In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, and Turkish President President Recep Tayyip Erdogan, ADQ has signed landmark partnerships with the Turkey Wealth Fund, the Turkey Investment Office, and CCN Holding to accelerate priority sectors in the UAE and Turkey.
The agreement between ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, and the Turkey Wealth Fund will see the partners establish a fund to co-invest in tech companies in Turkey, and to invest in companies with high-growth potential and emerging technologies.
Through its partnership with Turkey Investment Office, ADQ will identify potential investments in key sectors, including energy and utilities, healthcare and pharma, food and agriculture, and mobility and logistics.
ADQ’s agreement with CCN Holding will enable the partners to explore investment opportunities in PPP hospitals and medical facilities in Turkey.
The signing of the agreements, which took place during His Highness Mohamed bin Zayed’s official visit to Turkey, were among a series of strategic partnerships formed between Turkish and UAE organisations, including one between AD Ports Group and the Turkey Wealth Fund (TVF) to invest in logistics projects in Turkey; and another between Abu Dhabi Securities Exchange (ADX) and Borsa Istanbul to further develop the financial services sector in the UAE and Turkey.