Blackstone Inc. has committed $250 million to an Abu Dhabi-based payments technology platform, underscoring its confidence in the region despite rising geopolitical tensions linked to the Iran conflict.
The investment, made through funds managed by the firm, supports Advanced Digital Gaming Technology (ADGT), a provider of payments and compliance solutions for the commercial gaming sector. ADGT was established through a partnership involving Blackstone, Abu Dhabi-based Raya Holding, NRT Technology, and Sightline Payments.
According to a statement, ADGT is the only licensed platform capable of contracting directly with both land-based venues and online operators, offering a seamless payments experience for users and businesses.
Jon Gray said the firm sees strong potential to deploy capital at scale in the UAE, building companies that can expand both locally and globally despite short-term challenges.
With around $1.3 trillion in assets under management, Blackstone has operated in the UAE since 2010. Its investments in the country include GLIDE, a regional logistics platform developed with Lunate, and Property Finder, a leading property marketplace.
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