Banking & Finance UAE’s Royal Group targets US investments By Reuters May 12, 2023 Creative Commons/NATO Sheikh Tahnoon says the company believes in investing for the long-term and actively seeking out opportunities The chairman of Abu Dhabi-based conglomerate Royal Group, Sheikh Tahnoon bin Zayed Al Nahyan, said the company has identified “outstanding” investment opportunities in the US market that it plans to pursue. “First and foremost, I’d like to reiterate that I firmly believe in the stability and potential of the US market,” Sheikh Tahnoon, who rarely speaks publicly about investments, said in a statement to Reuters. “Despite current fluctuations, we have identified a number of outstanding investment opportunities that we plan to pursue.” Sheik Tahnoon is the brother of UAE President Sheikh Mohamed bin Zayed. He is one of two deputy rulers of Abu Dhabi and oversees a sprawling investment and business portfolio in the emirate. Royal Group’s businesses and subsidiaries span sectors including healthcare, real estate and construction, AI, technology, hospitality and media, among others. “I want to make it clear that we do not support nor engage in shorting the market,” Sheikh Tahnoon said, referring to recent market speculation. “We believe in investing for the long-term and actively seeking out opportunities that create meaningful, lasting impact.” In March, Sheikh Tahnoon was appointed chairman of the Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds in the world, in addition to his role as chair of ADQ, another, smaller Abu Dhabi investment fund. In its 2021 Review released last October, ADIA said its long-term portfolio strategy sets exposure to North America at a range of 45 percent to 60 percent, to Europe at 15 percent to 30 percent and emerging markets at 10 percent to 20 percent.