At the third meeting of the ongoing Al Multaqa series, which took place in the capital on July 3, 2024, the Abu Dhabi Investment Office (ADIO) revealed several significant agreements under its Musataha programme. The purpose of the meetings, which were started in 2023, is to interact with family offices to hasten and support Abu Dhabi’s economic expansion.
Important community centres will also be built in Ghiyathi, Al Shawamekh, and Madinat Al Riyadh. The shopping and dining hubs will cater to the needs of the residents residing in and around the emirate’s main residential areas while also promoting sustainable growth objectives.
“We are proud to be working closely with Abu Dhabi’s family offices to develop community projects that address the need for establishing key development initiatives across different areas of the emirate,” stated Mansoor Al Bastaki, Head of Musataha at ADIO, in response to the agreements. Our continued commitment to utilising public-private partnerships to improve the quality of life and wellbeing of citizens and residents throughout Abu Dhabi is reflected in the upcoming commercial centres and private school.
Abu Dhabi’s family offices are still essential to achieving the emirate’s economic goals. In order to assess the influence of family-owned or family-controlled businesses in Abu Dhabi, the United Arab Emirates University (UAEU) and the Abu Dhabi Department of Economic Development (ADDED) have collaborated to introduce the Abu Dhabi Family Business Index.
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