ADGM intends to provide a registration platform that is extremely efficient and transparent to help facilitate the process of operating in the free zone area.
For its market contributors and stakeholders all around the world, the FSRA is committed to operating an unbiased, well-organised and responsive regulatory environment.
The Abu Dhabi Global Market is now officially open for business as the FSRA begins processing applications for financial services licences.
Designed to diversify the Emirate’s economy away from oil, the Abu Dhabi Economic Vision is a comprehensive plan for the long-term transformation of the economy, by focusing on knowledge-based industries. The Vision aims to develop a sustainable economy that will continue to prosper long after oil and gas production has eventually come to an end.
The Abu Dhabi Global Market (ADGM) known as the International Financial Centre (IFC) in Abu Dhabi. The financial free zone provides local, regional and international institutions a platform that is secure and efficient for them to operate in.
ADGM intends to provide an environment that uses a business-friendly approach with its three independent authorities (The Financial Services Regulator, The Registration Bureau and The Courts) that operate with the best practices that are recognised by the major financial centres across the world.
ADGM offers a comprehensive set of financial services to firms and individuals that focus around three basic elements which are private banking, asset management and wealth management. The Abu Dhabi Financial centre will host a wide variety of financial institutions, commodities and producers as well as offer new financial products that are not currently being provided by any other IFC in the Middle East region. ADGM will also differentiate itself from other financial markets by creating a legal, regulatory environment that will help them meet the needs of their global investors and other financial institutions that are operating in the four major global financial markets.
Other benefits of the Abu Dhabi Global Market are its unique location directly in the heart of the Abu Dhabi. It is based in The Al Maryah Island which is a vibrant business and living community. ADGM also has an excellent infrastructure, Independent jurisdiction (administered by the ADGM Courts), all free zone benefits and excellent connectivity with other IFC centres in the Middle East and other global financial markets.
The Abu Dhabi Statistics Centre said it attributes the FDI rise to the increase in various economic activities
Real estate activities, which include property sales for non-residents, reaped Dh23.793 million during 2015.
Abu Dhabi: The foreign direct investment (FDI) in Abu Dhabi grew by 8.6 per cent to Dh88.95 billion in 2015 compared with Dh81 billion in 2014, according to a foreign investment survey conducted by Abu Dhabi Statistics Centre.
The survey covered foreign direct investment for economic activity, the portfolio…Read More...
Dubai started the free zone concept some 30 years ago. Today, there are more than 30 free zones…Read More...