Abu Dhabi’s ADGM witnesses 56% rise in assets under management in 2022

Abu Dhabi’s ADGM witnesses 56% rise in assets under management in 2022

Abu Dhabi Global Market (ADGM) has announced that it ended 2022 on a high note due to several milestones achieved by the international financial centre (IFC). The previous year saw ADGM’s strategic impetus across traditional and new-age finance clusters create opportunities for commercial development, local market adoption and access to talent. In line with this, the IFC improved its operating model, organisation structure, streamlined processes and enhanced systems for efficiency. Ahmed Al Jasim Al Zaabi, chairman of ADGM said, “Through substantial progress achieved in 2022, ADGM has strongly positioned itself as the fastest growing IFC in the region and continues to contribute to the growth of Abu Dhabi’s ’falcon economy’, enhancing its international standing as the ‘capital of capital’. “Every milestone accomplished by ADGM has highlighted our capital city’s cemented foundation as a sustainable international financial hub demonstrating global significance.” He added, “The positive results obtained with the adoption of a tech-driven and functional cluster strategy by ADGM in 2022 are promising and will continue in 2023 as we see more and more global investors, businesses and professionals gravitating towards Abu Dhabi and making it their destination of choice to work and thrive.” In 2022, ADGM authorities took significant steps