Ahmed Al Sayegh, the chairman of the Abu Dhabi Global Market, mentioned on numerous occasions that the Emirate has been working hard to enter the top 10 financial centers worldwide. His efforts did not remain unnoticed.
The London-based market intelligence company Z\Yen raised its rank by three places to number 25 in the Global Financial Center Index. For Al Sayegh, it was a real endorsement of the long term efforts of his team and anyone involved. The news comes in busy times for the Abu Dhabi’s dynamic financial industry. Earlier this year, it launched the ADGM Talent Hub to attract international educational institutions. In addition to that, the INSEAD Campus moved to Al Maryah Island, and it is expected to open soon.
The Emirate also continues to improve the fintech environment. Last year, it launched the RegLab incubator for fintech startups. Alongside KPMG, it also started the Abu Dhabi Innovation Challenge. The Emirate is also planning to host a fintech conference in the near future, admitted Al Sayegh. Abu Dhabi also made some steps towards improving the legislation to accommodate the increasing needs of the industry. At the same time, Dubai was recently placed 7th in the GFCI rankings which was the highest place of a Middle Eastern financial hub.