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A platform that offers limitless opportunities and paves the way for a brighter
future

Abu Dhabi boasts first-class infrastructure and unparalleled global
connectivity, making it a premier international destination. Its exceptional
qualities make it an ideal location to live, work, and conduct business.

Read about Abu Dhabi's lifestyle
Latest initiatives ADGM Announces Incentive Initiative for Existing Al Reem
Island Businesses Transitioning to ADGM ADGM Marks Its Presence on Al Reem by
Hosting its First Community Event on the Island
Providing an environment that empowers the future

A financial centre that provides transparency, efficiency, and integrity,
through its progressive frameworks, future focused infrastructure, all within a
familiar independent legal jurisdiction – ADGM is the perfect platform for
success.

Find out how to set up in ADGM
Latest news ADGM's Financial Regulator fines Sarwa Digital Wealth (Capital)
Limited USD 122,500 for making an Offer of Securities in ADGM without Approved
Prospectus ADGM Publishes a Discussion Paper on Enhancements to its Sustainable
Finance Regulatory Framework
Preserve our economies and environment for future generations

ADGM, the centre for a transparent and thriving sustainable finance ecosystem.

More about our Sustainability vision
Highlights ADGM, the Region's Leading Climate Finance Hub, Announces its Role as
Principal Partner at COP28 ADGM Implements its Sustainable Finance Regulatory
Framework
Stay up-to-date with our wide range of available resources

Our community of business professionals, entrepreneurs, and investors can depend
on ADGM to provide timely news and reliable insights.

Read our latest news articles
Upcoming events FSRA Supervision Outreach Session ADGM's 4th Annual FATCA and
CRS Awareness Session LINK Networking Series
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At ADGM, we offer various support options, including contact details, FAQs,
enquiry forms, and a whistleblowing form.

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ANNOUNCEMENT

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ABU DHABI: THE CAPITAL OF CAPITAL SEES A RECORD OF 211% SURGE IN AUM AT ADGM
SINCE Q1 2023

ADGM 3 days ago
 * Assets under management have increased by 211% from Q1 2023 to Q1 2024,
 * 107 asset and fund managers operating in ADGM, currently managing 137 funds.
 * The number of operational entities grew by 30%, and the workforce experienced
   a significant increase at the end of Q1 2024 compared to the same period last
   year.

ADGM, the international financial centre (IFC) of the UAE’s capital, continues
its solid performance paving the way for another strong year as the fastest
growing financial centre in the region, with a record-breaking start during the
first quarter of 2024 marked by an increase of 211% in Assets Under Management
(AUM) compared to the first quarter of the year 2023.

The growth trajectory of ADGM in Assets Under Management, coupled with a
significant increase during Q1 2024 in the number of operational entities, the
size of workforce and other elements of the IFC ecosystem, underscore the
concerted efforts and strategic initiatives undertaken to strengthen its
standing as a leading international financial centre, and reaffirms Abu Dhabi’s
position as a global financial powerhouse and a destination of choice for
regional and global entities.

> Commenting on ADGM’s continued growth and strong performance, H.E. Ahmed Jasim
> Al Zaabi, Chairman of ADGM said, “Abu Dhabi once again affirms its position as
> the leading financial powerhouse of the MEASA region. ADGM’s unwavering
> commitment to excellence, demonstrated through its initiatives and
> achievements, continues to drive remarkable growth, attracting talent,
> businesses, and quality investments from across the globe. This year holds the
> promise of even greater growth for ADGM and its ecosystem, marking a
> significant stride towards achieving Abu Dhabi’s economic goals and
> ambitions.”

Abu Dhabi: The Region's Premier Financial Hub for Asset Management

ADGM's asset management sector began 2024 with vigour, witnessing an
unprecedented influx of global asset managers establishing operations in the
IFC, and pushing the surge in the size of Assets Under Management within ADGM
during the first three months of the year 2024 to unprecedented figures reaching
a growth of 211% compared to the same period of 2023. By the end of March 2024,
the number of fund and asset managers operating in ADGM reached 107, managing
137 funds.

The attractiveness of ADGM as a holistic financial hub which stands as the sole
jurisdiction in the region to adopt the direct application of English common
law, has resulted in ongoing increase in the number and diversity of prominent
regional and global firms establishing in ADGM. By the end of March 2024, the
total number of operational entities in ADGM increased by 30% compared to the
same period last year, to reach 1950 including 291 financial services entities.

