Abu Dhabi Investment Office (ADIO) and ITOCHU Corporation, a major Japanese trading and investment firm, have agreed to help ITOCHU’s portfolio companies expand into Abu Dhabi.
The agreement was signed during the Abu Dhabi Investment Forum (ADIF) in Tokyo.
The partnership will help ITOCHU’s companies enter and grow in Abu Dhabi’s key industries, such as advanced manufacturing, agri-tech, clean energy, healthcare, ICT, and logistics. They will also look for ways to work with Abu Dhabi investors on joint projects and investments that promote innovation and sustainable growth in the region.
ITOCHU portfolio companies will receive full support from ADIO to help them set up and grow their businesses in Abu Dhabi. This support will be tailored to meet their specific needs.
At the same time, the partnership will promote knowledge-sharing and create skills-building programs. These programs will help develop local Emirati talent and strengthen key industries in Abu Dhabi.
The agreement highlights ITOCHU’s increasing involvement in driving industrial innovation and supporting the UAE’s Net Zero 2050 goal.
In 2023, ITOCHU worked with EMSTEEL Group and AD Ports Group to conduct a feasibility study for creating a low-carbon iron supply chain in Abu Dhabi. This initiative helps strength Abu Dhabi’s role as a leader in sustainable industrial development.
His Excellency Badr Al Olama, Director General, ADIO, said: “Our collaboration with ITOCHU reflects the confidence of investors in Abu Dhabi as an ambition for a global platform for growth.
We connect ambitious Japanese investors with opportunities emerging across Abu Dhabi’s priority sectors. More broadly, this partnership bolsters the strength of cooperation between Japan and Abu Dhabi’s private sectors, transforming alignment into action for long-term partnership.”
Kenji Otsuka, CEO of Middle East Bloc, ITOCHU Corporation, said: “Abu Dhabi presents a compelling platform for expansion, combining progressive regulations, advanced manufacturing, and a clear vision for sustainable economic development. Through this partnership, we aim to support our portfolio companies in capturing the opportunities Abu Dhabi offers across critical sectors while enabling ITOCHU to deliver tangible growth for our partners and contribute to the success of Abu Dhabi’s economic transformation.”
The partnership shows how important the forum is in helping create strategic collaborations and boosting economic development. ADIF brings together global leaders, investors, and family offices offering a platform for forming partnerships that encourage innovation, strengthen financial ties, and create opportunities for long-term growth.
The partnership between ADIO and ITOCHU will help speed up Abu Dhabi’s efforts in diversifying and growing its economy by connecting global investments with key areas like innovation and advanced industries.
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