Latest news with #ADIO
Gulf Today
2 days ago
- Business
- Gulf Today
ADGM Academy partners with PGIM to advance sustainable technology
ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, to launch the RealAssetX Abu Dhabi Innovation Centre - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through advanced analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Alessandro Borgogna, Advisor - Cluster Planning and Development at ADIO, said, 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said, 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of the Middle East at PGIM, commented, 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.' Meanwhile in September, 2024, PGIM, the global investment management business of Prudential Financial, has received Financial Services Permission (FSP) to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi, located in the city's financial district. Establishing its local entity marks PGIM's formal entry into the Middle East market, underscoring its commitment to serving institutional and professional clients in the region. PGIM is dedicated to providing innovative investment strategies and comprehensive client advisory services to regional investors, helping them navigate market complexities and achieve their financial goals. Arvind Ramamurthy, Chief of Market Development at ADGM, said, 'We are proud to welcome PGIM, one of the largest asset management companies in the world, to one of the largest financial districts in the world — ADGM. PGIM's expansion into Abu Dhabi marks an important milestone in leveraging its unparalleled expertise and comprehensive range of services alongside ADGM's robust ecosystem to unlock a wealth of investment opportunities in the region. Their role in driving growth and innovation in the region will strengthen ADGM's position as a global financial powerhouse.' Mohammed Abdulmalek, Head of the Middle East for PGIM and Chairman of the newly established local entity, commented, 'PGIM is well-equipped to offer bespoke investment solutions that align with the region's economic growth and transformation.' 'Abu Dhabi remains a key market for us, and the establishment of our new legal entity in ADGM emphasises our ongoing dedication to our presence in the UAE and our commitment to the Middle East. I look forward to leading PGIM's efforts in delivering value to our clients and contributing to the financial landscape of the UAE.' ADGM, the international financial centre of the UAE capital, announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of ADGM's Registration Authority (RA), effective immediately. The appointment reflects ADGM's ongoing commitment to bolstering its leadership team and accelerating the execution of its strategic mandate, in alignment with Abu Dhabi's long-term economic vision. WAM
Zawya
2 days ago
- Business
- Zawya
ADGM Academy, PGIM launch RealAssetX Abu Dhabi to drive innovation
ABU DHABI - ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, Inc., to launch the RealAssetX Abu Dhabi Innovation Centre - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through advanced analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Alessandro Borgogna, Advisor – Cluster Planning and Development at ADIO, said, 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said, 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of the Middle East at PGIM, commented, 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.'
Zawya
2 days ago
- Business
- Zawya
PGIM and ADGM Academy launch RealAssetX Abu Dhabi to drive innovation and AI for the real asset industry
ABU DHABI – PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc., has partnered with ADGM Academy (ADGMA), to launch the RealAssetX Abu Dhabi Innovation Centre (the Centre) - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the Centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the Centre. Launched by PGIM in 2023, RealAssetX is underpinned by data from PGIM Real Estate and third-party sources. It partners with leading universities and technology companies around the world to research and develop new technologies that can be incubated and adopted by owners, operators and managers of real assets. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: Climate technologies – advancing decarbonisation and environmental resilience, AI-driven decision-making – enhancing asset management and investment strategies through advanced analytics, Breakthrough applications – exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the Centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes in partnership with universities and technology companies. These programmes are designed to nurture early-stage ideas and scale high-impact ventures, creating a dynamic ecosystem that bridges academia, entrepreneurship, and industry. Alessandro Borgogna, Advisor – Cluster Planning and Development at ADIO, said: 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale. We are proud to support ADGM Academy and PGIM in this effort and look forward to the impact the RealAssetX Abu Dhabi Innovation Centre will have across real assets and beyond.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said: 'At ADGM Academy, we are dedicated to empowering the next generation of innovators by providing the tools, talent, and technology to transform ideas into impactful solutions. We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of Middle East at PGIM , commented: 'RealAssetX Abu Dhabi is a progressive step forward in shaping the future of real assets through innovation, and we're proud to partner with ADGM Academy. By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation. We look forward to driving innovation in real assets from Abu Dhabi.' As a global leader in asset management, PGIM has deep asset class expertise and risk management discipline and has served clients in the Middle East for many years. PGIM offers active management and client-focused advisory services across private and public markets, meeting client needs in Private Alternatives (Real Estate, Agriculture, Private Equity); Public and Private Fixed Income; Fundamental Equity; Multi-asset Solutions; and Retirement and Fund Solutions. With a global team of 1,450 investment professionals, each averaging 22 years of experience, across 41 offices in 19 countries, PGIM is bringing its wealth of experience to one of the world's most progressive financial centres in the Middle East. ABOUT PGIM PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager with $1.4 trillion in assets under management,2 PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit About ADGM Academy ADGM Academy (ADGMA) is the knowledge arm of the international financial centre of Abu Dhabi - was established in order to promote the Emirate of Abu Dhabi as a global financial centre, to develop the economy of the Emirate of Abu Dhabi and make it an attractive environment for financial investments and an effective contributor to the international financial services industry. ADGMA was established with the vision of becoming one of the region's top educational and Human Resources academies for banking, finance, and public services. In line with the UAE leadership's vision to continue to build a strong and resilient economic sector, we aim to provide our constituents and the community at large with world-class educational and experiential programmes. ADGMA has been at the forefront of financial and digital training programmes, partnering with top industry experts, professional organisations and leading academic institutions to design and deliver programs and produce applied-based research relevant to the financial industry, focusing on future-driven trends. CONNECT WITH US: Visit Follow on LinkedIn MEDIA CONTACTS Joanna Drew Sharan Kaur
