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ABU DHABI, 21st October, 2022 (WAM) — Abu Dhabi Global Market (ADGM), the UAE capital’s leading International Financial Centre (IFC), today celebrates its landmark seventh anniversary 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 also create lasting sustainable development 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, followed by a meeting with ADGM-based global tech ecosystem Hub71 to showcase Hub71’s second tranche of incentive programmes for 16 start-ups More than $67 million has been raised 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.
Commenting on ADGM’s seventh anniversary and his trip to IFC, ADGM Chairman Ahmed Jasim Al Zaabi said: “As we mark our seventh year and look back, we Substantial progress has been made in the international standing of the investment and business hub 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 unwavering trust in ADGM and Abu Dhabi and its leaders to capitalize on the value of transformational economic growth in Abu Dhabi, the UAE and the wider region.”
He further added: “ADGM’s accelerated growth strategy reflects a commitment to fostering local innovation in traditional and new-age finance across various clusters including virtual assets, cleantech, healthtech and cybertech. This strategic impetus 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 destination of choice.”
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.
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