Abu Dhabi Enhances Fintech Landscape with Ant International Partnership
Abu Dhabi’s Fintech Ambition
The strategic partnership between the Abu Dhabi Investment Office (ADIDO) and Ant International aims to elevate Abu Dhabi’s status as a leading financial hub. This collaboration focuses on expanding the emirate’s digital financial infrastructure and accelerating innovation within the fintech sector across borders.
Memorandum of Understanding Signed
In a significant move for Abu Dhabi’s financial sector, ADIDO has entered into a memorandum of understanding with Ant International—a global leader in digital technologies and financial technology solutions. This partnership leverages Ant International’s technological expertise to empower local businesses with advanced digital tools and connect them to global markets.
Words from ADIO’s Managing Director
Il Badr Al-Olama, the Managing Director of ADIO, emphasized the importance of this agreement, stating, “With progressive regulation, a robust digital infrastructure, and a strategic location, Abu Dhabi is a key jurisdiction for fintech companies globally. This collaboration with Ant International marks a pivotal moment in digital finance, fostering an ecosystem that supports innovation and regulatory trust.”
Empowering Local Businesses
Peng Yang, Managing Director of Ant International, noted the critical role of ADIO’s support in establishing a presence in Abu Dhabi. He stated, “This strategic collaboration is fundamental to our mission to empower local businesses, particularly SMEs, and connect them to new global growth opportunities. We are eager to contribute to the United Arab Emirates’ expanding digital economy.”
Strengthening Economic Bridges
This agreement is part of ADIDO’s broader strategy to bolster high-impact businesses in Abu Dhabi while reinforcing economic ties between Asia and the emirate. Earlier this year, ADIO also hosted the Investment Forum Abu Dhabi (ADIF) in key cities like Beijing, Shanghai, and Tokyo, further promoting capital flow, innovation, and trade.
About Abu Dhabi Investment Office (ADIDO)
ADIDO serves as the primary government vehicle driving economic growth and transformation in Abu Dhabi. The office offers comprehensive support for local and foreign investors, helping them shape the future of industries ranging from technology to public-private partnerships. By focusing on community well-being and sustainable impact, ADIDO plays a crucial role in Abu Dhabi’s economic landscape.
About Ant International
Headquartered in Singapore, Ant International operates in Asia, Europe, the Middle East, and Latin America, providing digital payment and financial technology solutions. With a commitment to fostering inclusive growth through partnerships, Ant’s Unified Techfin platform supports organizations of all sizes in accessing a robust array of digital services.
For further details, please contact:
ADIO: ADIO@EDELMAN.COM
Ant International: Joshua Way – Joshua.way@ant-intl.com