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Prominent Companies in Abu Dhabi
ADNOC
ADNOC (Abu Dhabi National Oil Company) is the main oil company of Abu Dhabi and drives significant amounts of the whole country’s GDP. The company manages and overseas the production of 3 billion barrels of oil every day. It works across the whole of the Oil spectrum through a number of affiliate companies: ADCO, ADMA-OPCO, GASCO, ADGAS, ZADCO, TAKREER, NDC, ESNAAD, IRSHAD, FERTIL, BOROUGE, and ADNATCO-NGSCO.
Etihad
Etihad is the national carrier of the UAE and the main airline from Abu Dhabi. Launched after Emirates airline, Etihad has been growing in routes and prominence over recent years. It is the fastest growing airline in the world and while it is yet to bring in a profit, it forms an integral part of Abu Dhabi’s strategy to become a global hub.
Mubadala
Mubadala is the investment vehicle of the Abu Dhabi government. Chaired by Sheikh Mohamed bin Zayed, it owns a variety of stakes in companies including Ferrari, Aldar and AMD. It invests in a diverse portfolio and is run by Khaldon Al Mubarak, the man associated as the Chairman of Manchester City Football Club.
TwoFour54
TwoFour54 is the media entity promoting Abu Dhabi as a development of Arabic media and entertainment content, positioning Abu Dhabi as the place to come for content creation across all media. The institution offers 100% foreign ownership as a freezone entity. Many global media companies have signed up with the media zone authority including Bloomberg, Thomson Reuters, the BBC and the Financial Times.
ADIA
Abu Dhabi Investment Authority is Abu Dhabi’s sovereign wealth fund and manages the emirates excess oil reserves estimated to be $1 trillion. ADIA also manages a huge global investment portfolio across multiple asset classes and estimated to be close to $600bn.
Aldar
Aldar is the government backed property development company behind all of the innovative construction projects in Abu Dhabi. They have delivered everything from Ferrari World and the Formula 1 circuit to the central market souk and everything in between. They also are integral to the sales, especially residential sales over the coming years. They have had some financial difficulties over the down turn but a refinancing package has sorted everything out.