ADQ, a global sovereign investor focused on infrastructure and supply chains, has partnered with Orion Resource Partners, a leading metals and materials investment firm, to launch a 50-50 joint venture in Abu Dhabi. The venture will invest strategically in metals and mining to strengthen supply chain security locally and globally, with an initial capital commitment of USD 1.2 bln over four years.
Based in Abu Dhabi Global Market (ADGM), OMF (ME) JV LP (Orion Abu Dhabi) will invest in mining companies through equity, senior debt, and production-linked instruments such as royalties, streams, and offtakes. It will focus on a diverse range of metals and minerals, initially targeting emerging markets in Africa, Asia, and Latin America.
As part of its strategy, Orion Abu Dhabi will secure long-term agreements to source key minerals, including copper and high-grade iron ore, essential for supply chain security and energy transition. The venture aligns with ADQ’s recently established Infrastructure & Critical Minerals cluster, which includes investments in Alpha Dhabi, Construction Holding, and Plenary Group. The initiative aims to support Abu Dhabi’s economic resilience and benefit downstream sectors like manufacturing and clean energy.
Leveraging ADQ’s global reach and Orion’s sector expertise, the joint venture aims to build a strong investment portfolio over the coming years. Orion Abu Dhabi will expand Orion’s global presence to five offices and will be led by Philip Clegg, a veteran in natural resources and mining investments with over 20 years of experience, the company said.
Established in 2018, ADQ is an active global sovereign investor and a strategic partner to the Government of Abu Dhabi. ADQ’s total assets amounted to USD 225 bln as of 30 June 2024.
