Abu Dhabi Sovereign Wealth Fund Entering ADGM

In 1976 the Abu Dhabi Government established an independent investment authority, which is called the Abu Dhabi Sovereign Wealth Fund. Main task of this authority is performing investments on behalf of the emirate. Lately, Sheikh Hamed bin Zayed Al Nahyan, the Fund’s Managing Director, announced that the authority is going to enter the Abu Dhabi Global Market (ADGM).

The ADGM is the low-tax financial services hub in Abu Dhabi. In the UAE this hub is the leading financial center and it creates and implements major financial trends for the whole region. Moreover, the Managing Director of the Abu Dhabi Investment Authority claimed that many global financial institutions from all over the world have already joined the ADGM. Therefore, this is a very timely and forward-looking decision for development of the emirate.

Currently the Abu Dhabi Investment Authority works with more than two dozen asset classes and other asset categories. While building cooperation with the ADGM, the Abu Dhabi Sovereign Wealth Fund will invest in building and development of the platform. Also, Ahmed Al Sayegh, Chairman of the ADGM confirmed that the hub looks forward to collaborating with both local and global investment funds, companies and authorities.