.

The establishment of Arcera, a global company specialized in the life sciences sector, contributed to strengthening ADQ’s assets in the pharmaceutical industries and consolidating its commitment to supporting supply chains in Abu Dhabi.

The Council also reviewed the most prominent achievements within the portfolio of companies affiliated with ADQ.

The members of the Board of Directors discussed the company’s five-year plan and the goals it seeks to achieve. The company’s artificial intelligence strategy was also reviewed, which would support this plan and contribute to accelerating the transformation process in its portfolio companies by adopting artificial intelligence technologies and solutions in their operations, products and services.

Managing Director and CEO of the Holding Group (ADQ), Mohammed Hassan Al Suwaidi, said: “The company, under the leadership of His Highness Sheikh Tahnoun bin Zayed Al Nahyan, continues its endeavors to enhance strategic growth, consolidate prosperity in Abu Dhabi, and make a positive impact on people’s lives, and reflects outstanding achievements.” The company has an ongoing commitment to supporting the emirate’s economic priorities and providing sustainable value, and we will continue to focus on investments that contribute to local and global expansion and achieve excellence in the international business environment.”