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Thursday, November 12 - 2009

Abu Dhabi Investment hiring drive puts young Emiratis on global stage

  • United Arab Emirates: Sunday, February 22 - 2009 at 14:38
  • PRESS RELEASE

The Abu Dhabi Investment Company (ADIC) has launched a hiring and training drive designed to propel more Emirati nationals into leadership positions as the company grows internationally.

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The move supports goals of the Abu Dhabi government set out in its "Economic Vision 2030" paper, which promotes training and education to encourage Emirati employment while keeping an open and flexible labor market.

ADIC has started a hiring spree aimed at placing talented Emirati graduates in each of its departments. Recent hires have joined the company's strategy, risk & compliance, and infrastructure investment teams.

The company has also intensified its on-the-job training, putting heavy emphasis on career development planning and mentoring, to ensure new recruits have the best chance of progressing into senior management.

ADIC Chief Executive Officer Nazem Fawwaz Al Kudsi said:
"We want to take the most promising graduates and give them the expertise and experience to operate internationally."


"The best way to invest is for the long term," he added. "Investing in youthful talent is crucial for the long-term growth of ADIC and of Abu Dhabi."

ADIC has been growing its international profile. For example, the company operates an infrastructure fund joint venture with Swiss bank UBS and is a strategic partner of German private bank BHF-Bank.

As ADIC attracts more global investors, the company's new graduate recruits will gain international exposure.

Economic Vision 2030, published late last year to outline long-term economic goals, commits Abu Dhabi to a free labor market but also seeks to promote the role of UAE nationals, particularly because a fast growing economy has spurred population growth.

"Abu Dhabi will ensure there are qualified nationals to fill job vacancies through investment in education and relevant training across all economic sectors," the document says.
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Notes and media contacts

About ADIC (Abu Dhabi Investment Company):

Abu Dhabi Investment Company (ADIC), the first investment company in the United Arab Emirates, is one of the leading financial services firms in the region. Established by Emiri Decree on February 24, 1977, and owned by Abu Dhabi Investment Council, ADIC has delivered excellence in treasury and credit services, loan syndication, equity and debt underwriting, financial advisory, asset management and brokerage across a range of asset classes. As a result, the company has earned a reputation for professionalism, integrity, innovation, and market knowledge.

Pursuing a focused approach, ADIC today leverages its investment expertise across four strategic areas: Asset Management, Private Equity, Real Estate, and Infrastructure. In this way, the organization is able to offer targeted products and services to meet specific client requirements in markets across the globe, all while delivering superior risk-adjusted returns. With extensive knowledge of the Middle East and North Africa investment environment, unrivalled access to primary information on regional companies, both large and small, an understanding of the micro and macroeconomic environment and record of accomplishment across asset classes, ADIC is an ideal investment partner for institutions and high net worth individuals based in the region and beyond.

For further information, please contact:

Sweety Darwish
Abu Dhabi Investment Company Communications
Tel +971 2 6296451
Fax +971 2 6655835

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