Overview
In 2019, the Abu Dhabi government transferred to ADDH its shareholdings in twofour54, Abu Dhabi Power, Abu Dhabi Health Services Company (SEHA), Daman, AD Ports Group, Etihad Rail, Abu Dhabi Airports Company, Abu Dhabi National Exhibition Centre, ZonesCorp, Abu Dhabi Media Company, and Abu Dhabi Sewerage Service Company, followed in 2020 with Image Nation, National Marine Dredging Company, Emirates Water and Electricity Company, General Holding Corporation (Senaat), Abu Dhabi Securities Exchange and Emirates Nuclear Energy Corporation, and in late 2022 with Etihad Airways. [4]
Also in 2020, ADQ created Wizz Air Abu Dhabi, a majority-owned joint venture with Wizz Air. That same year, it acquired a 20 percent stake in retail group LuLu Group International and a 50 percent stake in Al Dahra Agricultural Company, a 22 percent stake in Aramex, and a significant stake in Louis Dreyfus Company. [4] As of late 2023, ADQ had $159 billion in total assets. [5]
As of 2021, the chairman of ADQ was Tahnoun bin Zayed Al Nahyan. [6]
Abu Dhabi International Airport is the primary international airport serving Abu Dhabi, the capital of the United Arab Emirates. The airport is also the primary airport serving the homonymous emirate of Abu Dhabi. The airport is the second busiest in the UAE after Dubai International Airport, and is the hub of Etihad, the UAE's second largest flag carrier, as well as Wizz Air Abu Dhabi and Air Arabia Abu Dhabi.
Etihad Airways is one of two flag carriers of the United Arab Emirates, along with Emirates. Its head office is in Khalifa City, Abu Dhabi, near Abu Dhabi International Airport. Etihad commenced operations in November 2003. It is the second-largest airline in the UAE after Emirates. The name Etihad is Arabic for 'Union'.
The Abu Dhabi Investment Authority is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves and is estimated to manage $853 billion. ADIA is one of the largest sovereign wealth funds in the world.
Sheikh Mansour bin Zayed bin Sultan Al Nahyan, often referred to as Sheikh Mansour, is an Emirati royal and politician who is the current vice president and deputy prime minister of the United Arab Emirates, as well as the minister of presidential court and member of the ruling family of Abu Dhabi. He is the brother of the current president of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, and is married to Sheikha Manal bint Mohammed Al Maktoum, daughter of Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. A billionaire, through City Football Group he holds stakes in a variety of football clubs, including Manchester City FC.
Masdar (Arabic:مصدر), also known as the Abu Dhabi Future Energy Company, is an Emirati state-owned renewable energy company. It was founded and chaired by Sultan Al Jaber in 2006 as a subsidiary of Mubadala Investment Company. The company offers clean energy development and sustainable urban development. The company is responsible for development of Masdar City, which is the headquarters of International Renewable Energy Agency.
The Abu Dhabi National Oil Company, known by its abbreviation ADNOC, is the state-owned oil company of the United Arab Emirates (UAE).
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank.
Mubadala Investment Company PJSC, or simply Mubadala, is an Emirati state-owned holding company that acts as one of the sovereign wealth funds of the Emirate of Abu Dhabi. The company was established in 2017 when then-named Mubadala Development Company and the International Petroleum Investment Company (IPIC) merged.
Abu Dhabi is the capital of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. Abu Dhabi is the UAE's second-most populous city after Dubai.
The Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. It started operations in April 2007 and is responsible for investing part of the government's surplus financial resources through a globally diversified investment strategy, targeting positive Capital returns through an expansive Portfolio of highly diversified asset classes and active investment management strategies.
Khaldoon Khalifa Al Mubarak is an Emirati Government official and business leader. Al Mubarak holds senior positions within the Government of Abu Dhabi, including as a member of the Executive Council since 2006, a member of the Supreme Council for Financial and Economic Affairs, and as the founding chairman of the Executive Affairs Authority. He fulfills responsibilities for the UAE Federal government and has served as Presidential Special Envoy to the People's Republic of China since 2018.
LuLu Group International is an Emirati-based multinational conglomerate company that operates a chain of hypermarkets and retail companies, headquartered in Abu Dhabi, United Arab Emirates. It was founded in 2000 by M. A. Yusuff Ali from Nattika in Kerala, India. The Group mainly operates "Lulu Hypermarket", a chain of hypermarkets that ranks among the top grocers in many of the markets it operates in. LuLu has over 65,000 employees of various nationalities.
Sheikh Hamed bin Zayed Al Nahyan is an Emirati businessman and managing director of Abu Dhabi Investment Authority. He is a member of the Al Nahyan, ruling family of Abu Dhabi.
AD Ports Group is the exclusive developer and regulator of ports and related infrastructure in Abu Dhabi.
Abdulla bin Mohamed Al Hamed was the Chairman of the Department of Health in the Emirate of Abu Dhabi and a member of Abu Dhabi Executive Council
Tahnoun bin Zayed Al Nahyan is the son of Zayed bin Sultan Al Nahyan, the founder of the United Arab Emirates. Since 2016 he has served as the National Security Advisor of UAE. At the same time he manages a business portfolio, which supports national security interests and the UAE's opaque corporate sector. He chairs G42. The 2021 Pandora Papers revealed how he and his wife use shell companies to conceal their wealth.
Wizz Air Abu Dhabi is an Emirati low-cost airline based at Abu Dhabi International Airport, UAE. The airline is a joint venture with state-owned Abu Dhabi Developmental Holding Company (ADQ), which owns 51 percent with Wizz Air Holdings owning the remaining 49 percent. Flights began in November 2020 with two Airbus A321neo aircraft, rising to 50 over the next few years.
Group 42 Holding Ltd, operating under the business as G42, is an AI development holding company based in Abu Dhabi, UAE, founded in 2018. The organization is focused on AI development across various industries including government, healthcare, finance, oil and gas, aviation, and hospitality. Tahnoun bin Zayed Al Nahyan, UAEs national security advisor is the controlling shareholder and chairs the company. Because G42 has strong ties to China U.S. authorities have been concerned that G42 serves as a channel through which sophisticated U.S. technology is diverted to Chinese companies or the government.
The Trojan Construction & Holding Group, is a UAE based construction company headquartered in Abu Dhabi, United Arab Emirates. It was founded in the year 2012 by Eng. Hamad Al Ameri. It is a subsidiary and construction vertical of Alpha Dhabi Holding.
