The Abu Dhabi Investment Office (ADIO) has targeted major cities in Europe, Asia and the US as it chases business leaders, entrepreneurs and innovators to explore expansion to the UAE capital.

A series of six events organised by its international office network to discuss expansion opportunities have taken place in London, Paris, Beijing, Seoul, New York and San Francisco.

The series, which concluded in December, featured speeches and panel discussions from companies that have successfully expanded to Abu Dhabi.

The virtual sessions were supplemented by in-person events and side meetings in the cities that offered opportunities for exchange of ideas and networking between ADIO and the foreign companies in attendance, state news agency WAM reported.

Mohammed Ali Al Shorafa, chairman of the Abu Dhabi Department of Economic Development, said: “The benefits of doing business in Abu Dhabi are unmatched in the region, particularly for companies focused on innovation and technology. Within our investment ecosystem, businesses will find strong government support, established infrastructure and enabling regulations to accelerate their next stage of growth.

“By connecting with innovators across the world, ADIO is ramping up our vision to advance solutions that benefit us all.”

The events hosted by ADIO’s international offices are part of a series of strategic initiatives to help innovative businesses capitalise on opportunities in the emirate.

Established in January, ADIO’s international office network connects companies to Abu Dhabi, leveraging local capabilities to tailor ADIO’s range of financial and non-financial incentives to meet the needs of global investors.

Monira Al Kuttab, executive director, ADIO, said: “For global companies, Abu Dhabi offers access to a fast-growing region by way of a supportive business ecosystem and outstanding connectivity. ADIO is proud to showcase the abundant growth opportunities in Abu Dhabi.

“This is just the tip of the iceberg – the inaugural events of the ADIO’s international office network kick off a series of support initiatives for investors, as part of our renewed commitment to the local business community.”

ADIO offers incentives to eligible companies as part of its AED2 billion ($545 million) Innovation Programme to accelerate opportunities for investors and support the development of impactful solutions in Abu Dhabi.

Source:https://www.arabianbusiness.com/gcc/uae/uae-politics-economics/abu-dhabi-targets-key-cities-as-it-seeks-to-attract-more-overseas-firms