Abu Dhabi Global Market celebrates seventh anniversary

Abu Dhabi Global Market (ADGM) marked its seventh anniversary on October 21, with ADGM chairman, Ahmed Jasim Al Zaabi, taking a special tour to meet the international and local entities located at the financial centre.

Ahmed Jasim Al Zaabi, chairman of ADGM, said, “As we mark the seventh year of our journey and look back, we see ADGM‘s substantial progress in enhancing its international standing as an investment and commercial hub and are eager to continue this development in the realisation of ADGM’s sector-based strategy. A major part of this progress has been achieved through the unwavering trust our business community has placed in ADGM and the value Abu Dhabi and its leaders bring to harness transformational economic growth in Abu Dhabi, the UAE and the wider region.”

He added, “ADGM’s accelerated growth strategy reflects a commitment to boosting local innovation in both traditional and new-age finance across a diversity of clusters, including virtual assets, CleanTech, HealthTech and CyberTech. Not only does this strategic impetus create vast opportunities for commercial development, local market adoption and access to talent, but it also serves to futureproof ADGM through the realisation of a business ecosystem that is an international destination of choice.”

During his tour, Al Zaabi met with Emirati students of ADGM Academy’s National Development Programme to discuss the Emiratisation efforts within the private sector followed by a meeting with Hub71.

The tour continued with further meetings with ICE Futures Abu Dhabi, the first international derivatives exchange in the emirate, to discuss ADGM as the trade hub for commodities and with a group of local asset managers to explore asset management opportunities. He also toured the newly set up co-working facility within the IFC, Cloud Spaces that services offices for businesses of all sizes, ergonomically designed boardrooms, private meeting spaces and co-working lounges.

The tour ended with the chairman attending the opening ceremony of BCP Bank (Mauritius), the sixth-largest banking group in Africa in terms of equity, the leading banking institution in Morocco and the newest addition to the ADGM community.

In recent developments, Abu Dhabi Global Market Academy (ADGMA) the knowledge arm of Abu Dhabi Global Market and ADGM Courts, has launched the ‘School of Law’.

Read: Abu Dhabi’s ADGM Academy launches School of Law