Abu Dhabi’s ADGM financial center to expand jurisdiction by 10 times its current size

Abu Dhabi’s ADGM financial center to expand jurisdiction by 10 times its current size

Abu Dhabi Global Market (ADGM) will expand its area of jurisdiction to 10 times its current footprint, it said on Monday, part of Abu Dhabi’s plans to diversify by making its financial sector a major contributor to the economy. ADGM, a financial free zone and the international financial center of the United Arab Emirates capital Abu Dhabi, will addal-Reem Island to its current location on al-Maryah Island.

For the latest headlines, follow our Google News channel online or via the app. ADGM said the expansion would create one of the largest concentrated financial districts in the world, with an area of 1,438 hectares. Since its founding in October 2015, ADGM has 5,500 business licenses operating within it, it said.

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