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The Abu Dhabi Investment Office (ADIO) and the Australian National Reconstruction Fund Corporation (NRFC) today signed a Memorandum of Understanding (MOU) to help promote foreign direct investment and cross-border information exchange.
Under the terms of the arrangement, ADIO and NRFC will work together on strategies and initiatives that increase foreign direct investment, contribute to economic growth and promote Abu Dhabi and Australia as attractive destinations for international investment.
Australia and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement (CEPA) in November 2024 which came into force on 1 October this year. The MOU builds on the objectives of CEPA and will be signed at the United Arab Emirates (UAE) Investment Showcase in Sydney later on today.
As part of the arrangement, ADIO and the NRFC will help to facilitate investment in priority sectors by sharing information on policy settings and economic conditions in their respective markets, and by supporting one another to foster relationships with key investors and relevant government agencies.
The NRFC is Australia's sovereign investor in manufacturing capability, with a mandate to invest $15 billion across seven priority areas that will help to transform and diversify the Australian economy.
National Reconstruction Fund Corporation CEO David Gall and MOU signatory said, "The National Reconstruction Fund Corporation is pleased to be partnering with the Abu Dhabi Investment Office. In a global, interconnected world, partnerships like this are crucial to helping to increase foreign direct investment into both Australia and Abu Dhabi."
ADIO is the government vehicle responsible for supporting investors and companies to establish, grow and develop their businesses in Abu Dhabi. It provides support programs and services ranging from unlocking access to fast-growing markets and developing high-impact partnerships as well as facilitating business needs from market entry to long-term global expansion.
Mohammad Ali Al Kamali, Chief Trade and Industry Officer at ADIO said, "Through this partnership with the National Reconstruction Fund Corporation, we are deepening the ties between two dynamic markets that offer sustainable growth. Together we will unlock new opportunities for investment and innovation across sectors of the future, from new energy and advanced manufacturing to life sciences and digital technologies – ensuring mutual prosperity and lasting value for our nations and partners."
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