Download UAE-Russia Access Meeting Introduction to Invest AD

UAE‐Russia Access Meeting
Introduction to Invest AD
29th October 2014
2
Who is Invest AD
Abu Dhabi Sovereign Wealth Funds
Abu Dhabi Investment
Authority (ADIA)
Abu Dhabi Investment
Council (ADIC)
International Petroleum
Investment Corporation
(IPIC)
Mubadala Development
Company
Invests Abu Dhabi’s
surplus revenues into
financial assets abroad,
thus providing capital
diversification for the
emirate’s economy
Created out of ADIA in
2007, and fulfils a similar
role, although it has a
greater focus on investing
in the Middle East region
Invests mainly in foreign
oil and energy companies,
focusing primarily on
downstream activities
Mandate to drive the
diversification and
development of the Abu
Dhabi economy
Invest AD
(Abu Dhabi Investment Company)
 Established as Abu Dhabi Investment Company in 1977 by Emiri decree of the
late H.H. Sheikh Zayed Bin Sultan Al Nahyan, the first president of the UAE.
 Invested on behalf of the Abu Dhabi government for three decades as a
subsidiary of ADIA.
 Became a subsidiary of Abu Dhabi Investment Council in 2007 and began to
offer investment services to global institutional investors in 2009.
About Us
• Owned by the Abu Dhabi government, Invest AD benefits from an extensive international
network established over three decades and spanning governments, business leaders, and
regulators
• The company is a financial services company offering investors access to high-growth economies
in the Middle East and Africa
• With a strong track record as a long-term investor, the company is highly respected in emerging and
frontier markets across the region, enabling us to offer exceptional investment opportunities
to global partners
• Through its Wealth Management division, the company offers access to listed equities, fixed
income, and money markets investments, diversified over more than 20 countries
• The company also offers an array of tailored financial advisory services to global companies
seeking to expand to the Middle East and Africa or other institutions/governments seeking to attract
investment
3
4
Our Track Record
• 34 years of experience across the region
• Significant global network links partners with opportunities - key partners include:
 Sberbank (Russia)
 Samsung (Korea)
 Quam (Hong Kong)
 BHF-Bank (Germany)
 Aéroports de Paris Management
(France)
• Deep understanding of opportunities and challenges, with wide sector experience including:
 Infrastructure
 Logistics
 Soft infrastructure including
schools, hospitals, education
 Financial institutions
 Consumer goods
• Investments in the full range of Sub-Sahara, North Africa and Middle East countries
• On-the-ground commitment ensures real value for investment partners and the projects they
invest in
Signature Project:
Airport International Group (Jordan)
Project Description:
Rehabilitate, expand and operate Queen Alia International Airport, on a Build‐Operate‐
Transfer basis including the US$ 900m development of a new passenger terminal and
ancillary facilities.
Concession Grantor:
Government of Jordan
Shareholders:
Joannou & Paraskevaides, Cyprus/Greece (Contractor)
Aéroports de Paris , France (Operator)
Invest AD, UAE (Financial Investor)
Noor Financial Investment Company, Kuwait/Jordan (Financial Investor)
EDGO Investment Holdings Limited, Jordan (Financial Investor)
Concession Term:
25 years (from November 2007)
Payment Structure:
AIG collects and retains all airport related aeronautical and commercial revenue, and pays
fixed percentage to the Government
Senior Debt:
Non‐recourse project finance debt provided by International Finance Corporation (IFC) and
Islamic Development Bank (IDB)
Project Status:
New terminal successfully opened in March 2013; expansion works already commenced
due to strong traffic growth
5
Signature Project:
Muharraq STP Project (Bahrain)
Project Description:
Concession to develop, finance, operate & maintain new US$ 350m 100,000 m3/day
sewage treatment plant (STP), sewer trunk main (STM) and wastewater collection
network (WWCN) in Muharraq, Bahrain
Concession Grantor:
Government of Bahrain
Samsung Engineering Company Limited, Korea (Lead Developer, Contractor / Joint
Operator)
Shareholders:
United Utilities International Limited, UK (Joint Operator)
Invest AD, UAE (Financial Investor)
Concession Term:
29 years and 2 months (from February 2011)
Fixed and variable payments from Grantor backed by guarantee from Ministry of Finance
Payment Structure:
Fixed (availability based) payments to cover debt & equity, commencing upon
completion of STP/STM
Senior Debt:
Non‐recourse project finance debt provided by Export‐Import Bank of Korea, Crédit
Agricole, Natixis and SMBC
Project Status:
New plant commenced treatment services in February 2014, with formal operations
from April 2014 – plant already at 80% capacity; final completion of WWCN scheduled by
January 2015
6
7
Thank You
Nasir Hasan
Senior Vice President – Head of Infrastructure, Real Estate & Advisory
[email protected]
Invest AD – The Abu Dhabi Investment Company
Capital Tower,
T (UAE): 800 INVESTAD
ADNEC Area, between ADCB and
T (Int): +971 2 692 6101
Finance House buildings,
E: [email protected]
P.O. Box 46309, Abu Dhabi, UAE
W: www.InvestAD.com