The assets under management at Abu Dhabi Global Market (ADGM), the international financial centre at the UAE capital, has grown significantly over the past three years to reach $25 billion, ADGM Chairman said at an event held in Abu Dhabi today.

“Today, assets under management at ADGM have grown by more than fivefold to $25 billion as compared to $4.2 billion in 2017,” Ahmed Al Sayegh said

“ADGM has successfully attracted international and local investments and drove an increased focus on the region from asset managers,” he said.

Speaking at Bloomberg Capital Markets Forum in Abu Dhabi, Al Sayegh highlighted the role of ADGM at the Belt and Road Initiative.

“ADGM is the recognized Belt and Road platform for China in the MENA. We have established close operations with Chinese financial institutions and enterprises looking at various financial services related activities on fintech collaborations. Our commitment to the Belt and Road Initiative is a testament to our role in building up links and connectivity to different territories’ markets,” he said.

ADGM is working with Shanghai stock exchange to establish the first Belt and Road international exchange in the region. 

(Writing by Nada Al Rifai; Editing by Seban Scaria)

(nada.rifai@refinitiv.com)   

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© ZAWYA 2019