#China #Shanghai #Abu Dhabi #Fosun #ADIO

Fosun and Abu Dhabi Investment Office: A Strategic Alliance for Growth

In a significant move to expand its global presence, Fosun International announced a strategic partnership with the Abu Dhabi Investment Office (ADIO) on February 20, 2025, during the Abu Dhabi Investment Forum held in Shanghai. This cooperation is aimed at accelerating Fosun's expansion efforts in Abu Dhabi and the wider Middle East region, thus injecting new momentum into its global operations.

The Agreement Details

Under the terms of the memorandum signed, ADIO is set to provide customized investment support, facilitate market access, and connect Fosun with strategic resources essential for its growth in various key sectors in Abu Dhabi. These sectors include healthcare innovation, wealth management, fintech, and tourism, among others.

H.E. Badr Al-Olama, Director General of ADIO, emphasized that Abu Dhabi is committed to attracting reputed companies globally. He stated, "Partnering with Fosun underscores our commitment to fostering high-impact investments that can transform Abu Dhabi's economy and advance our development goals."

This initiative aligns perfectly with Fosun's vision of enhancing investment and providing avenues for global investors and family offices interested in the flourishing economy of the emirate. The collaboration between Fosun and ADIO aims to enhance Abu Dhabi’s capabilities to attract foreign investments further, reinforcing its strategic position as a desirable investment hub.

Expanding Opportunities

Fosun is not new to the Middle East. After more than three decades of sustainable growth, the company has established a robust international footprint, operating in over 35 countries and regions. In light of the latest economic landscape, the Middle East has emerged as a strategic frontier due to its thriving economy and growth potential.

Within the last six months, Fosun has made significant strides in the region. Notably, in December 2024, its subsidiary Hainan Mining, through Roc Oil, successfully completed the acquisition of Tethys Oil AB's oilfield blocks in Oman. This achievement not only underscores the continued growth of Fosun's operations in the Middle East but also marks an essential step in its internationalization strategy.

Additionally, Fosun Pharma's biopharmaceutical subsidiary, Henlius, successfully partnered with AL-TIRYAQ AL-KHALAWI Medical Company. This collaboration aims to create joint ventures in Saudi Arabia focused on the research and development of biologics, thereby enhancing accessibility to advanced medical treatments in the region. Most notably, Henlius made history by shipping the first domestically produced monoclonal antibody biologic drug to Saudi Arabia.

There have also been noteworthy developments from Fosun’s automation solutions segment, FFT. The company signed a joint venture agreement with the Saudi-based Khaled Juffali Company, intending to provide automated production line solutions for the burgeoning electric vehicle sector in Saudi Arabia.

Future Prospects

Fosun's rapid advancements across various sectors, such as healthcare, energy, finance, and intelligent manufacturing, reflect not only the company’s effective execution of its globalization strategy but also its strong operational capabilities. The interplay of Fosun’s deep-rooted experience in the Chinese market and its collaborative approach is generating immense opportunities for shared success with Middle Eastern partners.

Wilson Jin, Senior Vice President of Fosun International, reflected on the partnership, stating, "Abu Dhabi provides an excellent environment for our international growth objectives, allowing us to better engage with premier investors and contribute significantly to the emirate’s economic vision."

Concluding the announcement, Fosun’s Chairman Guo Guangchang expressed his optimism for building lasting partnerships within the Middle Eastern market. He remarked, "We look forward to collaborating with more partners in the region and believe Fosun's extensive operational experience can generate sustainable value for all parties involved."

As the partnership with ADIO unfolds, it is evident that Fosun International is set to significantly impact the Middle East, enhancing its economic landscape while establishing new avenues for growth and innovation.