Abu Dhabi-based holding company ADQ and agribusiness investment firm E20 Investment have signed an agreement to set up an animal healthcare platform in the emirate.

The platform will initially comprise a manufacturing facility for animal vaccines and a complex consisting of two veterinary hospitals. 

Further details of the investment have not been revealed.

The initiative is geared at "enhancing Abu Dhabi’s position as a regional leader in high-end veterinary services for horses and camels while producing the most technologically advanced animal vaccines serving the Middle East and Africa region".

Supporting Abu Dhabi's drive for diversification, ADQ has been directing investments into multiple sectors in the region. Most recently, it acquired a majority stake in Cyprus-headquartered agriculture company Unifrutti.