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]
Zayed International Airport, also known as Abu Dhabi International Airport, is the primary international airport serving Abu Dhabi, the capital of the United Arab Emirates (UAE). It is the second busiest airport in the UAE after Dubai International Airport, and is the hub for Etihad Airways as well as an operating base for Wizz Air Abu Dhabi and Air Arabia Abu Dhabi.
Etihad Airways is one of two flag carriers of the United Arab Emirates, alongside Emirates. Its head office is in Khalifa City, Abu Dhabi, near Zayed International Airport. The airline commenced operations in November 2003, and is the second-largest airline in the UAE after Emirates. The name Etihad is the Arabic word 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 current Premier League and UEFA Champions League winners Manchester City F.C.
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 is responsible for development of Masdar City, which headquarters the International Renewable Energy Agency.
The Abu Dhabi National Oil Company, known by its acronym 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 city of the United Arab Emirates (UAE). The city is the seat of the Abu Dhabi Central Capital District, the capital city of the Emirate of Abu Dhabi, and the UAE's second-most populous city after Dubai.
The Abu Dhabi Investment Council is one of the investment arms of the government of Abu Dhabi. It started operations in April 2007, as a spin-off of the Abu Dhabi Investment Authority (ADIA). ADIC is responsible for investing the government's surplus, targeting positive capital returns through diversified asset classes and active investments. In March 2018, Abu Dhabi Executive Council issued a law reorganising ADIC under the ownership of Mubadala.
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.
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 Zayed International Airport, Abu Dhabi, United Arab Emirates.
Group 42 Holding Ltd, doing business as G42, is an Emirati artificial intelligence (AI) development holding company based in Abu Dhabi, 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 had 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. As of February 2024, G42 divested its stakes in China.
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.
The International Holding Company(IHC) is a holding company headquartered in Abu Dhabi, United Arab Emirates, which manages a diversified portfolio of domestic and foreign investments. The conglomerate is said to have close ties to the Abu Dhabi ruling dynasty. The chairman of the company is Sheikh Tahnoon bin Zayed al-Nahyan, who also serves as the country's National Security Advisor and manages two sovereign wealth funds.
