chief said Department of Economic Development In Abu Dhabi, Muhammad Al-Shurafa, the Abu Dhabi Fund for Subscriptions has a size of 5 billion dirhams and was launched 8 months ago, with the aim of attracting companies to be offered in the Abu Dhabi market, especially family companies in the Gulf, and among these companies is Americana, which was recently launched in Abu Dhabi and Saudi Arabia.
“The fund works to prepare companies for offering, with the possibility of investing in them if the company desires,” according to Al-Shurafa.
He explained that the fund will offer 5 companies in the Abu Dhabi market during the year 2023, and these offerings are in the sectors of technology, health care and financial technology.
He pointed out that the openness of China represents a lot of commercial aspirations between the UAE and Beijing. “Despite the rise in interest rates and the global geopolitical situation, the non-oil GDP of the Emirate of Abu Dhabi grew by 11% in the first half of 2022,” according to Al-Shurafa.
Al-Shurafa added, in an interview with Al-Arabiya today, on the sidelines of the activities of the World Economic Forum in Davos, that the economies of the UAE and Abu Dhabi are ready for global changes with many initiatives, and he added: “We are not infallible from what is happening around us, but we are ready for any changes.”
He said that the Abu Dhabi Investment Office continues to attract foreign investments, and currently has 8 foreign offices, and plans to open 4 new offices in other countries during 2023.
He added that the UAE in 2021 topped the Arab countries in attracting foreign investment, with a value of $20 billion, an increase of 4% on an annual basis, and that it is implementing many development plans in 2023 that will have a role in attracting large investments, especially in the technology, health care and pharmaceutical sectors. vitality.
The head of the Department of Economic Development in Abu Dhabi stated that after the launch of the industrial strategy, many companies are seeking to open factories in Abu Dhabi, especially from countries with which economic partnership agreements have been signed, and agreements will be signed with 4 other countries in 2023.
