emirates7 - His Highness 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 ADQ board meeting.
Sheikh Tahnoon praised ADQ’s ongoing efforts to bolster economic resilience and sustainable development in line with the visionary leadership of President Sheikh Mohamed bin Zayed Al Nahyan. He also acknowledged ADQ’s vital role in supporting the UAE’s digital transformation and economic diversification through strategic investments and partnerships across international markets.
During the meeting, the board reviewed ADQ’s strong financial performance for the first quarter of 2025. They also received a detailed summary of key recent transactions, including ADQ’s acquisition of Aramex via a successful voluntary tender offer, pending completion of the deal. Aramex will become a core part of ADQ’s Transport and Logistics cluster, enhancing end-to-end supply chain integration and complementing existing investments.
The board was updated on the strategic importance of ADQ’s $25 billion investment partnership with Energy Capital Partners, the largest private owner of power generation and renewable assets in the US. This partnership aims to develop new power infrastructure across the US to meet rising electricity demand from data centers fueled by AI growth, while also supporting broader energy expansion.
Other significant milestones discussed included the launch of Gridora, a joint venture formed in April by ADQ, IHC, and Modon Holding to drive infrastructure development through public-private partnerships. Operating under Modon Holding, Gridora will work with specialized partners and capital providers to deliver large-scale, high-impact infrastructure projects.
In the same month, ADQ, IHC, and First Abu Dhabi Bank announced plans to launch a dirham-backed stablecoin, regulated by the UAE Central Bank. This initiative aims to simplify payments and transactions locally and internationally, reinforcing the UAE’s leadership in fintech and digital infrastructure.
In May, ADQ completed its third debt capital markets issuance by launching a $2 billion dual-tranche bond to diversify funding and strengthen financial resilience. The issuance, which attracted broad institutional interest across Asia, the US, the Middle East, the UK, and Europe, was oversubscribed over 3.5 times, signaling strong investor confidence in ADQ’s creditworthiness and long-term strategy.
The board was also briefed on ADQ’s role in advancing the UAE’s National Strategy for Artificial Intelligence 2031 and Abu Dhabi’s related agenda. ADQ has launched the Sprint AI program to promote innovation, digital transformation, and AI adoption. The program focuses on three pillars: developing advanced data infrastructure and governance; supporting AI research, adoption, and commercialization across sectors; and fostering innovative proof-of-concept projects and pilots. Early adopters include Silal, AD Ports Group, and Agthia Group.
Portfolio updates included energy and utilities progress, where TAQA and EWEC agreed to develop new energy infrastructure aligned with the UAE’s AI 2031 and Net Zero 2050 goals. TAQA signed a 24-year power purchase agreement with EWEC to develop the one-gigawatt Al Dhafra open-cycle gas turbine project.
In food and agriculture, Silal partnered with Shouguang Vegetable Industry Group to build a 100,000 sqm agritech hub in Al Ain, utilizing AI and robotics to improve efficiency and sustainability.
In sustainable manufacturing, EMSTEEL, a major UAE steel producer, teamed with MediSun Energy to launch a pioneering initiative converting desalination brine into renewable blue energy and magnesium carbonate, supporting innovation, decarbonization, and resource efficiency goals.
During the meeting, board members utilized ADQ’s AI Board Advisor, an advanced AI tool integrating multiple technologies to assist decision-making with expert insights and strategic recommendations.
Mohamed Hassan Alsuwaidi, ADQ’s Managing Director and Group CEO, stated, “Under the visionary guidance of His Highness Sheikh Tahnoon bin Zayed Al Nahyan, ADQ continues to reinforce Abu Dhabi’s economic resilience through strategic investments in infrastructure and supply chains. The recent achievements demonstrate our commitment to strengthening the emirate’s foundations, fostering growth in key sectors, and generating value for our shareholder.”
The board reaffirmed its dedication to advancing ADQ’s role as a strategic driver of Abu Dhabi’s economic diversification and global competitiveness.
The meeting included attendees such as H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Jassem Mohamed Bu Ataba Alzaabi, Mohamed Hassan Alsuwaidi, Mohamed Mubarak Fadel Al Mazrouei, Dr. Ahmed Mubarak Al Mazrouei, Sheikh Abdullah bin Mohamed Al Hamed, and Kaj-Erik Relander.
