" Abu Dhabi Investment" and"PGIM" They establish "Real Asset X" For innovation

2024/12/10 9:52:34 PM

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ABU DHABI, December 10 / WAM / The Abu Dhabi Investment Office today signed a strategic partnership with BGIM Global Investment Management, with the aim of establishing a new innovation center in the Emirate of Abu Dhabi, within the framework of the strategic partnership linked to the Real Asset X Centre. The partnership agreement was signed by His Excellency Badr Salim Sultan Al Olama, Director General of the Abu Dhabi Investment Office, and Raimundo Amabile, Co-CEO and Global Director of Investment at BGIM Real Estate, on the sidelines of the Abu Dhabi Financial Week activities.

The strategic partnership with the Abu Dhabi Investment Office aims to launch the Real Asset

The center will work to exchange knowledge and encourage innovation, benefiting from its partnerships with well-established academic institutions, including the University of Chicago and University College London. The partnership will also contribute to linking Abu Dhabi companies with the global BGIM network to enhance international cooperation and support innovation at the Real Asset X Center in Abu Dhabi.

The Abu Dhabi Investment Office will benefit from the establishment of the Real Asset Artificial intelligence and innovative technologies in the physical assets sector. The Real Asset The Abu Dhabi Investment Office and PGIM will also discuss the possibility of establishing and managing investment portfolios worth up to $250 million. These investment portfolios aim to support the Real Asset X Center in Abu Dhabi and enable it to invest in emerging and advanced technology companies in the region and the world to develop research and transform them into pioneering solutions. The investment portfolio aims to support and empower startup founders, investors and the local economy.

His Excellency Badr Salim Sultan Al Olama, Director General of the Abu Dhabi Investment Office, said that the partnership with BGIM reflects Abu Dhabi’s commitment to building an economy based on knowledge and innovation, as the Real Asset The growth of the emirate’s economy and consolidates its position as a global center for financial services.

For his part, Raymundo Amabile, Co-CEO and Global Director of Investment at BGIM Real Estate, said that the partnership with the Abu Dhabi Investment Office contributes to the development of innovative solutions, in one of the most vibrant markets in the world, and under the strategic partnership, the Abu Dhabi Investment Office will cooperate With BGIM in developing national competencies and skills.

Real Asset

This partnership embodies the “Invest with Abu Dhabi” approach adopted by the Abu Dhabi Investment Office, as it provides investors and innovators from around the world with a unique opportunity to partner with the Abu Dhabi business ecosystem and participate in its efforts to achieve leadership in future growth sectors.