May 4, 2021
Less than two years into frenetic dealmaking that secured hauls from pharmaceuticals to agricultural trading, Mohamed Hassan Alsuwaidi’s biggest worry is whether he is moving “fast enough”. ADQ has quickly emerged as Abu Dhabi’s go-to lever for addressing its biggest weaknesses. Although Alsuwaidi wouldn’t specify ADQ’s size, but said that the $110 billion estimate by Global SWF “isn’t too far off; moreover, that number should double within seven to ten years.”
The fund’s domestic focus [90 percent of its portfolio consists of Abu Dhabi assets] still distinguishes it from its bigger counterparts. Four sectors in particular have caught ADQ’s attention as vital to the emirate’s long-term future: energy and utilities [already 65% of the portfolio], food and agriculture, mobility and logistics, as well as health care and pharma. ADQ’s investment in Louis Dreyfus catapulted it to global prominence for the first time last year.
Read the original interview on Arabian Business: Abu Dhabi’s new wealth fund ADQ can’t move fast enough