Tahnoon bin Zayed: “ADQ” contributes to building international business platforms

His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi, Member of the Supreme Council for Financial and Economic Affairs, Chairman of the Chairman of the Board of Directors of “ADQ” – is chaired by an active sovereign investment company that leads growth and prosperity in Abu Dhabi – the meeting of the company’s board of directors, where His Highness praised its contributions to building global business platforms, and focusing on developing basic infrastructure and supply networks.

The Board of Directors reviewed the financial performance of “Holding” during the year 2024, and the continued growth course achieved by the company in the past years.

The Council also briefed the company’s most important achievements in various fields, which confirms the role of “ADQ”, as an active investor that focuses on achieving value and positive transformation within its portfolios, economics and local societies.

The Board of Directors was briefed on a comprehensive summary of the most prominent business and joint projects, and notes of understanding that were concluded during the past three months, while emphasizing its strategic importance and its compatibility with the company’s priorities in building international business platforms that focus on the basic infrastructure and the development of supply networks.

Among the achievements that were presented during the meeting, the establishment of the “Benari Middle East” company, which is a joint investment platform with the “Benari” group, an independent, leading, developed and manager investment company for public and private infrastructure projects, targeting public and social infrastructure in the Middle East and Central Asia, in addition to the establishment of the “Orion Abu Dhabi” company, which is a joint venture with the “Orion Resource Partners” company, company Global investment specializing in minerals and materials, which will focus on investments in basic minerals in emerging markets throughout Africa, Asia and Latin America.

The new companies will be included in the infrastructure and basic mineral sector portfolio in the “Holding”, which was recently created, with the aim of supporting the creation of global level platforms and necessary to operate various economic sectors.

In the context of the continued strengthening of the “ADQ” record of the establishment of influential partnerships, a memorandum of understanding was signed with the International Finance Corporation, the largest global development institution focusing on the private sector, to follow up on joint development projects with a significant impact in the targeted geographical areas, and an agreement was signed with the government capital investment company, the sovereign wealth fund owned by the Vietnam Government, to explore investment opportunities of common interest, and a memorandum of understanding was signed. Another with Eni, a company specialized in global energy technology, is based in Rome to discuss the areas of potential strategic cooperation that aims to enhance supply networks of the basic metals needed to push the energy transformation.

The Council also briefed the main achievements through the portfolio of the “Holding” companies, and this included the launch of the first “Giga” project in the world to store solar energy and batteries around the clock in Abu Dhabi, by the Emirates Water and Electricity Company, and Abu Dhabi Future Energy Company (Masdar), and the project is considered the largest of its kind, as it will combine a battery storage capacity of 19 GW with 5.2 GB of solar solar energy, virtual energy What establishes new criteria in the field of clean energy innovation.

In line with the national artificial intelligence strategy of the UAE 2031, which aims to transform the UAE into a leading global center in the field of artificial intelligence, “ADQ” developed an adviser to the board of directors based on artificial intelligence, known as “Q”, a sound agent system that combines many artificial intelligence techniques that work in harmony with advanced capabilities, based on the broad knowledge basis For “Holding”, where “Q” has the ability to provide advice, and propose valuable visions of the Board of Directors during the discussions of the Council, in addition to providing assistance in the decision -making process.

The presence of the counselor «Q) comes to put the“ Holding ”at the forefront of government and private companies, institutions and bodies in the field of innovation, and to enhance institutional governance, by integrating artificial intelligence into the decision -making process.

“Under the direction of His Highness Sheikh Tahnoon bin Zayed Al Nahyan, (Holding) managed to make increasing and sustainable contributions to enhance the flexibility and competitiveness of the local economy.”

He added that the achievements that were presented to the Board of Directors confirm the “Holding” commitment to partnership with the Abu Dhabi government to implement the priorities aimed at achieving permanent value, pointing out that the infrastructure sector and the basic minerals that have been established, recently, is evidence of this.