Abu Dhabi Fund ADQ Offers to Create Large Hospitality Group
- New group to support Abu Dhabi’s diversification efforts
- ADQ has been one of most active sovereign funds in the Gulf
Source: Bing Mpas
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Abu Dhabi sovereign investment fund ADQ has submitted an offer to create a company with $5.4 billion in assets in a “strategic combination” of two local hospitality groups, part of an effort to form a larger entity that will support the emirate’s long-term diversification plans.