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Abu Dhabi Investment Office, PGIM cooperate to establish new innovation center
(MENAFN) The Abu Dhabi Investment Office (ADIO) has formed a strategic partnership with global investment management firm PGIM to establish a new innovation center in Abu Dhabi. This partnership is linked to the Real Asset X Center, marking a significant step in driving innovation and economic development in the region.
The agreement was signed by Badr Salim Sultan Al Olama, Director General of ADIO, and Raimundo Amabile, Co-CEO and Global Head of Investment at PGIM Properties, during Abu Dhabi Finance Week. The partnership will explore the potential of creating and managing investment portfolios valued at up to USD250 million, aimed at supporting Real Asset X in Abu Dhabi.
These investment portfolios will focus on investing in emerging and advanced technology companies both regionally and globally. The goal is to foster research and transform it into groundbreaking solutions. In doing so, the portfolio aims to empower startup founders, investors, and contribute to the local economy’s growth.
Badr Al Olama highlighted that this partnership demonstrates Abu Dhabi’s commitment to developing a knowledge-based economy driven by innovation. He emphasized that the Real Asset X Center will connect local innovations with global expertise, driving economic growth and reinforcing Abu Dhabi's position as a key global financial services hub.
The agreement was signed by Badr Salim Sultan Al Olama, Director General of ADIO, and Raimundo Amabile, Co-CEO and Global Head of Investment at PGIM Properties, during Abu Dhabi Finance Week. The partnership will explore the potential of creating and managing investment portfolios valued at up to USD250 million, aimed at supporting Real Asset X in Abu Dhabi.
These investment portfolios will focus on investing in emerging and advanced technology companies both regionally and globally. The goal is to foster research and transform it into groundbreaking solutions. In doing so, the portfolio aims to empower startup founders, investors, and contribute to the local economy’s growth.
Badr Al Olama highlighted that this partnership demonstrates Abu Dhabi’s commitment to developing a knowledge-based economy driven by innovation. He emphasized that the Real Asset X Center will connect local innovations with global expertise, driving economic growth and reinforcing Abu Dhabi's position as a key global financial services hub.
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