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Transcript
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