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I am delighted to introduce HFI’s ADVI - Abu Dhabi Ventures Initiative (ADVI).

ADVI supports advanced petroleum technology and energy transition ventures relating to ADNOC Group-driven opportunities in the United Arab Emirates, with a growing emphasis on the KEZAD Group special economic zone and free zone and the “Make It in the Emirates” local manufacturing program. Given the key roles of TAQA Group, Emirates Nuclear Energy Corporation and Mubadala in the power/nuclear sector and in the energy transition, ADVI also extends to renewables and clean energy ventures under the Abu Dhabi Economic Vision 2030 and UAE Energy Strategy 2050, and we offer a MASDAR Corporate & Compliance Solutions service in relation to the Masdar City Free Zone initiative which is led by Mubadala Investments.

The EIC (Energy Industries Council) DataStream service is currently tracking approximately 136 major energy sector projects in the UAE across upstream oil & gas, refineries, petrochemicals, nuclear and renewables, representing US$221 billion of opportunities. EIC will be providing an update on the energy projects market via its webinar on 19 March and live at its EIC Connect UAE event in Abu Dhabi on 21 May.

The major annual petroleum/energy conference is the Abu Dhabi International Petroleum Exhibition & Conference (company) (ADIPEC) which will next be held in November 2024. Other key events in the energy calendar are Middle East Energy 2024 being held in April in Dubai, World Future Energy Summit 2024 being held in April in Abu Dhabi and the World Utilities Congress being held in September in Abu Dhabi.

HFI’s ADVI - Abu Dhabi Ventures Initiative supports clients to address key challenges including 100% foreign ownership laws, local partner agreements, technology licences, manufacturing facilities contracts, corporate taxation, ICV procurement policies and Emiratisation regulations.

If any further detailed information or advice is needed on any of the issues raised in this ADVI eGuidebook, we will be pleased to advise accordingly.

Please find the eGuidebook on the following link: https://www.flipsnack.com/855FBDFF8D6/2024-02-30-advi-booklet-2024-t9fdeelpma/full-view.html