Abu Dhabi Development Holding adds 14 companies to its portfolio

Wogfa for Emirates News Agency, recent additions to the holding portfolio / ADQ /; General Holding Company PJSC / Industries /, whose subsidiaries operate in a variety of sectors including food, agriculture and industrial assets, including Agthia Group PJSC Al-Foah Company, National Petroleum Construction Company, Emirates Steel Industries Company PJSC, Dubai Cables Company / Privacy / Limited / Ducab / Arkan Building Materials Company PJSC

To enhance its commitment to the development of the tourism sector in Abu Dhabi, the shares of many famous hotels, facilities and tourism companies in Abu Dhabi were also transferred to the Holding Portfolio / ADQ /, including the Sarab Palace Hotel, Anantara Al Yam Villas Resort, Anantara Al Sahel Villas Resort, Desert Islands Resort and Spa, and a company Emirates Pearl for Development and Investment, B2B Hotels and Real Estate, Park Tourism Investment and Assets Investment and Tourism, and Qaryat Al Beri Resort Development Company.

This comes in the wake of the company’s recent statement in which it announced the conclusion of a final agreement with Waze Air Holding, the largest budget airline in Europe, to launch a new joint venture company for economic aviation named Waze Air Abu Dhabi.

Other companies that have been added to the holding portfolio include / ADQ /; the Abu Dhabi Stock Exchange, and Image Nation Abu Dhabi, in addition to shares in National Marine Dredging Company PJSC and Emirates Driving Company PJSC

The expansion of ADQ Holding's portfolio will further focus its activities in developing key sectors such as industries, food, agriculture, media, financial services, tourism and hospitality in the emirate, as this complements the current business of the company that is active in the utilities, transportation, logistics, aviation, real estate and healthcare sectors.

His Excellency Mohammed Hassan Al Suwaidi, CEO of Holding Company / ADQ / said: According to this announcement, ADQ Holding strengthens its mission to bring together the most vital and ambitious companies under its umbrella, which qualifies us to work strongly and effectively in enhancing the performance and value of these companies and raising the level of their contribution to Abu Dhabi community growth.

He added: We aim from this practically to enable these companies through activating cooperation to reach excellence in the level of productivity, efficiency and quality, which will help our companies to enhance the level of their operations in highly competitive markets and sectors at home and abroad, and each of these companies has succeeded in achieving its position And prove their worth in our society and in the regional markets, and we seek to move forward to achieve more excellence in the areas of their activities.

Al Suwaidi said: In addition to supporting the government's strategic efforts seeking economic diversification, it is in line with ...