ABUDHABI INVITES INDIAN START-UPS TO ESTABLISH HUBS TO DIVERSIFY BUSINESS ACTIVITIES
Abu Dhabi is seeking investments from India and has invited Indian start-ups to establish hubs in the capital city of UAE to diversify its business activity beyond hydrocarbons. The move will not only benefit the local economy, but it will also act as a platform for Indian firms to grow their footprints around the world. Abdulla Abdul Aziz AL Shamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) who is tasked with pulling the investments, told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE. The Abu Dhabi Investment Office (ADIO) helps investors and companies of all sizes establish their businesses, grow, and develop in Abu Dhabi. It aims to help grow the emirate's private sector and diversify its economy. Long-term, sustainable ideas are another key aim for the office. It authorizes the employment of a foreign worker in any other company owned by the same employer (not a branch) even if the worker is not registered with it, provided that a work permit is obtained from the ministry in accordance with the relevant regulations.