Zawya
5 days ago
- Business
- Zawya
Abu Dhabi Investment Office, Emirates Family Office Association sign agreement
ABU DHABI - The Abu Dhabi Investment Office (ADIO) and the Emirates Family Office Association (EFOA) have signed a strategic agreement to position Abu Dhabi as the preferred destination for global family offices and ultra-high net worth individuals (UHNWIs). The agreement formalises a long-term collaboration to attract and enable long-term private capital, enhance the emirate's wealth management ecosystem and support its economic vision. The partnership brings together ADIO's mandate to spearhead Abu Dhabi's economic transformation with EFOA's international family office networks and its expertise in policy dialogue, business development and wealth preservation. The two entities will work jointly to promote Abu Dhabi's compelling value proposition for family offices, delivering a more seamless, investor-led ecosystem for the deployment and long-term presence of capital in the region. At the heart of the agreement is a commitment to reduce friction for incoming investors. ADIO will provide investors with tailored support, ranging from market entry and business licensing to lifestyle integration and strategic partnerships. EFOA will identify and refer qualified investors, facilitate international introductions and co-develop investment propositions in high-growth sectors aligned with Abu Dhabi's long-term vision. Hareb Al Mheiri, Executive Director of the Investor Growth Sector at ADIO, said, 'This partnership reflects Abu Dhabi's role as a stable, credible and forward-looking hub for UHNWIs and global capital. By working closely with the Emirates Family Office Association, we are not only enhancing entry, we are also raising the ambition for family offices to contribute to global economic transformation from the emirate." The agreement also establishes a coordinated calendar of high-level investor delegations, private forums and strategic roadshows to position Abu Dhabi as a nexus for generational capital. These engagements will showcase the emirate's distinct value proposition, from economic stability to progressive regulations and access to high-growth markets across the Middle East, Asia and Africa. Adam Ladjadj, Founder and Vice Chairman at EFOA, commented, 'Family offices today are global operators looking for more than tax efficiency—they want trusted environments where capital, talent and ideas converge. Abu Dhabi offers that rare combination of access, vision and continuity. Our partnership with ADIO is designed to meet that demand, with investors at the centre of the strategy." ADIO and EFOA will also collaborate on policy dialogue and regulatory innovation, ensuring Abu Dhabi addresses the evolving priorities of international investors while reinforcing its role as a partner of choice for wealth preservation and long-term value creation.
Zawya
5 days ago
- Business
- Zawya
ADIO partners with Emirates Family Office Association
Strategic partnership to streamline investor access, align private capital with the emirate's economic priorities and reinforce Abu Dhabi's position as a global hub for generational wealth Abu Dhabi, UAE – The Abu Dhabi Investment Office (ADIO) and the Emirates Family Office Association (EFOA) have signed a strategic agreement to position Abu Dhabi as the preferred destination for global family offices and ultra-high net worth individuals (UHNWIs). The agreement formalises a long-term collaboration to attract and enable long-term private capital, enhance the emirate's wealth management ecosystem and support its economic vision. The partnership brings together ADIO's mandate to spearhead Abu Dhabi's economic transformation with EFOA's international family office networks and its expertise in policy dialogue, business development and wealth preservation. The two entities will work jointly to promote Abu Dhabi's compelling value proposition for family offices, delivering a more seamless, investor-led ecosystem for the deployment and long-term presence of capital in the region. At the heart of the agreement is a commitment to reduce friction for incoming investors. ADIO will provide investors with tailored support, ranging from market entry and business licensing to lifestyle integration and strategic partnerships. EFOA will identify and refer qualified investors, facilitate international introductions and co-develop investment propositions in high-growth sectors aligned with Abu Dhabi's long-term vision. H.E. Hareb Al Mheiri, Executive Director of the Investor Growth Sector, ADIO, said: 'This partnership reflects Abu Dhabi's role as a stable, credible and forward-looking hub for UHNWIs and global capital. By working closely with the Emirates Family Office Association, we are not only enhancing entry, we are also raising the ambition for family offices to contribute to global economic transformation from the emirate." The agreement also establishes a coordinated calendar of high-level investor delegations, private forums and strategic roadshows to position Abu Dhabi as a nexus for generational capital. These engagements will showcase the emirate's distinct value proposition, from economic stability to progressive regulations and access to high-growth markets across the Middle East, Asia and Africa. Adam Ladjadj, Founder and Vice Chairman at Emirates Family Office Association, commented: 'Family offices today are global operators looking for more than tax efficiency—they want trusted environments where capital, talent and ideas converge. Abu Dhabi offers that rare combination of access, vision and continuity. Our partnership with ADIO is designed to meet that demand, with investors at the centre of the strategy." In addition to supporting the capital inflows, ADIO and EFOA will collaborate on policy dialogue and regulatory innovation, ensuring Abu Dhabi addresses the evolving priorities of international investors while reinforcing its role as a partner of choice for wealth preservation and long-term value creation. About the Abu Dhabi Investment Office (ADIO): The Abu Dhabi Investment Office (ADIO) is the government vehicle responsible for accelerating Abu Dhabi's growth and enabling the emirate's economic transformation. Through comprehensive support services, ADIO enables both local and foreign investors to shape industries of the future set to transform liveability, technology, resources, and value-added services. Initiatives focused on supporting tourism and retail development, as well as public-private partnerships, ensure that community well-being is at the centre of Abu Dhabi's economic transformation. With a robust network of investors, strong collaboration with key stakeholders, and a global presence, ADIO is committed to empowering those who invest with Abu Dhabi to make a lasting global impact. About Emirates Family Office Association: The Emirates Family Office Association is an independent, not-for-profit, membership organisation designed to support the UAE and global family office communities. EFOA strives to provide resources, education, and support to family offices, with no associated membership fees, while fostering collaboration and innovation among its member organisations.
