Abu Dhabi launches $100m tourism investment fund

The Abu Dhabi government has launched a US$100 million investment fund designed to boost the emirate’s culinary sector.

The Abu Dhabi Culinary Investment Fund (ADCIF) will be used to build a new culinary school with a focus on maritime sustainability and food security, according to a statement from the Abu Dhabi Department of Culture and Tourism.

It will also be used to fund recruitment, training and other staffing resources in the sector.

Applicants looking to benefit from the fund’s investment must be globally recognised chefs or brands with a multi-regional presence.

The ADCIT will also co-invest with local asset management partners while also offering incentives to international chefs and restaurateurs to set up in Abu Dhabi.

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