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Fosun Joins Hands with Abu Dhabi Investment Office, Adding New Momentum to Middle East Strategy

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Fosun International has signed a Memorandum of Strategic Cooperation with the Abu Dhabi Investment Office (ADIO) on February 20, 2025, marking a significant expansion into the Middle East region. The agreement will provide Fosun with tailored investment support, streamlined market access, and strategic resource connections in key sectors including healthcare innovation, wealth management, fintech, tourism, and Hive City projects.

The company has already made notable progress in the Middle East market over the past six months: Roc Oil completed an acquisition of Tethys Oil AB's oilfield blocks in Oman; Henlius entered a strategic collaboration with SVAX in Saudi Arabia; and FFT formed a joint venture with Khaled Juffali Company to provide automated production line solutions for Saudi Arabia's electric vehicle industry.

Fosun International ha firmato un Memorandum di Cooperazione Strategica con l'Abu Dhabi Investment Office (ADIO) il 20 febbraio 2025, segnando una significativa espansione nella regione del Medio Oriente. L'accordo fornirà a Fosun un supporto per gli investimenti su misura, un accesso semplificato al mercato e connessioni strategiche alle risorse in settori chiave tra cui innovazione sanitaria, gestione patrimoniale, fintech, turismo e progetti Hive City.

L'azienda ha già registrato progressi notevoli nel mercato del Medio Oriente negli ultimi sei mesi: Roc Oil ha completato l'acquisizione dei blocchi petroliferi di Tethys Oil AB in Oman; Henlius ha avviato una collaborazione strategica con SVAX in Arabia Saudita; e FFT ha formato una joint venture con Khaled Juffali Company per fornire soluzioni di linee di produzione automatizzate per l'industria dei veicoli elettrici in Arabia Saudita.

Fosun International ha firmado un Memorando de Cooperación Estratégica con la Oficina de Inversión de Abu Dabi (ADIO) el 20 de febrero de 2025, marcando una expansión significativa en la región de Medio Oriente. El acuerdo proporcionará a Fosun apoyo de inversión personalizado, acceso al mercado simplificado y conexiones estratégicas de recursos en sectores clave como innovación en salud, gestión de patrimonio, fintech, turismo y proyectos de Hive City.

La empresa ya ha logrado avances notables en el mercado de Medio Oriente en los últimos seis meses: Roc Oil completó la adquisición de los bloques de campo petrolero de Tethys Oil AB en Omán; Henlius entró en una colaboración estratégica con SVAX en Arabia Saudita; y FFT formó una empresa conjunta con Khaled Juffali Company para proporcionar soluciones de líneas de producción automatizadas para la industria de vehículos eléctricos de Arabia Saudita.

포순 인터내셔널은 2025년 2월 20일 아부다비 투자청(ADIO)와 전략적 협력 양해각서를 체결하여 중동 지역으로의 중요한 확장을 알렸습니다. 이 협정은 포순에게 맞춤형 투자 지원, 간소화된 시장 접근 및 의료 혁신, 자산 관리, 핀테크, 관광 및 하이브 시티 프로젝트를 포함한 주요 분야에서 전략적 자원 연결을 제공합니다.

회사는 지난 6개월 동안 중동 시장에서 이미 주목할 만한 진전을 이루었습니다: 로크 오일은 오만에서 테시스 오일 AB의 유전 블록을 인수 완료하였고; 헨리우스는 사우디 아라비아의 SVAX와 전략적 협력에 들어갔으며; FFT는 사우디 아라비아의 전기차 산업을 위한 자동화 생산 라인 솔루션을 제공하기 위해 칼레드 주팔리 컴퍼니와 합작 회사를 설립했습니다.

Fosun International a signé un Mémorandum de coopération stratégique avec le Bureau des investissements d'Abou Dhabi (ADIO) le 20 février 2025, marquant une expansion significative dans la région du Moyen-Orient. Cet accord fournira à Fosun un soutien à l'investissement sur mesure, un accès au marché simplifié et des connexions stratégiques aux ressources dans des secteurs clés tels que l'innovation en santé, la gestion de patrimoine, la fintech, le tourisme et les projets de Hive City.

