ADIO signs MoU with Ant International to strengthen Abu Dhabi's fintech ecosystem
01 Sep 2025, 01:55 PMOver the past years, Abu Dhabi has been increasingly making efforts to establish itself as a fintech and tech hub as it seeks to diversify itself from an oil only focused economy.
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The Abu Dhabi Investment Office (ADIO) has signed a Memorandum of Understanding (MoU) with Ant International, the overseas arm of Chinese fintech giant Ant Group, to strengthen Abu Dhabi’s fintech ecosystem.
As part of the agreement, Ant Financial will use its technological expertise to help local businesses upgrade technology, promote financial inclusion and be the bridge between Abu Dhabi and global markets, it said in a statement.
"This agreement with Ant International reflects a broader inflection point in digital finance, where scale is no longer just about reach, but about resilience, trust and regulatory clarity," said Badr Al-Olama, director general, ADIO.
Peng Yang, CEO, Ant International, noted that the ADIO has been instrumental in helping Ant International establish its presence in Abu Dhabi.
"This strategic collaborative relationship is foundational to our mission to empower local businesses, especially SMEs, and connect them to new global growth opportunities," added Yang.
Over the past years, Abu Dhabi has been increasingly making efforts to establish itself as a fintech and tech hub as it seeks to diversify itself from an oil only focused economy.