Director "FIDA"The complex is a unified platform to strengthen the financial sector in Abu Dhabi
ABU DHABI, December 9, 2017 (WAM) – Fatima Al Hammadi, Director of the Financial Technologies, Insurance, Digital and Alternative Assets (FIDA) Complex, said that the new complex represents an advanced platform for developing the infrastructure of the financial sector and contributes to consolidating Abu Dhabi’s position as a leading global financial center.
Al Hammadi explained in statements to the Emirates News Agency, WAM, that the complex works to connect regulatory authorities, financial companies, financial technologies, academic research partners, and global investors.
She pointed out that the complex aims, by 2045, to enhance the sector’s contribution to the emirate’s economy, by adding 56 billion dirhams to the domestic product, attracting investments worth 17 billion dirhams, and providing 8,000 jobs in these sectors.
She stressed that Abu Dhabi today enjoys a strong financial base, with more than $1.7 trillion in assets managed by sovereign wealth funds, making it one of the strong global financial capitals.
She noted that the work within the complex takes place within one system, which aims to bring together regulatory bodies, technical institutions and international companies to work together to strengthen the financial sector and develop the modern financial infrastructure.
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