L'entreprise a déjà réalisé des progrès notables sur le marché du Moyen-Orient au cours des six derniers mois : Roc Oil a finalisé l'acquisition des blocs de champs pétroliers de Tethys Oil AB à Oman ; Henlius a entamé une collaboration stratégique avec SVAX en Arabie Saoudite ; et FFT a formé une coentreprise avec la Khaled Juffali Company pour fournir des solutions de lignes de production automatisées pour l'industrie des véhicules électriques en Arabie Saoudite.

Fosun International hat am 20. Februar 2025 ein Memorandum über strategische Zusammenarbeit mit dem Abu Dhabi Investment Office (ADIO) unterzeichnet, was eine bedeutende Expansion in die Region des Nahen Ostens markiert. Die Vereinbarung wird Fosun maßgeschneiderte Investitionsunterstützung, vereinfachten Marktzugang und strategische Ressourcenverbindungen in Schlüsselbereichen wie Gesundheitsinnovation, Vermögensverwaltung, Fintech, Tourismus und Hive City-Projekte bieten.

Das Unternehmen hat in den letzten sechs Monaten bereits bemerkenswerte Fortschritte auf dem Markt im Nahen Osten gemacht: Roc Oil hat die Übernahme der Erdölblöcke von Tethys Oil AB im Oman abgeschlossen; Henlius hat eine strategische Zusammenarbeit mit SVAX in Saudi-Arabien eingegangen; und FFT hat ein Joint Venture mit der Khaled Juffali Company gegründet, um automatisierte Produktionslinienlösungen für die Elektrofahrzeugindustrie in Saudi-Arabien bereitzustellen.

Positive
  • Strategic partnership with ADIO provides access to Abu Dhabi's market and resources
  • Successful acquisition of Oman oilfield blocks through Roc Oil subsidiary
  • Strategic collaboration with SVAX in Saudi Arabia for biologics commercialization
  • Joint venture establishment with KJC for automotive sector solutions in Saudi Arabia
Negative
  • None.

HONG KONG and SHANGHAI, Feb. 20, 2025 /PRNewswire/ -- Fosun's global operations achieved another milestone. On February 20, during the Abu Dhabi Investment Forum in Shanghai, Fosun International signed a Memorandum of Strategic Cooperation with the Abu Dhabi Investment Office (ADIO). This collaboration aims to drive the expansion of Fosun's subsidiaries into Abu Dhabi and the broader Middle East region, injecting fresh momentum into Fosun's global presence and industrial operations.

Under the agreement, ADIO will provide Fosun with tailored investment support, streamlined market access, and strategic resource connections. These efforts will support Fosun's development in Abu Dhabi's key growth sectors, including healthcare innovation, wealth management, fintech, tourism and Hive City projects. Together, ADIO and Fosun aim to further amplify Fosun's influence across the Middle East.

ADIO enables investors to establish and grow their businesses in the region. It supports market leaders in expanding globally from Abu Dhabi, providing access to a strong partner network and interconnected economic clusters. With tailored guidance and resources, ADIO contributes to sustainable growth and long-term investment in the emirate's dynamic economy.

H.E. Badr Al-Olama, Director General of ADIO, said: "Abu Dhabi continues to attract the world's most prestigious companies, reinforcing the emirate's standing as a globally attractive investment destination. Partnering with Fosun International underscores our commitment to promoting high-impact investments that drive innovation and accelerate Abu Dhabi's economic transformation. As one of China's most reputable conglomerates, Fosun's entry into Abu Dhabi will open new avenues of collaboration across diverse industries, further advancing the emirate's vision of robust sustainable economic growth."

According to the agreement, Fosun will collaborate with ADIO to enhance Abu Dhabi's efforts to attract global investors and family offices, in addition to supporting the development of ADIO's economic clusters.

In addition, Fosun's key members in the financial and technology sectors—Fosun Wealth Holdings and Finloop—are actively engaging with relevant institutions in the Middle East to explore cooperation opportunities in wealth management and fintech. These efforts aim to further support Abu Dhabi in building a world-class investment ecosystem.

Wilson Jin, Senior Vice President of Fosun International, commented: "Abu Dhabi's strategic location, business-friendly environment and world-class regulatory framework make it the ideal hub for Fosun's next phase of international growth and scaling our subsidiaries. The partnership with ADIO will allow us to expand our footprint, attract top-tier investors and contribute to the emirate's economic vision."

