Abu Dhabi: The Abu Dhabi Investment Office (ADIO) has signed a strategic partnership with Fosun International Limited to accelerate the expansion of Fosun's subsidiaries into Abu Dhabi and the wider Middle East. The agreement, announced today at the Abu Dhabi Investment Forum (ADIF) in Shanghai, aims to strengthen economic ties between Abu Dhabi and China while reinforcing the UAE capital's position as a global investment hub.
According to Emirates News Agency, under the partnership, ADIO will provide tailored investor support, streamlined market access, and strategic guidance to accelerate Fosun's presence in key growth sectors in Abu Dhabi. These sectors include wealth management, fintech, premium residential real estate, and healthcare innovation. Fosun International, a global innovation-driven consumer group, reported RMB97.84 billion (approximately $13.4 billion) in revenue in the first half of 2024 and employs over 110,000 people worldwide. By establishing Abu Dhabi as a regional gateway to the Middle East, Africa, and Southeast Asia, Fosun aims to leverage the emirate's dynamic business ecosystem and substantial investor base.
Badr Al-Olama, Director-General of ADIO, emphasized that Abu Dhabi continues to attract prestigious companies, reinforcing its status as a globally attractive investment destination. He noted that partnering with Fosun International underscores ADIO's commitment to promoting high-impact investments that drive innovation and accelerate Abu Dhabi's economic transformation. Al-Olama highlighted that Fosun's entry into Abu Dhabi will open new avenues of collaboration across various industries, advancing the emirate's vision of robust sustainable economic growth.
In addition to corporate expansion, Fosun will collaborate with ADIO to attract global investors and family offices, while supporting the development of Abu Dhabi's economic clusters. Wilson Jin, Senior Vice President of Fosun International, remarked that Abu Dhabi's strategic location, business-friendly environment, and world-class regulatory framework make it the ideal hub for Fosun's next phase of international growth. This partnership will enable Fosun to expand its footprint, attract top-tier investors, and contribute to the emirate's economic vision.
The agreement underscores Abu Dhabi's role as a global gateway for Chinese enterprises and investors seeking expansion opportunities in the region. With a shared commitment to driving innovation and investment, ADIO and Fosun International aim to create lasting economic impact and growth opportunities across key economic sectors.