Sovereign Wealth Funds Abu Dhabi ADQ & Azerbaijan Investment Holding Form $1 Billion Joint Venture with $500 Million Each to Invest in Sectors of Mutual Priority & Interest Including Agriculture, Technology, Pharmaceuticals & Energy Infrastructure, Focusing on Azerbaijan, UAE & Central Asia with Potential to Expand to Other Countries
27th December 2023 | Hong Kong
Sovereign wealth funds Abu Dhabi-based ADQ & Azerbaijan Investment Holding (AIH) have form a $1 billion joint venture ($500 million each) to invest in sectors of mutual priority & interest including agriculture, technology, pharmaceuticals & energy infrastructure, in Azerbaijan, UAE & Central Asia with potential to expand to other countries. Announcement: “ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in Baku, have announced the formation of a joint venture with the aim of investing in sectors of mutual priority and interest, such as agriculture, technology, pharmaceuticals and energy infrastructure. The platform will seek and leverage investment opportunities with the goal of generating sustainable financial returns on deployed capital. Investments will primarily be concentrated in Azerbaijan, the UAE, and Central Asia, with the potential to expand to other countries. ADQ and AIH will each hold a 50 percent interest in the joint venture, with each party committing USD 500 million to the platform.” More info below:
“ Sovereign Wealth Funds Abu Dhabi ADQ & Azerbaijan Investment Holding Form $1 Billion Joint Venture with $500 Million Each to Invest in Sectors of Mutual Priority & Interest Including Agriculture, Technology, Pharmaceuticals & Energy Infrastructure, Focusing on Azerbaijan, UAE & Central Asia with Potential to Expand to Other Countries “
H.E. Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer at ADQ: “The establishment of this joint investment platform not only strengthens the bilateral ties between our two countries but also underscores ADQ’s commitment to fostering meaningful partnerships in strategic markets that align with our investment priorities. We are confident in the value and expertise we bring as an asset owner to the platform, which has the potential to unlock growth opportunities in sectors that play a key role in the development of target geographies.”
H.E. Mikayil Jabbarov, Minister of Economy of the Republic of Azerbaijan, Member of the Supervisory Board at AIH: “This partnership reflects the significance of economic, political and commercial relationships between the two countries. The new fund will serve as an instrument of implementation of joint projects aimed at long-term development of both respective countries and the wider region.”
Sovereign Wealth Funds Abu Dhabi ADQ & Azerbaijan Investment Holding Form $1 Billion Joint Venture with $500 Million Each to Invest in Sectors of Mutual Priority & Interest Including Agriculture, Technology, Pharmaceuticals & Energy Infrastructure
15th December 2023 – ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in Baku, have announced the formation of a joint venture with the aim of investing in sectors of mutual priority and interest, such as agriculture, technology, pharmaceuticals and energy infrastructure.
- The platform will seek and leverage investment opportunities with the goal of generating sustainable financial returns on deployed capital. Investments will primarily be concentrated in Azerbaijan, the UAE, and Central Asia, with the potential to expand to other countries.
- ADQ and AIH will each hold a 50 percent interest in the joint venture, with each party committing USD 500 million to the platform.
- Established in 2020, AIH is a strategic fund entrusted with enhancing the management and operation of state-owned enterprises under its purview. Through its investments and initiatives, AIH actively participates in the long-term development and prosperity of Azerbaijan, which is further strengthened by the formation of this joint venture.
- ADQ is poised to contribute to the platform through its investment acumen, which encompasses key sectors of its economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics.
- Since 1992, the UAE and the Republic of Azerbaijan have maintained robust economic relations, marked by a more than threefold increase in the value of their non-oil trade over the past five years. The two countries continue to explore areas of mutual interest.
Azerbaijan Investment Holding (AIH)
Established in 2020, AIH is a strategic fund entrusted with enhancing the management and operation of state-owned enterprises under its purview. Through its investments and initiatives, AIH actively participates in the long-term development and prosperity of Azerbaijan, which is further strengthened by the formation of this joint venture.
ADQ
Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.
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