Our Sovereign PPG UAE Operations Director, Zana Jablan Musa commented on an article in the latest issue of fDi Intelligence magazine - Abu Dhabi becomes an asset managers hotspot. Zana comments, "ADGM offers a cost effective set-up especially for start-ups and smaller firms, with lower registration fees and flexible office space options. The DIFC, being more more established, may come with higher associated costs, but these costs reflect its established infrastructure and market reputation." Read the full article on page 48-49: https://lnkd.in/dneT35gJ #fDiIntellegence #SovereignPPG #UAE #ADGM #DIFC
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Hello from the Capital of Capital, Abu Dhabi (UAE) Abu Dhabi’s designation as “The Capital of Capital” is a testament to its increasing role in the global financial landscape. The emirate’s strategic initiatives and robust economic policies have attracted substantial international investments, solidifying its status as a premier financial hub. Some Factors Underpinning Abu Dhabi’s Financial Eminence: 💰 Sovereign Wealth Assets: As of October 2024, Abu Dhabi manages approximately $1.7 trillion through its sovereign wealth funds, surpassing global counterparts and underscoring its financial leadership. ⚡️ Economic Diversification: The emirate’s non-oil GDP experienced a 9.1% growth in 2023, driven by sectors such as finance, industry, and construction, reflecting a deliberate shift towards a diversified economy. 🏦 Financial Sector Expansion: In the first half of 2024, Abu Dhabi Global Market (ADGM) reported a 31% increase in company registrations, with assets under management soaring by 226%, highlighting the emirate’s appeal to global financial entities. 🤗 Attraction of Global Asset Managers: Prominent firms have established offices in Abu Dhabi, drawn by its favorable regulatory environment and substantial access to institutional These developments affirm Abu Dhabi’s strategic vision and its emergence as a central node in global finance. #AbuDhabi #CapitalOfCapital #GlobalFinance #EconomicDiversification #InvestmentHub #SovereignWealth #FinancialServices #MiddleEastEconomy #ADGM #GlobalInvestments
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The UAE is often called the "capital of capital," and SS&C’s Punit Satsangi recently discussed the significance of Abu Dhabi Finance Week for SS&C Technologies. Stay tuned for more exciting content coming from the conference this week! #ADFW #FinancialTechnology #MiddleEastFinance
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The Capital of Capital strikes again! Abu Dhabi has claimed the title of the world’s wealthiest city globally by SWF, managing an impressive $1.7 trillion in assets. The capital of the UAE has become the most affluent cities in the world. Together with Abu Dhabi, five other prominent cities—Oslo, Beijing, Singapore, Riyadh, and Hong Kong—manage a remarkable $12.5 trillion in SFW assets, accounting for two-thirds of the total global wealth in this sector. Leading the charge are key players like the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, ADQ, Abu Dhabi Fund for Development, Tawazun Economic Council, and the Emirates Investment Authority. Not only does Abu Dhabi lead in financial assets, but it also excels in human capital, employing over 3,100 staff in its SWFs—the highest of any city. With assets expected to hit $3.4 trillion by 2030, Abu Dhabi is on track to secure its financial leadership for years to come. #ADFD #CapitalofCapital #AbuDhabi #UAE
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Abu Dhabi: #1 Ranking - World's Wealthiest City! Abu Dhabi has officially been named the world’s richest city, managing an impressive US$ 1.7 trillion in assets through its Sovereign Wealth Funds. This remarkable achievement is powered by institutions like ADIA, Mubadala, and ADQ, positioning the UAE's capital as a global leader in wealth and economic growth. The city's financial prowess makes it a premier destination for investors seeking stability and significant returns. As Abu Dhabi continues to grow, its influence in global markets is set to expand even further. Learn more about this milestone achievement here: https://lnkd.in/dv2_FjpQ #Abu Dhabi Investment Authority (ADIA) #WealthManagement #GlobalEconomy #InvestmentOpportunities #Mubadala #ADQ #SovereignWealthFunds #EconomicGrowth
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Abu Dhabi's real estate market is undergoing a remarkable transformation, fueled by a commitment to transparency, technological innovation, and strategic foreign investment. Leading this charge is the Abu Dhabi Real Estate Centre - مركز أبوظبي العقاري (ADREC). In this interview, Rashed Al Omaira, acting director general of ADREC, shares insights into the ambitious strategies that are shaping Abu Dhabi’s real estate landscape. Read the full interview: https://lnkd.in/dei_H5B9 #AbuDhabi #RealEstate #RealEstateNews #AbuDhabiRealEstate #Investment #FDI
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Next article in the Fairway Group Succession Series focuses on the growing trend of UAE Foundations being used as part of a holistic approach to wealth structuring #settingtherightfoundations
Fairway's Chris Mourant, Associate Director in Private Client discusses the transformative role of the Dubai International Finance Centre (DIFC) and the Abu Dhabi Global Market (ADGM) in shaping the Middle East's financial landscape. The raft of legislative changes aims to enhance the openness of the UAE's business climate in a way that supports the competitiveness of the national economy. Chris discusses key business initiatives launched in the region such as the 'Thabat' programme which aims to develop the family business industry, as well as the rise of foundations in the UAE, which as at January 2024 have reached a total of 1000. Read the full article here - https://bit.ly/43bcmdK #UAEFoundations #DIFC #ADGM
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At the Future of Finance forum in Dubai earlier this week, Arif Amiri – CEO of DIFC – highlighted the strength of Dubai’s ever-growing family office and business ecosystems, announcing that “the DIFC is home to over 120 families and 800 family-related structures and entities that manage more than $1.2 trillion in assets.” This vast figure reinforces the influential role family businesses play in the UAE’s economy, with further growth expected in this sector - driven by the countries growing status as a magnet for some of the world’s wealthiest individuals. As the ecosystem continues to go from strength to strength, our mission at EFOA – to foster connectivity and collaboration between families – is of paramount importance. Knowledge sharing is a key tool for driving further growth and we are more excited than ever to continue our work in this space. Read more in Bloomberg: https://lnkd.in/d9v9kQ5x #EFOA #FamilyOffices #familybusinesses #Dubai #UAE #growth #hub #strengthtostrength
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IQI, a leading international real estate investment company, has expanded its global footprint by opening a new office in Abu Dhabi. This strategic move leverages the UAE's Golden Visa program, offering long-term residency to skilled professionals and investors. By tapping into this initiative, IQI aims to attract high-net-worth individuals from around the world and facilitate significant foreign investment into the UAE's thriving real estate market. 🔗 Discover the full story and learn more about IQI's global reach in Abu Dhabi https://lnkd.in/gSN9-er6 #RealEstate #AbuDhabi #UAE #GlobalExpansion #PropertyInvestment #JuwaiIQI
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Dubai-Based Family Offices Manage Over $1 Trillion in Assets “Family businesses contribute significantly to Dubai’s economy” “The DIFC is home to over 120 families and 800 family-related structures and entities who manage more than $1.2 trillion in assets” neighboring Abu Dhabi, with its $1.5 trillion in sovereign wealth funds, the number jumped by 35%
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IQI, a leading international real estate investment company, has expanded its global footprint by opening a new office in Abu Dhabi. This strategic move leverages the UAE's Golden Visa program, offering long-term residency to skilled professionals and investors. By tapping into this initiative, IQI aims to attract high-net-worth individuals from around the world and facilitate significant foreign investment into the UAE's thriving real estate market. 🔗 Discover the full story and learn more about IQI's global reach in Abu Dhabi https://lnkd.in/gSN9-er6 #RealEstate #AbuDhabi #UAE #GlobalExpansion #PropertyInvestment #JuwaiAsia
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