International roadshows to meet the interest in Abu Dhabi

In response to unprecedented demand from major global asset managers in the
hedge fund, private equity, and venture capital sectors, ADGM has embarked
during the first quarter of this year on a trade mission to multiple countries,
starting with the United States where more than 40 bilateral discussions with
hedge funds, private equity funds, and venture capital firms at the iConnections
Global Alts 2024. This event is recognised as the largest gathering for
alternative investment professionals, providing an unparalleled platform for
networking, collaboration, and the exchange of insights within the alternative
investment landscape.

Abu Dhabi's Liveability Sparks ADGM's Workforce Surge

ADGM's workforce has grown to over 25 thousand individuals, working on Al Maryah
Island, as more talented individuals choose Abu Dhabi as their destination to
live, work, and thrive.

Abu Dhabi's appeal extends beyond its business opportunities, it has been ranked
as the best and safest city to live in the region offering a high quality of
life with world-class amenities and infrastructure. Out of Abu Dhabi, ADGM is
further enhancing its attractiveness as a preferred destination for
professionals and investors alike.

In its 2024 Outlook, a comprehensive survey conducted among the ADGM community
provides insight into the promising prospects for ADGM as a preferred
destination. A total of 70.81% of companies anticipate expanding their workforce
in ADGM during 2024, with 29.93% expecting significant increases and 40.88%
planning moderate growth in staffing. This collective optimism reflects Abu
Dhabi's robust economic health and the strong confidence within the business
community in the conducive business environment of the IFC.

Empowering UAE Nationals: ADGM Academy's Success in Professional Placement

During Q1 2024 the ADGM Academy has achieved further success in training and
placing hundreds of Emirati nationals in professional job profiles across
various companies in the UAE. Through rigorous and comprehensive training
programs, the academy has equipped these individuals with the necessary skills
and knowledge to excel in their chosen fields. As a result, they have seamlessly
integrated into the workforce, contributing to the growth and success of their
respective companies, and bolstering the talent pool in the UAE.

Advancing Blockchain Innovation

Following the introduction of the DLT Foundations Regulations, ADGM signed a
strategic partnership with Solana Foundation, a non-profit organisation
dedicated to decentralisation, adoption, and security on Solana network. This
significant partnership is dedicated to enhancing Distributed Ledger Technology
(DLT) solutions and advancing blockchain innovation. The initiative aligns with
ADGM’s strategic vision of becoming a central hub for technology-driven
financial services.

Contributing to Global Regulatory Dialogue

Through proactive measures in enhancing regulatory frameworks and investor
confidence ADGM continues to play a pivotal role in fostering financial
stability and driving economic growth, through regulatory collaboration with the
world’s leading regulators. Hence the Registration Authority (RA) of ADGM became
a member of the International Forum of Independent Audit Regulators (IFIAR),
reinforcing its commitment to sustaining regulatory frameworks and allocating
resources that actively foster excellence in audit practices that help serve the
public interest.

Managing a Seamless Migration of Reem Island Businesses

2024 is the year of transitioning businesses on Al Reem Island for ADGM, which
is progressing smoothly and is well underway with several initiatives being
announced and implemented during Q1 2024 to support the businesses migration
process.

In addition to a series of awareness sessions and focus group meetings organised
by the RA of ADGM for representatives of businesses on Al Reem Island, ADGM
launched its information centre in Shams Boutik Mall, in Al Reem Island. This
centre is offering comprehensive support and actively gathering feedback to
engage with businesses and provide step-by-step guidance for registration within
ADGM.

The launch of the centre was followed by ADGM’s first community event on Al Reem
Island. Over 500 representatives from diverse businesses based on Al Reem Island
participated in the event. Additionally, officials from the Abu Dhabi Department
of Economic Development (ADDED) and the Department of Municipalities and
Transport – Abu Dhabi (DMT), were present to interact and engage with the
attendees.

The community event provided a platform for ADGM to unveil a new incentive
initiative tailored exclusively for businesses based on Al Reem Island,
operating in non-financial and retail sectors. Under this incentive initiative,
eligible businesses on the island will be relieved from any fees associated with
acquiring an ADGM commercial licence until October 31, 2024. This proactive
measure is designed to facilitate a seamless transition for these businesses,
allowing them to sustain their operations without additional financial
obligations as they transition from being an ADDED licensed entity to an ADGM
one.

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