Sheikh Tahnoon praised ADQ’s ongoing efforts to bolster economic resilience and sustainable development in line with the visionary leadership of President Sheikh Mohamed bin Zayed Al Nahyan. He also acknowledged ADQ’s vital role in supporting the UAE’s digital transformation and economic diversification through strategic investments and partnerships across international markets.
During the meeting, the board reviewed ADQ’s strong financial performance for the first quarter of 2025. They also received a detailed summary of key recent transactions, including ADQ’s acquisition of Aramex via a successful voluntary tender offer, pending completion of the deal. Aramex will become a core part of ADQ’s Transport and Logistics cluster, enhancing end-to-end supply chain integration and complementing existing investments.
The board was updated on the strategic importance of ADQ’s $25 billion investment partnership with Energy Capital Partners, the largest private owner of power generation and renewable assets in the US. This partnership aims to develop new power infrastructure across the US to meet rising electricity demand from data centers fueled by AI growth, while also supporting broader energy expansion.
Other significant milestones discussed included the launch of Gridora, a joint venture formed in April by ADQ, IHC, and Modon Holding to drive infrastructure development through public-private partnerships. Operating under Modon Holding, Gridora will work with specialized partners and capital providers to deliver large-scale, high-impact infrastructure projects.
In the same month, ADQ, IHC, and First Abu Dhabi Bank announced plans to launch a dirham-backed stablecoin, regulated by the UAE Central Bank. This initiative aims to simplify payments and transactions locally and internationally, reinforcing the UAE’s leadership in fintech and digital infrastructure.
In May, ADQ completed its third debt capital markets issuance by launching a $2 billion dual-tranche bond to diversify funding and strengthen financial resilience. The issuance, which attracted broad institutional interest across Asia, the US, the Middle East, the UK, and Europe, was oversubscribed over 3.5 times, signaling strong investor confidence in ADQ’s creditworthiness and long-term strategy.
The board was also briefed on ADQ’s role in advancing the UAE’s National Strategy for Artificial Intelligence 2031 and Abu Dhabi’s related agenda. ADQ has launched the Sprint AI program to promote innovation, digital transformation, and AI adoption. The program focuses on three pillars: developing advanced data infrastructure and governance; supporting AI research, adoption, and commercialization across sectors; and fostering innovative proof-of-concept projects and pilots. Early adopters include Silal, AD Ports Group, and Agthia Group.
Portfolio updates included energy and utilities progress, where TAQA and EWEC agreed to develop new energy infrastructure aligned with the UAE’s AI 2031 and Net Zero 2050 goals. TAQA signed a 24-year power purchase agreement with EWEC to develop the one-gigawatt Al Dhafra open-cycle gas turbine project.
In food and agriculture, Silal partnered with Shouguang Vegetable Industry Group to build a 100,000 sqm agritech hub in Al Ain, utilizing AI and robotics to improve efficiency and sustainability.
In sustainable manufacturing, EMSTEEL, a major UAE steel producer, teamed with MediSun Energy to launch a pioneering initiative converting desalination brine into renewable blue energy and magnesium carbonate, supporting innovation, decarbonization, and resource efficiency goals.
During the meeting, board members utilized ADQ’s AI Board Advisor, an advanced AI tool integrating multiple technologies to assist decision-making with expert insights and strategic recommendations.
Mohamed Hassan Alsuwaidi, ADQ’s Managing Director and Group CEO, stated, “Under the visionary guidance of His Highness Sheikh Tahnoon bin Zayed Al Nahyan, ADQ continues to reinforce Abu Dhabi’s economic resilience through strategic investments in infrastructure and supply chains. The recent achievements demonstrate our commitment to strengthening the emirate’s foundations, fostering growth in key sectors, and generating value for our shareholder.”
The board reaffirmed its dedication to advancing ADQ’s role as a strategic driver of Abu Dhabi’s economic diversification and global competitiveness.
The meeting included attendees such as H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Jassem Mohamed Bu Ataba Alzaabi, Mohamed Hassan Alsuwaidi, Mohamed Mubarak Fadel Al Mazrouei, Dr. Ahmed Mubarak Al Mazrouei, Sheikh Abdullah bin Mohamed Al Hamed, and Kaj-Erik Relander.