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Abu Dhabi Investment Office joined forces with Enterprise Singapore (ESG), a government agency championing enterprise development, and its subsidiary IPI Singapore to accelerate smart city development in the emirate.
Under the agreement, Singaporean companies will submit solutions to address challenges outlined by the Abu Dhabi-based entities.
Eligible companies will also receive funding from ESG to develop smart city solutions.
This will increase “collaboration, connect innovation ecosystems and promote the exchange of knowledge and expertise between both sides”, Adio and ESG said in a joint statement on Thursday.
Abu Dhabi is focused on using advanced technology to develop its non-oil sector in line with a strategy to diversify its economy, reduce reliance on hydrocarbons, attract foreign investment, draw high-skilled employees and create jobs.