Strengthening Presence in the Middle East: Fosun's Recent Developments

After more than 30 years of development, Fosun has grown into a benchmark for Chinese private enterprises in global operations. With operations in more than 35 countries and regions, Fosun's industrial ecosystem increasingly demonstrates its synergistic advantages. Under the new economic landscape, Fosun continues to advance its globalization efforts. The Middle East, with its economic vitality and high-growth potential, is gradually becoming a key frontier in Fosun's global operation strategy.

In December 2024, Hainan Mining's wholly-owned subsidiary, Roc Oil, successfully completed the full offer for Tethys Oil AB, acquiring its multiple oilfield blocks in Oman. This transaction not only marks the continued advancement of the company's internationalization strategy, expanding its business operations into the Middle East and enhancing its global operational capabilities, but also provides broader opportunities for future growth.

In November 2024, Fosun Pharma's innovative biopharmaceutical subsidiary, Henlius entered into a strategic collaboration with AL-TIRYAQ AL-KHALAWI Medical Company ("SVAX"). The two parties will establish joint ventures in Saudi Arabia to integrate Henlius' leading capabilities in the research, development, and manufacturing of biologics with SVAX's local expertise in registration, market access, and commercialization. The collaboration seeks to advance the global registration and commercialization of multiple Henlius products and enhance the accessibility of advanced biologics across the Middle East, North Africa, and Türkiye (MENAT) countries, and benefit more patients. In June last year, Henlius' independently developed and produced product, Hanquyou® was successfully shipped to Saudi Arabia, marking the first domestically produced monoclonal antibody biologic drug to enter the Middle Eastern market.

FFT, a global leader in flexible automation production line solutions under Fosun, signed a joint venture agreement with Saudi family business Khaled Juffali Company (KJC) in July 2024. The plan is to establish a commercial technology entity in Saudi Arabia, and collaborate with Shanghai Easun Technology, FFT's parent company under Fosun, to provide automated production line solutions for Saudi Arabia's electric vehicle industry. The joint venture has already secured its first project in Saudi Arabia's automotive sector.

In just six months, Fosun has achieved successive breakthroughs in the Middle East market, spanning multiple sectors including healthcare, energy, finance, and intelligent manufacturing. This string of achievements not only stems from Fosun's unwavering execution of its "globalization" strategy but also demonstrates Fosun's excellent operational capabilities and strong advantages in resource integration. Meanwhile, Fosun's rich experience in the Chinese market and its diversified, synergistic industrial ecosystem have shown Middle Eastern partners the enormous potential for collaboration and shared success.

Fosun International Chairman, Guo Guangchang, stated: "Fosun looks forward to establishing long-term and stable strategic cooperation with more Middle Eastern partners. As a company with global operational capabilities and deep roots in the Chinese market, I believe Fosun is the best strategic partner. With our global operational capabilities and extensive experience, Fosun can achieve sustainable value growth with Middle Eastern partners and create a new win-win ecosystem. "

Cision View original content:https://www.prnewswire.com/news-releases/fosun-joins-hands-with-abu-dhabi-investment-office-adding-new-momentum-to-middle-east-strategy-302381468.html

SOURCE Fosun

FAQ

What are the key benefits of Fosun's (FOSUY) partnership with Abu Dhabi Investment Office?

The partnership provides Fosun with tailored investment support, streamlined market access, and strategic resource connections in Abu Dhabi's key growth sectors including healthcare innovation, wealth management, fintech, tourism, and Hive City projects.

What recent acquisitions has Fosun (FOSUY) made in the Middle East in 2024?

In December 2024, Fosun's subsidiary Roc Oil acquired Tethys Oil AB's oilfield blocks in Oman, expanding its operations in the Middle East energy sector.

What is Fosun's (FOSUY) strategy for the Saudi Arabian market?

Fosun is expanding in Saudi Arabia through two major initiatives: Henlius' partnership with SVAX for biologics commercialization, and FFT's joint venture with Khaled Juffali Company for automotive sector solutions.

How many countries does Fosun (FOSUY) currently operate in?

Fosun operates in more than 35 countries and regions globally, with the Middle East becoming a key frontier in its global operation strategy.

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