UAE invites Indian startups to set up hubs in Abu Dhabi

New Delhi, Mar 22 (KNN) For economic diversification of UAE, the West Asian country is looking for investment opportunities from India and has asked Indian startups to establish hubs in its capital city.

It aims to expand its business beyond hydrocarbons and is expected to not only benefit the local economy but also provide a platform for Indian companies to expand globally.

The priority sectors for investment opportunities include tourism, agritech, healthcare, pharma, and financial services.

Emphasising on the importance of growing relations between India and the UAE, Abdulla Abdul Aziz Alshamsi, the Acting Director General of Abu Dhabi Investment Office (ADIO), has pledged to provide Indian companies with all the necessary assistance to explore investment opportunities in Abu Dhabi.

He has urged Indian startups to leverage Abu Dhabi’s strategic location to expand their reach globally, and contribute to the growth of the local economy.

With Indian startups increasingly seeking investment avenues abroad, Abu Dhabi is positioning itself as an attractive destination for innovative enterprises, especially those operating in the priority sectors identified by ADIO.

He highlighted the potential of the agritech sector, especially in light of the dry and arid climate in Abu Dhabi and the Middle East.

He also emphasized the role of agritech in addressing global food security challenges.  (KNN Bureau)