Description
The focus off this proposal will be on the implementation of an Enterprise Resource Plan (ERP) at Abu Dhabi Investment company (ADIC). ADIC was established in 1977 by presidential decree with the aim of investing on behalf of the Government of Abu Dhabi. It is situated in Abu Dhabi, United Arab Emirates. The Company received a new mandate in 2007 for attracting and managing third-party funds, besides investing government assets. In Mid 2009, a new name was adopted, “Invest AD” so as to reflect this strategy. Presently, the Company provides its expertise in investment to institutional investors. Invest AD is owned by the Abu Dhabi Investment Council (ADIC) and intimately aligns with the long term objectives of the Abu Dhabi government aimed at growth and diversification as explicitly expressed in the long-term strategy of the government, the Abu Dhabi 2030 Vision. Invest AD has approximately 500 employees. ADIC provides services in financial advisory, including providing services in financial valuation for strategic investments, acquisitions, mergers, restructuring, and private placements (ADIC, 2014). The Company focuses on seed capital, start-up ventures early stage, existing Limited Liability Company, as well as holistic completion and expansion of projects meant for investment with instant funding. Invest AD acts as a lender and finances are distributed on a set annual interest rate to the entrepreneurs and equity partners for their projects (ADIC, 2014).
This project proposal will focus on the implementation of an Enterprise System in Abu Dhabi Investment Company.
