Assets worth $9 trillion join Abu Dhabi Global

Abu Dhabi, December 18 / WAM / Abu Dhabi Global Financial Corporation (ADGM) enters its second decade with great momentum, announcing the joining of 11 new major global financial companies, representing assets under management exceeding $9 trillion.

According to a press release issued today by Abu Dhabi Global, this increase from US$635 billion last year and US$450 billion in 2023 is one of the largest expansions witnessed by any international financial center in the world during this year. It also strengthens Abu Dhabi Global’s position as the fastest growing in the region, and one of the most dynamic destinations in the field of asset management, globally.

The announcements, all of which were issued before and during the fourth and largest session of Abu Dhabi Financial Week, reflect Abu Dhabi’s growing influence as the “Capital Capital,” and consolidate the position of Abu Dhabi Financial Week as a global platform that highlights Abu Dhabi’s role as a global financial center, where capital flows are managed with the support of leading institutions and a world-class regulatory environment at Abu Dhabi Global Market (ADGM).

With a significant increase in total assets under management, represented by Abu Dhabi Global, the center continues to consolidate its position as the fastest growing international financial center in the region, and one of the most dynamic in the world.

This momentum reflects a qualitative shift that is not limited to gradual growth, but rather constitutes a pivotal shift in Abu Dhabi’s role within the global financial system.

During Abu Dhabi Financial Week, which was held between December 8 and 11, international financial companies, including Cantor Fitzgerald, BBVA, Arab Bank Switzerland – Gulf, and Planari ME Infrastructure Partners Ltd., along with the Eurasian Development Bank, ARM, and DLE Piper, revealed plans to establish a presence in Abu Dhabi Global, as it will cover the areas of asset management, banking, infrastructure investments, and consulting. related to sustainability and global legal services, in addition to other distinguished companies that announced their plans to join during the fourth quarter of the year, including the UBS Group, KKR, Julius Baer, Harbourvest, Madison Realty Capital, Partners Group, DWS, and Monroe Capital, which confirms the depth and sustainability of Abu Dhabi’s global growth path.

These commitments constitute a strong start to the next decade of growth for Abu Dhabi Global, and place the center among the top five international financial centers in the world.

Based on strong foundations, Abu Dhabi Global will continue to set international standards in priority growth areas, not only in asset management, but also in the entire spectrum of financial services, including digital assets, sustainable and green financing, and advanced family wealth management services, supported by an advanced and balanced regulatory framework, in line with the highest international standards.

Under the leadership of Abu Dhabi’s future vision, this new phase of growth allows Abu Dhabi Global to go beyond its role in responding to global financial transformations, to contribute effectively to reshaping the concept of the international financial center as a global gateway to capital, a platform for innovation, and a destination for attracting financial talent from the next generation.

His Excellency Ahmed Jassim Al Zaabi, Chairman of the Board of Directors of Abu Dhabi Global Capital (ADGM), said that the important commitments announced during Abu Dhabi Financial Week reflect the growing role of Abu Dhabi as a center for global capital flows, and the confidence that international companies place in our long-term vision. Over the past ten years, Abu Dhabi has established a flexible, reliable and advanced financial system, based on solid regulatory foundations, and the joining of international companies managing assets worth more than $9 trillion is no small achievement. It is a clear sign of confidence in Abu Dhabi’s international financial center and its ability to support advanced financial activities. As Abu Dhabi World enters its next decade, our focus is on deepening market capabilities, expanding the financial structure, and enhancing Abu Dhabi’s role as an interconnected global center, where capital is allocated purposefully and long-term value is built.

In a historic development in terms of regulating digital assets globally, the fourth session of Abu Dhabi Financial Week witnessed the announcement that Binance had obtained the first official global license from the Financial Services Regulatory Authority in Abu Dhabi Global, thus becoming the first cryptocurrency trading platform to obtain this license, allowing it to operate within a comprehensive regulatory framework from Abu Dhabi.

Richard Ting, Co-CEO of Binance, said during Abu Dhabi Financial Week, Binance became the first cryptocurrency platform in the world to obtain a comprehensive global license within the Abu Dhabi Global Framework, marking an unprecedented achievement in the digital assets sector. Our partnership with Abu Dhabi Global and our presence at Abu Dhabi Financial Week reinforce our firm belief in the long-term growth of the digital currency ecosystem, affirming our deep commitment to the region.

In addition, other companies in the financial technology and digital assets sectors, including iCapital, announced the opening of their first headquarters in the Middle East in Abu Dhabi, while companies such as Hashid Global Management, Circle Internet MEA Ltd., Galaxy Digital, and Animoca Asset Management are working to enhance the scale of their activities from Abu Dhabi Global.

The Abu Dhabi Global system is becoming more developed and deeper, with advanced and high-value activities becoming more established. This was embodied in the announcement by “RIQ”, a subsidiary of the International Holding Company, of its plans to enter into a partnership with “Swiss RE”, to develop reinsurance solutions supported by artificial intelligence, risk management and data, from its headquarters in Abu Dhabi International.

In a related context, JP Morgan Bank announced the expansion of its services in the field of payments and treasury management, starting from Abu Dhabi Global, which will enable the bank to provide a wide range of solutions, including liquidity management and multi-currency payment capabilities to its clients in the region.

In addition to these global institutions, local platforms are working to strengthen the market infrastructure in Abu Dhabi and consolidate its role as a global center for capital formation.

The number of memorandums of understanding that were signed reached a total of 82 during the week.

Together, these initiatives demonstrate how Abu Dhabi is thoughtfully designing its capital network, by aligning technology, regulations, and market structure, to shape the next chapter of financial innovation.

All of these announcements came during the fourth session of Abu Dhabi Financial Week, which was held under the slogan “Capital System Prospects,” and brought together global leaders and senior executives from various financial services sectors and the broader financial system.

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