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ADGM Chairman Ahmed Jasim Al Zaabi visited IFC to meet international and local entities based in the jurisdiction to discuss the growth and development achieved by the ADGM business community
ADGM’s accelerated growth strategy reflects its commitment to fostering local innovation in traditional and new-age finance in various clusters. — Wamm
Abu Dhabi Global Market (ADGM) celebrated its landmark seventh anniversary on Sunday with its vibrant business community.
On this occasion, ADGM Chairman Ahmed Jasim Al Zaabi visited IFC, met with international and local entities based in the jurisdiction, discussed the growth and development achieved by ADGM’s business community, and identified opportunities to support its growth in the region. future plans while creating lasting sustainable opportunities for the national economy.
The tour begins with a meeting with Emirati students from ADGM Academy’s National Development Programme to discuss Emiratisation efforts within the private sector, and then meets with ADGM-based global tech ecosystem, Hub71, to present Hub71’s second cohort of incentive programmes for 2016 onwards – Ups raised over $67 million in total.
The tour continued with further meetings with ICE Futures Abu Dhabi (IFAD), the UAE’s first international derivatives exchange, to discuss ADGM as a commodities trading hub and to explore asset management opportunities with a group of local asset managers. He also toured the new co-working facilities within the IFC, cloud spaces that serve businesses of all sizes, ergonomically designed meeting rooms, private meeting spaces and co-working lounges.
In addition to this, a special banker’s luncheon was organized with well-known representatives from ADGM’s leading financial institutions. Closing with the Chairman’s presence at the inauguration of BCP Bank (Mauritius), the sixth largest banking group in Africa, Morocco’s leading banking institution and the latest addition to the ADGM community.
Speaking of ADGM’s seventh anniversary and his trip to IFC, Ahmed Jasim Al Zaabi said: “As we mark the seventh year of our journey and look back, we see ADGM improving its status as an investment and business hub Substantial progress has been made in the international standing of ADGM and is eager to continue this development in the realization of ADGM’s industry-based strategy. A major part of this progress is through our business community’s strong trust in ADGM and Abu Dhabi and its Leaders for harnessing the value of transformative economic growth in Abu Dhabi, the UAE and the wider region.”
He said ADGM’s accelerated growth strategy reflects its commitment to fostering local innovation in traditional and new-age finance across various clusters including virtual assets, cleantech, healthtech and cybertech. “This strategic drive not only creates enormous opportunities for business development, local market adoption and talent acquisition, but also serves future-proof ADGM by enabling a business ecosystem as an international preferred destination.”
In just seven years, ADGM has grown exponentially and gained the attention of the global and regional financial community, becoming the destination of choice for several local and cross-border businesses. — Ten thousand
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