, an international financial centre
(IFC) located in the capital city of the United Arab Emirates, opened
for business on 21 October 2015.Established by UAE Federal Decree
as a broad-based financial centre, ADGM plays a pivotal role in
positioning Abu Dhabi as a global centre for business and finance.
ADGM
serves as a strategic link between the growing economies of the Middle
East, Africa and South Asia and the rest of the world.
Based in
Abu Dhabi, home to one of the world’s largest sovereign wealth funds and
one of the highest concentrations of high-net-worth-individuals in the
world, ADGM’s strategy is anchored by Abu Dhabi’s key strengths
including private banking, wealth management, asset management and
financial innovation.
Comprising three independent authorities:
the Registration Authority, the Financial Services Regulatory Authority
and ADGM Courts, it enables registered financial institutions, companies
and entities to thrive and operate within an international regulatory
framework based on Common Law.
Since its inception, ADGM has been
awarded the "Financial Centre of the Year (MENA)" for two consecutive
years for its initiatives and contributions to the financial and capital
markets industry in the region.
As part of its mandate, ADGM
oversees and governs the Al Maryah Island, a designated financial free
zone covering 114-hectares of financial and commercial services
including residential, retail, leisure, hotel and office developments.