Home Business ADIA, ADQ sign ‘Rabat Declaration’ to support first Africa Sovereign Investors Forum

ADIA, ADQ sign ‘Rabat Declaration’ to support first Africa Sovereign Investors Forum

by Dubai Forum
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RABAT, 21st June, 2022 (WAM) — The Abu Dhabi Investment Authority (ADIA) and ADQ, the Abu Dhabi-based investment and holding company, have signed the “Rabat Declaration” extending support to the first Africa Sovereign Investors Forum (ASIF), organised by Ithmar Capital, Morocco’s sovereign strategic investment fund.

The Declaration acknowledges “the establishment of ASIF as a facilitator and a catalyser of bankable investment opportunities”.

The event brought together the region’s leading Sovereign Wealth Funds (SWFSs) to discuss and drive transformational development projects and strengthen inter-Africa relations.

Held in Rabat under the patronage of His Majesty King Mohammed VI of Morocco, ASIF sets the foundation for improved collaboration among multiple stakeholders to forge multidimensional partnerships that will contribute to the socio-economic progress of the continent.

All the main African sovereign wealth funds participated in the forum and signed a memorandum of understanding to activate continuous dialogue and develop transformational and concrete investment projects.

In addition to ADIA and ADQ, Kuwait Investment Authority (KIA) and Qatar Investment Authority (QIA) were among the entities from the GCC that attended the inaugural ceremony.

ADIA, ADQ and KIA expressed their confidence in ASIF’s framework for unlocking investment opportunities that meet the requirements of international investors while stimulating economic development in Africa for the benefit of its future generations.

WAM/Khoder Nashar/MOHD AAMIR

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