Abu dhabi: H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Member of the Supreme Council for Financial and Economic Affairs (SCFEA), chaired the recent board meeting of ADQ. The meeting focused on reviewing ADQ's financial performance for the first quarter of 2025 and discussing key strategic initiatives aimed at bolstering the economic resilience and sustainable development of Abu Dhabi.
According to Emirates News Agency, the board assessed significant transactions from the previous quarter, including ADQ's acquisition of Aramex. This acquisition will enhance ADQ's Transport and Logistics cluster, integrating supply chain operations and complementing existing investments. Additionally, the board explored the strategic implications of a US$25 billion investment partnership with Energy Capital Partners to develop power generation infrastructure in the US.
The meeting also highlighted the launch of Gridora, a joint venture by ADQ, IHC, and Modon Holding, to advance infrastructure projects through private and public-private partnerships. Furthermore, ADQ, IHC, and First Abu Dhabi Bank announced a dirham-backed stablecoin initiative, aiming to streamline payments and business transactions, reinforcing the UAE's fintech position.
In May, ADQ issued a US$2 billion dual-tranche bond to diversify funding and support growth capital projects aligned with its long-term strategy. This issuance was oversubscribed, reflecting strong investor confidence in ADQ's credit fundamentals.
The board reviewed ADQ's involvement in the UAE's National Strategy for Artificial Intelligence 2031. The Sprint AI programme was launched to promote innovation and AI adoption, with initial participants including Silal, AD Ports Group, and Agthia Group.
Key achievements in ADQ's portfolio were discussed, such as TAQA and EWEC's development of energy infrastructure supporting AI and Net Zero 2050 goals. In agriculture, Silal partnered with Shouguang Vegetable Industry Group to create an agritech hub in Al Ain. In sustainable manufacturing, EMSTEEL collaborated with MediSun Energy on a renewable energy initiative.
The board utilized the AI Board advisor for strategic decision-making, underscoring ADQ's commitment to innovation. Mohamed Hassan Alsuwaidi, Managing Director and Group CEO of ADQ, emphasized that the achievements align with the emirate's growth and economic diversification goals.
The meeting was attended by several key figures, including H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan and other board members.