ADGM boosts Abu Dhabi's standing as global financial hub

Abu Dhabi's international financial centre, ADGM, has significantly bolstered the emirate's position as a global financial hub. The centre reported a 54% increase in assets under management and saw its number of active business licenses climb to nearly 14,000.

The growth indicates ADGM's success in attracting international financial institutions and corporations to Abu Dhabi. The centre aims to foster a competitive and well-regulated environment that supports regional economic development.

ADGM's expansion aligns with Abu Dhabi's broader economic diversification strategy. Developing the financial services sector is a key component of the emirate's plan to reduce its reliance on oil revenues and build a more sustainable economic base.

The increase in financial activity is also expected to stimulate local businesses and employment. The influx of investment and enhanced financial services provision are creating new opportunities and strengthening the region's overall economic ecosystem.