ADGM positions Abu Dhabi as fastest growing IFC in region

ADGM positions Abu Dhabi as fastest growing IFC in region

ABU DHABI / WAM

Abu Dhabi Global Market (ADGM) accomplished several notable achievements in 2022, making it the fastest-growing IFC in the region. ADGM has been instrumental in positioning Abu Dhabi as a leading financial powerhouse and a ‘falcon economy’ by leveraging its strengths and contributing to innovation, transformation, and diversification across various key sectors.

In 2022, ADGM’s strategic impetus across traditional and new-age finance clusters created opportunities for commercial development, local market adoption, and access to talent. The IFC enhanced its operating model, organisation structure, streamlined processes, and improved systems to improve efficiency.

ADGM’s assets under management grew by 56% in 2022. In 2022, ADGM Square’s workforce reflected 10,954 talented individuals as compared to 8,522 in 2021, displaying a rise of 29%. ADGM signed a total of 25 MoUs in 2022, promoting the centre’s business-friendly environment that facilitates ease of doing business, customer service and seamless integration of operations within the IFC.

Total active licences at ADGM were 5546, including both financial services firms and non-financial firms compared to 4262 companies reported in 2021, showcasing a total increase of 30% of active licences in 2022, while operational entities within ADGM showcased a growth of 30% with the total number