ADGM Academy And PGIM Collaborate To Launch RealAssetX Abu Dhabi Innovation Centre For Sustainable Technology

The ADGM Academy (ADGMA) has joined forces with PGIM, Prudential Financial, Inc.'s global investment management arm, to establish the RealAssetX Abu Dhabi Innovation Centre. This new facility will focus on sustainable technology, artificial intelligence (AI), and deep tech in the real asset sector. The centre is scheduled to open in September at the ADGM Academy offices.

The RealAssetX Abu Dhabi Innovation Centre aims to address significant challenges and opportunities in real estate, infrastructure, smart cities, and related fields. This initiative follows a strategic partnership between PGIM and the Abu Dhabi Investment Office (ADIO) announced last December to support the centre's creation.

The centre will concentrate on three primary areas: climate technologies for decarbonisation and environmental resilience; AI-driven decision-making to enhance asset management and investment strategies; and innovative applications like blockchain for real estate and smart infrastructure systems. These efforts aim to advance sustainability within the industry.

PGIM and ADGMA will jointly manage the centre’s strategy and operations. They plan to deliver research initiatives, ideation labs, hackathons, pitch competitions, as well as incubator and accelerator programmes. These activities are designed to foster innovation in the sector.

Alessandro Borgogna from ADIO stated that "Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries." He emphasised that RealAssetX Abu Dhabi showcases their commitment to enhancing financial services and establishing the emirate as a hub for deep tech solutions.

Mansoor Jaffar, CEO at ADGM Academy and Research Centre, highlighted their dedication to creating a vibrant ecosystem for early-stage ventures. He noted that their collaboration with PGIM and support from ADIO will enable the RealAssetX Centre to drive innovation and sustainable development while positioning Abu Dhabi as a global leader in deep tech.

Global Investment Expertise

Mohammed Abdulmalek from PGIM commented on the partnership's potential: "By combining PGIM’s global investment expertise with ADGMA’s commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation." His statement underscores the collaborative effort's goal of fostering growth through innovation.

This initiative represents a significant step towards integrating advanced technologies into real assets. By focusing on sustainability and innovation, it aims to position Abu Dhabi as a leader in these fields globally.

With inputs from WAM