The Abu Dhabi Development Company (ADQ) announced that it has signed a Memorandum of Understanding (MoU) with the International Finance Corporation (IFC) to identify and pursue strategic, high-impact development projects in emerging markets globally.
Publish dateThursday 13 February 2025 - 14:06
According to Amac News, ADQ announced that the MoU establishes a framework for cooperation to leverage capital and expertise for impact investments. Under the agreement, ADQ and IFC will explore joint investment opportunities in key sectors.
IFC is a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets. It specializes in attracting commercial capital for sustainable investments. ADQ also has experience in infrastructure development and supply chain resilience.
Working together, ADQ and IFC will identify and develop projects that enhance food security, promote agricultural innovation, and strengthen health infrastructure.
In addition, ADQ and IFC will explore opportunities for joint collaboration in critical infrastructure investments such as energy security and sustainability, transport and logistics, and real estate and urban development to help strengthen the economic resilience of target countries, improve quality of life, and increase connectivity and competitiveness in a dynamic global landscape.
“The partnership with IFC reflects our shared commitment to creating sustainable value and impact in emerging and developing markets. Our vision is to drive transformative infrastructure projects.”
“This partnership underscores the UAE’s leadership in driving South-South investments, strengthening economic cooperation, and creating opportunities globally,” said Mohammed Hassan Al Suwaidi, CEO and President of ADQ Group. "By combining IFC's global expertise and ADQ's strategic investments, we aim to attract private capital and accelerate transformative, long-term development in key sectors in emerging markets."
IFC is a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets. It specializes in attracting commercial capital for sustainable investments. ADQ also has experience in infrastructure development and supply chain resilience.
Working together, ADQ and IFC will identify and develop projects that enhance food security, promote agricultural innovation, and strengthen health infrastructure.
In addition, ADQ and IFC will explore opportunities for joint collaboration in critical infrastructure investments such as energy security and sustainability, transport and logistics, and real estate and urban development to help strengthen the economic resilience of target countries, improve quality of life, and increase connectivity and competitiveness in a dynamic global landscape.
“The partnership with IFC reflects our shared commitment to creating sustainable value and impact in emerging and developing markets. Our vision is to drive transformative infrastructure projects.”
“This partnership underscores the UAE’s leadership in driving South-South investments, strengthening economic cooperation, and creating opportunities globally,” said Mohammed Hassan Al Suwaidi, CEO and President of ADQ Group. "By combining IFC's global expertise and ADQ's strategic investments, we aim to attract private capital and accelerate transformative, long-term development in key sectors in emerging markets."
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Source : news agency wam
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