Abu Dhabi Global Market continues epic journey as fastest-growing IFC in region

Abu Dhabi Global Market continues epic journey as fastest-growing IFC in region

Abu Dhabi Global Market (ADGM) is continuing to reinforce its position as a global hub for businesses looking to expand their operations in the region. ADGM’s rapid progress and achievements in just 8 years of operations have made it the fastest-growing international financial centre (IFC) in the MENA region in terms of numbers as well as geographic coverage.

Last year, ADGM began expanding its jurisdiction across Al Maryah Island in order to cater for the growing demand for a wider choice of office space, adding an additional 32,000 sqm with the introduction of the Al Maryah Tower. Earlier this month, the financial district announced the expansion of its jurisdiction as a financial free zone to combine the area of Al Maryah Island and Al Reem Island to enlarge its footprint by a factor of 10, and now covers a total area of 14.38 million sqm, becoming one of the largest financial districts in the world and attracted industry giants such as Bridgewater Associates, the world's largest hedge fund, and more recently the IPA for Goldman Sachs to open a branch.

The success of ADGM, according to CEO Dhaher Al Mheiri, is reflected in the rising demand for its services and for companies