February 24, 2026
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ECONOMIC VISION 2030
The Vanderbilt Terminal for Gulf Economic Transformation
INDEPENDENT GLOBAL INTELLIGENCE FOR ABU DHABI & BAHRAIN
Abu Dhabi GDP: ~$300B | Bahrain GDP: ~$44B | ADIA AUM: $1T+ | Mumtalakat AUM: ~$18B | ADNOC Production: ~4M bpd | Alba Output: 1.6M+ tonnes | AD Non-Oil GDP: ~52% | AD Credit Rating: AA/Aa2 | BH Credit Rating: B+/B2 | ADGM Entities: 1,800+ | Bahrain Banks: 350+ | Vision Deadline: 2030 | Abu Dhabi GDP: ~$300B | Bahrain GDP: ~$44B | ADIA AUM: $1T+ | Mumtalakat AUM: ~$18B | ADNOC Production: ~4M bpd | Alba Output: 1.6M+ tonnes | AD Non-Oil GDP: ~52% | AD Credit Rating: AA/Aa2 | BH Credit Rating: B+/B2 | ADGM Entities: 1,800+ | Bahrain Banks: 350+ | Vision Deadline: 2030 |

ADQ

Encyclopedia entry on ADQ, Abu Dhabi's newest sovereign wealth fund managing approximately $200 billion in assets with a focus on domestic economic transformation across food, utilities, transport, and healthcare.

ADQ is a sovereign wealth fund established in 2018 by the Government of Abu Dhabi. With estimated assets under management of approximately $200 billion, ADQ is the newest and most domestically focused of Abu Dhabi’s three major sovereign investment vehicles, alongside ADIA and Mubadala.

Mandate

ADQ was created to manage and grow a portfolio of enterprises that are critical to Abu Dhabi’s domestic economic infrastructure. While ADIA invests exclusively abroad and Mubadala operates as a global strategic investor, ADQ concentrates on accelerating the transformation of the emirate’s local economy. Its mandate encompasses food and agriculture, utilities and energy, transport and logistics, healthcare, financial services, and digital infrastructure.

Portfolio

ADQ holds controlling or significant stakes in a range of Abu Dhabi-based entities. Key portfolio companies include Abu Dhabi Ports (port and logistics operations), Etihad Rail, Al Dahra (agriculture and food security), Louis Dreyfus Company (global agriculture, minority stake), Agility (logistics), Abu Dhabi Airports, and several healthcare and financial services companies. The fund has also been active in acquiring international assets that support Abu Dhabi’s food security and logistics strategies.

Growth Trajectory

ADQ has grown rapidly since its establishment. Originally formed from the Abu Dhabi Development Holding Company (renamed ADQ in 2020), the fund has expanded through acquisitions, mergers of government-related entities, and capital injections. Its growth from approximately $110 billion in 2020 to over $200 billion reflects both asset appreciation and the consolidation of additional government holdings under its umbrella.

Governance

ADQ is chaired by Sheikh Tahnoun bin Zayed Al Nahyan, the National Security Adviser of the UAE. The fund operates as a holding company with its portfolio companies maintaining operational autonomy under ADQ’s strategic oversight.

Role in Vision 2030

ADQ’s domestic focus makes it directly relevant to several pillars of the Abu Dhabi Economic Vision 2030. The fund addresses food security, logistics infrastructure, healthcare capacity, and digital transformation — areas identified in the vision as essential to building a sustainable, diversified economy. Where ADIA preserves wealth and Mubadala builds strategic industries, ADQ ensures the domestic economic foundation functions efficiently and is positioned for post-hydrocarbon sustainability.