The AUM of SWFs from the GCC, including the “Oil Five,” is forecast to reach $7.3 trillion by 2030
“Formula 1 race weekends are watched by more than 600 million viewers globally and the 2009 Formula 1 Etihad Airways Abu Dhabi Grand Prix, the final round of F1 2009 season, is one of the most anticipated events in the international sporting calendar. Therefore, hosting this world-class event will broaden Abu Dhabi reach and visibility both internationally,” Abdulla Mohammed Saleh AbdulRaheem, NBAD’s Group Chief Operating Officer told Khaleej Times in an interview here.
“I think Yas Marina Circuit and Yas Island in general will contribute positively towards developing Abu Dhabi as a leading international city with state-of-the-art facilities and enhance its global importance,’’ he said .
“There will be multi-facets gains for the whole country; some benefits may be direct such as the expected increase in the number of tourist and visitors of Abu Dhabi while others may be indirect by enhancing the growing global importance of the UAE and Abu Dhabi in particular.”
The event will help establish ‘Brand name for Abu Dhabi’. More than 600 million viewers who are watching the race will be associating Abu Dhabi with one of the most advanced and modern race tracks and state-of-the-art facilities at Yas Marina Circuit.
What will be the scale of involvement of NBAD in this event? To this he said, “NBAD has signed a three-year agreement to sponsor Yas Marina Circuit activities as the official partner of the circuit and the official bank of Formula 1 Etihad Airways Abu Dhabi Grand Prix.’’
“We believe this sponsorship is a natural progression for the bank; NBAD is a core part of the DNA of Abu Dhabi; this move confirms our commitment to serving and building Abu Dhabi and the wider UAE nation by participating in milestones events and financing projects across different economic sectors that contribute to the Abu Dhabi Vision 2030.’’
“Our investment in sponsoring this event will further strengthen NBAD’s association with world class events and enable the bank to increase its reach to global audience in accord with our expansions and vision to be the Number One Arab Bank,’’ Abdulla Mohammed said.
The AUM of SWFs from the GCC, including the “Oil Five,” is forecast to reach $7.3 trillion by 2030
Ilkay Gundogan, Phil Foden, Erling Haaland and James McAtee all scored in City's thorough dismantling of the Champions League debutants
Special flights are part of an initiative called 'Autumn with Dubai Civil Aviation Authority' launched on International Day for Older Persons
The 44-year-old Italian, in his first season at Stamford Bridge, has won his past four games in all competitions
Szczesny won the league and domestic cup three times each in more than 250 appearances for Juve
Dubai's Ruler took to social media to praise the minister's achievement
The record 20-time English champions are off to their joint-worst start in the Premier League era, collecting just seven points from six games
The two leaders highlighted the UAE’s ongoing commitment to supporting the wellbeing of its people