With the backing of the Abu Dhabi Investment Office (Adio), the South Korean blockchain business Neoply is taking a crucial step by locating its global headquarters in Abu Dhabi. This choice fits well with Abu Dhabi’s continuous initiatives to establish itself as a significant global innovation center and diversify its non-oil businesses. The H-Lab headquarters of Neoply will profit from the sophisticated regulatory environment and virtual assets industry knowledge of the Abu Dhabi Global Market.
Neoply’s Collaboration and Expansion
Adio supports this strategic initiative, demonstrating the company’s dedication to growing its footprint in the Middle East and using Abu Dhabi’s position as a top innovation center.
The headquarters, known as H-Lab, will be housed in Abu Dhabi Global Market (ADGM), which provides a supportive environment for expanding the blockchain and virtual asset industries. Neoply hopes to gain from ADGM’s cutting-edge regulatory system and position itself as a thought leader in the virtual assets industry.
Neoply will participate in the innovation program created to encourage the expansion of the technology industry in Abu Dhabi as part of its partnership with Adio. This program offers businesses a platform to prosper and take advantage of the emirate’s supportive climate, top-notch infrastructure, and qualified talent pool. Business Development Executives at Immediate Granimator io believe that Neoply’s choice to participate in this program demonstrates Abu Dhabi’s pull for the expansion stage of innovative businesses.
Neoply’s expansion in Abu Dhabi is anticipated to lead to specialized employment and the growth of the blockchain industry in the capital of the United Arab Emirates. The business wants to work with institutions in Abu Dhabi to provide courses and fellowships centered on blockchain, Web3, and DeFi.
Neoply and ADGM will collaborate closely to promote the creation of a DeFi regulatory framework. Neoply aspires to safeguard consumers and promote ethical innovation in the market by becoming one of the first regulated DeFi providers in the world.
Abu Dhabi’s dedication to the blockchain industry is demonstrated by ADGM, which led the way in establishing a legislative framework for virtual assets in 2018. The goal is to create a robust framework that mitigates risks while encouraging new business models that improve consumer experiences and outcomes. Neoply participates in ADGM’s Digital Lab and has partnered with the Financial Services Regulatory Authority to achieve this.
The foundation of Neoply in Abu Dhabi shows the emirate’s appeal as a location for investment and innovation in the blockchain and technology industries. Still, it also serves as a strategic step for the company. Neoply hopes to help the blockchain and DeFi industries develop and be regulated through partnerships with Adio and ADGM, further establishing Abu Dhabi as a center for global innovation.
Adio’s Investment Initiatives
The Adio has played a significant role in encouraging and luring investment to Abu Dhabi. Adio started a significant Dh2 billion ($545 million) innovation program in 2020 to assist the emirate’s diversification initiatives.
Adio has given financial incentives and support to more than 50 businesses through this program in various industries, including agriculture technology, financial services, health services, and tourism. The establishment and development of these businesses in Abu Dhabi have been made possible by the program, which has helped to create a healthy ecosystem for entrepreneurship and innovation.
One of the innovation program’s main benefits is access to Abu Dhabi’s huge land bank, which enables businesses to locate their operations in essential areas throughout the emirate. Additionally, Adio helps firms by facilitating their participation in significant government infrastructure projects, improving their expansion chances.
Beyond providing cash rewards and infrastructure support, Adio plays a significant role. The office is a growth enabler by providing various services and resources to help private sector enterprises reach their potential. Companies can access Abu Dhabi’s vibrant business environment and interact with the right stakeholders, partners, and investors by utilizing Adio’s network and experience.
Adio has increased its global reach with offices in important international locations like Seoul, Beijing, Frankfurt, London, New York, Paris, San Francisco, and Tel Aviv. Adio can actively market Abu Dhabi as a desirable investment location and interact with potential investors and businesses worldwide thanks to its global presence.
Adio’s investment efforts are successful because of its all-encompassing strategy, which combines financial assistance, infrastructure access, and services promoting growth. Adio ensures businesses have the support they need to start up and flourish in Abu Dhabi by attending to the unique needs of enterprises in various areas.
International Presence and Future Plans
Adio has created a sizable international presence with offices in Seoul, Beijing, Frankfurt, London, New York, Paris, San Francisco, and Tel Aviv. Adio can communicate with prospective investors and businesses worldwide thanks to its extensive presence and vigorous promotion of Abu Dhabi as an attractive investment location.
Adio intends to create more offices in critical areas to increase its global reach. By proving Adio’s dedication to assisting foreign investors, the existence of these offices would not only raise Abu Dhabi’s visibility, productivity, and excitement for projects.
Each region’s specific changes and advantages will be considered when choosing new office locations. For example, Asia offers prospects in the ICT sector, whereas the West offers opportunities in the hotel and tourism industries. Adio wants to use these chances to draw in various investments and stimulate economic growth in Abu Dhabi.
With the assistance of Adio, Neoply chose to locate its worldwide headquarters in Abu Dhabi, highlighting the emirate’s rising reputation as a top innovation center. Neoply wants to support the growth of the blockchain and DeFi industries while generating specialized employment in the UAE capital by utilizing Abu Dhabi Global Market’s cutting-edge regulatory framework and partnership with Adio. Additionally, Adio’s investment plans and efforts to draw in foreign capital are consistent with Abu Dhabi’s desire to diversify its economy, notably in manufacturing, tourism, sophisticated technology, and logistics. Abu Dhabi is an attractive location for investment and business growth due to its proactive approach and supporting ecosystem, and the future will showcase this.
Byline: Hannah Parker
