MarketAbu Dhabi Developmental Holding Company
Company Profile

Abu Dhabi Developmental Holding Company

Abu Dhabi Developmental Holding Company PJSC, branded ADQ after 2020, was a short-lived sovereign wealth fund based in Abu Dhabi. It was established in 2018 as a comparatively low-profile state-owned entity, acronymized ADDH at the time. After rebranding in 2020, it emerged as a major global investor. In 2023, it was among the world's top 10 sovereign funds by volume of investments. It was folded into L'imad in early 2026.

History
In 2019, the Abu Dhabi government transferred to ADDH its shareholdings in twofour54, Abu Dhabi Power, Abu Dhabi Health Services Company (SEHA), Daman, AD Ports Group, Etihad Rail, Abu Dhabi Airports Company, Abu Dhabi National Exhibition Centre, ZonesCorp, Abu Dhabi Media Company, and Abu Dhabi Sewerage Service Company, followed in 2020 with Image Nation, National Marine Dredging Company, Emirates Water and Electricity Company, General Holding Corporation (Senaat), Abu Dhabi Securities Exchange and Emirates Nuclear Energy Corporation, and in late 2022 with Etihad Airways. Also in 2020, ADQ created Wizz Air Abu Dhabi, a majority-owned joint venture with Wizz Air. That same year, it acquired a 20 percent stake in retail group LuLu Group International and a 50 percent stake in Al Dahra Agricultural Company, a 22 percent stake (now 63.16 percent) in Aramex, and a significant stake in Louis Dreyfus Company. As of 2021, the chairman of ADQ was Tahnoun bin Zayed Al Nahyan. In 2024, ADQ and the government of Egypt signed a deal for the ADQ to invest $35 billion in developing Ras el-Hekma on Egypt's Mediterranean coast. The deal grants ADQ the right to develop 130 million square metres of land, and is the largest foreign investment deal in Egypt's history. In January 2026, ADQ was folded into L'imad, a separate sovereign wealth entity associated with Abu Dhabi crown prince Khaled bin Mohamed Al Nahyan. ==See also==
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