#Abu Dhabi #UAE #ADQ #Orion Resource Partners

ADQ and Orion Resource Partners Join Forces

In a significant step towards enhancing supply chain security, ADQ and Orion Resource Partners have entered into a strategic partnership to create a joint venture, Orion Abu Dhabi. This newly formed entity will focus on investing a substantial $1.2 billion over the first four years. The partnership underscores both organizations' commitment to the crucial sectors of metals and mining, particularly in securing essential materials needed for modern industry.

Objectives and Scope of Investment

The primary aim of Orion Abu Dhabi is to bolster investments in metals and mining companies, covering a variety of asset classes, including equity and senior debt, as well as production-linked instruments like royalties and streams. The initiative will particularly focus on sourcing critical minerals such as copper and iron ore, thereby enhancing local and global supply chains.

The joint venture plans to target emerging markets across Africa, Asia, and Latin America initially. This geographical targeting aligns with global trends toward urbanization and an increased demand for essential resources, which are paramount for the transition to clean energy and sustainable economic growth.

Strategic Importance for Abu Dhabi

Located in the Abu Dhabi Global Market, Orion Abu Dhabi represents ADQ's ongoing strategy to invest within global business platforms that promise long-term financial returns. The initiative is part of ADQ’s newly established Infrastructure Critical Minerals cluster, which aims to support local economic resilience while promoting the continued growth of its wider investment portfolio in various sectors.

ADQ has a robust portfolio, managing over 25 companies across more than 130 countries, including key sectors such as energy, healthcare, and transport. The new venture not only expands ADQ's investment horizons but also enhances the sustainability and adaptability of its existing operational frameworks.

Leadership and Future Prospects

Orion Abu Dhabi will be managed by Philip Clegg, who brings more than 20 years of experience in natural resources and mining investments. Clegg's leadership aims to attract best-in-class mining projects, particularly those focused on sustainability and cutting-edge technologies.

Statements from Hamad Al Hammadi, Deputy Group CEO at ADQ, and Oskar Lewnowski, CEO of Orion Resource Partners, emphasize their shared vision for a resilient supply chain that caters to the growing demands of the global economy. They foresee Orion Abu Dhabi playing a pivotal role in securing essential resources not only for the UAE but also for global markets.

Conclusion

As the market for strategic metals continues to grow, the joint venture between ADQ and Orion Resource Partners is positioning itself as a key player. Their focused investment approach aims to meet the pressing demands for crucial minerals needed for an evolving energy landscape while ensuring long-term economic benefits for the UAE. This partnership embodies a forward-thinking approach to navigating the complexities of global supply chains and proposes noteworthy synergies between investment and sustainability.