UAE: Global asset manager PGIM has partnered with Abu Dhabi Global Market Academy (ADGM) to open an AI and sustainable technology research hub focused on real assets in Abu Dhabi.
The RealAssetX Abu Dhabi Innovation Centre will focus on climate technologies, AI-driven asset management, and emerging applications such as blockchain, advanced materials, and smart infrastructure systems.
The centre is scheduled to open in September at ADGM Academy’s offices, supporting the UAE’s plans to develop future-ready talent and integrate AI across sectors including real estate, infrastructure, and smart cities.
The real asset sector includes tangible assets such as real estate, infrastructure, land, and natural resources.
The launch follows a December partnership between PGIM and the Abu Dhabi Investment Office to support the hub’s establishment. PGIM opened its Abu Dhabi office in September last year.
RealAssetX, which PGIM Real Estate launched in 2023, uses proprietary data and partnerships with universities and technology companies to develop tools for asset owners, operators, and managers.
Mohammed Abdulmalek, head of the Middle East at PGIM said: “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.
Mansoor Jaffar, chief executive of ADGM Academy and Research Centre said that the partnership will “support innovation and position Abu Dhabi as a hub for smart infrastructure.”
Highlights:
-
PGIM has launched an AI and sustainable technology research hub in Abu Dhabi with ADGM Academy.
-
The RealAssetX Abu Dhabi Innovation Centre has been set to open in September.
-
The centre has focused on climate technologies, AI-driven asset management, and smart infrastructure systems.
-
PGIM has partnered with the Abu Dhabi Investment Office to support the launch of the centre.
