APICORP’s debut green bonds raise $750m

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Updated 06 October 2021
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APICORP’s debut green bonds raise $750m

  • Public offering nearly 3 times oversubscribed

RIYADH: The Arab Petroleum Investments Corp., a multilateral development financial institution focused on the energy sector, raised $750 million from its debut green bonds, said a statement issued by the company.

The US-denominated five-year benchmark issuance was nearly three times oversubscribed, garnering $2.2 billion in orders from more than 80 institutional and sovereign investors, it said.

This is the first green bond in the Middle East and North Africa region issued by an energy-focused investment institution.

All projects funded by APICORP using these green bonds will be aligned with the UN Sustainable Development Goals, with a focus on renewable energy, green buildings, pollution prevention and control, and low-carbon technologies and solutions.

A designated Green Bond Committee will oversee the evaluation process of the projects. 

The company also plans to issue an annual green bond report on the environmental impact of the bonds.


Abu Dhabi economy surges to record Q3 growth

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Abu Dhabi economy surges to record Q3 growth

  • The non-oil sector, a key driver of the emirate’s diversification strategy, grew 7.6 percent year on year, contributing 54 percent of total GDP in Q3, or 175.6 billion dirhams

RIYADH: Abu Dhabi’s economy expanded 7.7 percent in the third quarter of 2025, reaching a record quarterly GDP of 325.7 billion dirhams ($88.69 billion), the Statistics Centre – Abu Dhabi reported. The non-oil sector, a key driver of the emirate’s diversification strategy, grew 7.6 percent year on year, contributing 54 percent of total GDP in Q3, or 175.6 billion dirhams.

For the first nine months of 2025, Abu Dhabi’s overall GDP rose 5 percent, while non-oil activity increased 6.8 percent, reflecting sustained resilience amid shifting global economic conditions.

Ahmed Jasim Al-Zaabi, chairman of the Abu Dhabi Department of Economic Development, said the performance underscores the strength of the “Falcon Economy,” built on diversification and long-term value creation. “Eighteen consecutive quarters of growth, driven by non-oil sectors, highlight the depth of our diversification framework and the effectiveness of our policies,” he said.

With strong fundamentals and a business-friendly environment, Abu Dhabi continues to attract capital, talent, and enterprises, supporting its long-term economic ambitions. 

The construction sector stood out as one of the strongest performers in Q3 2025, expanding 13.9 percent year on year and contributing 9.4 percent to Abu Dhabi’s GDP. Meanwhile, the financial and insurance sector posted 8.5 percent year-on-year growth, accounting for 6.5 percent of GDP, with a value added of 21.3 billion dirhams.