Abu Dhabi - Dubai Times
In a significant move underscoring Abu Dhabi's commitment to fostering a knowledge-based economy, the Abu Dhabi Investment Office (ADIO) has entered into a strategic partnership with PGIM, a global investment management firm.

This collaboration aims to establish a cutting-edge innovation hub in Abu Dhabi, in alignment with the strategic objectives of the Real Asset X Centre.

The partnership agreement was formalized during Abu Dhabi Finance Week, with Badr Salim Sultan Al Olama, Director General of the Abu Dhabi Investment Office, and Raimondo Amabile, Co-CEO and Global Chief Investment Officer for PGIM Real Estate, signing the accord.

This initiative marks a pivotal step towards bolstering the emirate’s position as a global financial services hub.

The Abu Dhabi Investment Office and PGIM are also exploring the creation and management of investment portfolios valued at up to $250 million.

These portfolios are intended to support the Real Asset X Centre in Abu Dhabi by investing in high-tech startups and innovative companies across the region and worldwide.

The ambition is to transform cutting-edge research into pioneering solutions that can empower entrepreneurs and investors alike, while driving growth in the local economy.

Badr Salim Sultan Al Olama, Director General of the Abu Dhabi Investment Office, remarked, 'Our partnership with PGIM underscores Abu Dhabi's dedication to building a knowledge and innovation-driven economy.

The Real Asset X Centre in Abu Dhabi will serve as a nexus connecting local emerging innovations with global expertise, thereby enhancing the emirate's economic growth and solidifying its status as a global financial hub.'

This strategic alliance not only highlights Abu Dhabi's proactive stance in embracing innovation but also its foresight in empowering the next generation of technological pioneers, ensuring the emirate remains at the forefront of global economic transformation.