ABU DHABI: Abu Dhabi’s financial hub yesterday posted a 42 per cent year-on-year increase in registered entities in the first half of 2025, as global firms look to deepen their presence in the Gulf and gain proximity to the emirate’s powerful sovereign wealth funds.
The Abu Dhabi Global Market (ADGM) also reported a 42 per cent increase in its assets under management since last June, with the financial hub now home to 154 fund and asset managers managing a total of 209 funds.
ADGM is a financial free zone built on English common law.
Abu Dhabi has been intensifying its push to diversify beyond hydrocarbons by leveraging its vast sovereign wealth funds, which collectively manage nearly US$2 trillion — more than any other city worldwide.
The United Arab Emirates has become increasingly attractive to companies and high-net-worth individuals in recent years.
Key entrants to ADGM in the first half of the year include Kimmeridge and Fortress Investment Group, with the latter signing a US$1 billion partnership with Abu Dhabi sovereign wealth fund Mubadala in May. — REUTERS
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