A strategic cooperation agreement between the Abu Dhabi Investment Office and a company "Prudential Financial" Global
ABU DHABI, December 10 / WAM / The Abu Dhabi Investment Office signed a strategic cooperation agreement with Prudential Financial in the United States of America, one of the most prominent international companies in the field of financial solutions and investment management, with the aim of developing the fields of long-term retirement savings, income solutions and reinsurance in the Emirate of Abu Dhabi.
The partnership was announced during the activities of Abu Dhabi Financial Week 2025, as Prudential Financial joins the Financial Technology, Insurance, Digital and Alternative Assets (FIDA) cluster, the strategic cluster whose establishment efforts are led by the Department of Economic Development – Abu Dhabi and the Abu Dhabi Investment Office to advance efforts to strengthen the financial system in Abu Dhabi.
This cooperation is based on developing the fields of insurance and reinsurance, in addition to launching new tools for managing investments, retirement savings and income solutions to serve institutions and individuals alike.
Prudential has a proven global track record in asset management through its global investment management arm, PGIM, in addition to its leading capabilities in life insurance, retirement, and risk management through its subsidiaries in the insurance sector. Prudential Financial’s client base includes SMEs, investors, international companies and pension funds.
The cooperation will allow the company to expand its presence in Abu Dhabi, taking advantage of the modern and practical regulatory environment in the emirate, in addition to its global partnerships with capital and investment portfolios.
Abu Dhabi Investment Office and Prudential will work together to enhance collaboration with local financial institutions to develop financial solutions tailored to meet the needs of the region, including scalable investment and retirement solutions tailored to the UAE and the GCC region in general. This cooperation will also support the development of savings and reinsurance strategies that contribute to adopting international best practices.
Commenting on this cooperation, His Excellency Badr Salim Sultan Al Olama, Director General of the Abu Dhabi Investment Office, said that our cooperation with “Prudential Financial” will contribute to developing advanced savings and reinsurance solutions, and strengthening the financial frameworks that support the economy, and through the Financial Technologies, Insurance, Digital and Alternative Assets (FIDA) complex, we will contribute to building an innovative financial system that brings together regulators, international institutions, universities and innovators, in a way that supports the vision of the “Falcon Economy” and achieves a long-term impact in the region, to ensure the consolidation of leadership. Abu Dhabi is part of the global financial sector and developing financial solutions that support the emirate’s economic transformation.
Under the agreement, Abu Dhabi Investment Office will work with Prudential Financial to build expertise in the financial services sector in Abu Dhabi. Their joint efforts with local universities and research institutions will contribute to developing talent in the fields of insurance, risk management and financial planning, which are key areas for enhancing the sector’s long-term resilience and increasing its competitiveness.
This partnership represents a qualitative leap aimed at expanding the horizons of joint cooperation, and contributes to consolidating Abu Dhabi’s position as a leading center for innovation in the insurance sector at the regional and international levels.
By benefiting from Prudential Financial’s global expertise in the fields of retirement, insurance, reinsurance and asset management, the partnership seeks to expand the scope of exchanging international best practices and enable Abu Dhabi to enhance the growth of its exports of financial services and consolidate its presence in global markets.
For his part, Dylan Tyson, Head of the Global Retirement Center of Excellence at Prudential Financial, stressed the importance of this partnership and its contribution to enhancing Abu Dhabi’s advanced vision for financial innovation. He added that, in cooperation with the Abu Dhabi Investment Office, Prudential’s work in the fields of retirement and reinsurance is committed to working with BGIM to develop systems and solutions that support families, institutions and economies for generations to come.
In turn, Mohammed Abdul Malik, President of the Middle East Region at PGIM, said: We are confident that this distinguished work, which benefits from the full range of Prudential’s capabilities in addition to PGIM’s expertise in asset management and our current work in the region, will contribute to enhancing growth, economic development and financial security in Abu Dhabi, and based on our current partnership with the Abu Dhabi Investment Office and the RealAssetX innovation platform, this cooperation confirms our commitment to deepening partnerships and providing innovative solutions that enhance The financial sector system in the emirate.
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