In a pivotal board meeting chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, ADQ (Abu Dhabi Developmental Holding Company) set the stage for its ambitious roadmap to drive future growth, solidify its position in critical sectors, and accelerate the transformation of the UAE’s economic landscape. The board meeting, a high-profile gathering of ADQ’s leadership team, served as a platform to review the company’s impressive financial performance, track strategic acquisitions, and lay out visionary plans for expanding investments in key sectors like energy, transport, and artificial intelligence (AI).
A significant highlight of the meeting was the discussion surrounding ADQ’s $35 billion investment in transforming Ras El-Hekma, a coastal gem in Egypt, into a world-class tourism and economic hub. This mega-project reflects ADQ’s commitment to regional prosperity and its role in fostering cross-border collaborations that drive sustainable development. The Ras El-Hekma initiative is just one example of how ADQ is diversifying its portfolio and leveraging regional opportunities to generate value for Abu Dhabi and beyond.
The meeting also delved into ADQ’s continuous investments in energy and infrastructure. The recent developments in the energy sector, such as the operationalization of Unit 4 at the Barakah Nuclear Energy Plant, which generates 40 terawatt hours of carbon-free electricity annually, are testament to ADQ’s commitment to sustainability and to supporting the UAE’s ambitious Net Zero 2050 goals. In the transport sector, ADQ’s investments in ports and airports are enhancing the region’s connectivity, positioning Abu Dhabi as a vital global trade hub.
Looking ahead, ADQ’s AI strategy takes center stage, with plans to integrate advanced technologies across its diverse portfolio. As the company seeks to harness the power of data and automation, ADQ’s embrace of AI will shape the future of its operations, propelling innovation and operational efficiency.
Under Sheikh Tahnoon’s leadership, ADQ is boldly driving Abu Dhabi’s economic vision and transforming key sectors with a forward-looking approach, ensuring sustainable growth, resilience, and global competitiveness in the years to come.
