Sign in
The Abu Dhabi Investment Office (ADIO) had a busy week last week, with new Musataha agreements, initiatives aimed at boosting local manufacturing, and a partnership to offset carbon emissions.
RETAIL + EDUCATION-
ADIO signed Musataha agreements for new community-focused projects at an Al Multaqa quarterly meeting, according to a press release. These include:
- Misnaad Mall in Madinat Al Riyadh, which offers 1k sqm of leasable retail space;
- Pro Shops 2 in Al Ain spans 2.5k sqm, offering shopping and dining options;
- A USD 26.4 mn Shining Star International School in Al Wathba, designed to accommodate 4k students.
CARBON-NEGATIVE CEMENT PROJECT-
Sustainability efforts with Partanna: ADIO also partnered with Bahamian climate-tech firm Partanna to open a regional HQ and manufacturing plant in Abu Dhabi, according to a separate press release. The facility will use desalination by-product brine to create carbon-negative cement, offsetting nearly 8 mn tonnes of carbon dioxide annually. By 2025, the facility is set to produce up to 3 mn tonnes of cement annually, equivalent to 10% of the UAE’s cement market.
LOCAL MANUFACTURING-
ADIO signed agreements with Daikin, Takyeef Factory, Geollyto, JST, and LumenAE to develop energy-efficient cooling and lighting systems, during the Abu Dhabi Business Week, according to a press release. The agreements focus on localizing production and enhancing the industrial sector in Abu Dhabi. The partnerships cover areas such as HVAC systems, smart home technologies, and lighting solutions, with the goal of increasing local manufacturing capacity and aligning with government procurement priorities.
