Money and business

The 50th anniversary of the founding of the Abu Dhabi Investment Authority is an important historical milestone in the emirate’s journey

His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council of the Emirate of Abu Dhabi, confirmed that the fiftieth anniversary of the founding of the Abu Dhabi Investment Authority represents a prominent historical milestone in the comprehensive economic transformation process led by the emirate, under the wise leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, “may God protect him,” which reflects the success of its investment approach based on the foundations of institutional management, knowledge and innovation.

On this occasion, His Highness pointed out that the establishment of the Abu Dhabi Investment Authority in 1976 came from a wise forward-looking vision of the wise leadership, which aimed to manage the emirate’s long-term investments according to advanced principles and standards, in support of the sustainability of economic prosperity, and to preserve the gains of decades of comprehensive development for present and future generations.

His Highness praised the efforts of the Abu Dhabi Investment Authority, which is one of the largest sovereign wealth funds in the world, to continue to enhance its presence and influence in the international investment scene by developing innovative investment platforms, employing the latest technological solutions and artificial intelligence techniques, in addition to applying the best institutional practices in asset and investment management, as part of its efforts to support the stability of regional and international markets, and to consolidate Abu Dhabi’s position as a global center for attracting capital and investors.

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