Established in Abu Dhabi in 2018, ADQ is one of the region’s largest holding companies with direct and indirect investments in more than 90 companies. Its portfolio of major enterprises span key sectors across Abu Dhabi’s economy, including food and agriculture, aviation, financial services, healthcare, industries, logistics, media, real estate, tourism and hospitality, transport and utilities.
As a strategic partner of the Government, ADQ is committed to accelerating the transformation of the emirate into a globally competitive and knowledge-based economy. It is both an asset owner and investor in target sectors, locally and internationally, which align with Abu Dhabi leadership’s vision.
ADQ brings together some of Abu Dhabi’s most dynamic, transformational and ambitious enterprises through direct and indirect investments in more than 90 companies across key sectors of the emirate’s economy.
Abu Dhabi Developmental Holding Company, ADDH, one of the region’s largest holding companies, today unveiled a new brand identity, to become ADQ.
The announcement coincides with ADQ’s new phase of growth with the addition of 14 companies to its portfolio. This brings the total number of companies within its portfolio to over 25 companies with a diversified exposure across 11 sectors.
Recent additions to ADQ’s portfolio include the General Holding Corporation PJSC, Senaat. Senaat’s subsidiaries span a range of sectors such as agri-food and industrial assets, and encompass companies including Agthia PJSC, Al Foah, National Petroleum Construction Company, Emirates Steel Industries PJSC, Dubai Cables Company and Arkan Building Materials PJSC.
Reinforcing its commitment to develop the Emirate’s growing tourism sector, shares of multiple renowned hotels and tourism facilities in Abu Dhabi have also been transferred to ADQ. This includes Qasr Al Sarab Desert Resort, Anantara Al Yamm Villa Resort, Anantara Al Sahel Villa Resort, Desert Islands Resort & Spa, Emirates Pearl for Development and Investment, B2B Hotels and Properties, Park Hospitality Investment, Tourism Investment Assets, and Qaryat Al Beri Resort Development Company. This follows recent high-profile announcements as ADQ finalised its agreement to establish Wizz Air Abu Dhabi in partnership with Europe’s largest low-cost airline, Wizz Air.
Additional companies added to ADQ’s portfolio include Abu Dhabi Securities Exchange, ADX, Image Nation, and shares in the National Marine Dredging Company PJSC and Emirates Driving Company PJSC.
The expanded portfolio will deepen ADQ’s focus on the development of industrial, agri-food, media, financial services, and tourism and hospitality sectors in the Emirate. It also complements the initial focus on utilities, transportation, logistics, aviation, real estate, and healthcare.
ADQ brings together some of Abu Dhabi’s most dynamic and ambitious enterprises, so that we may act as a national champion on behalf of the government to maximise the performance and value creation by each of our portfolio companies, as well as their long-term impact on our society.
ADQ was established in 2018 as a public joint stock company, PJSC. In 2019, the Abu Dhabi Government moved its interest in 13 companies to ADQ. Companies transferred at the time were Abu Dhabi Power Corporation, Abu Dhabi Sewerage Services Company PJSC, Abu Dhabi Ports Company PJSC, Higher Corporation For Specialized Economic Zones, Etihad Rail PJSC, Abu Dhabi Health Services Co. PSC, SEHA, National Health Insurance Company, Daman, PJSC, Abu Dhabi General Services – Musanada – PJSC, Abu Dhabi Airports Company PJSC, Abu Dhabi National Exhibitions Company (ADNEC) PJSC, Modon Properties PJSC, Abu Dhabi Media PJSC and twofour54 FZ.
Originally posted 2019-07-04 14:22:56. Republished by Blog Post Promoter