Abu Dhabi Continues To Be The Destination of Choice for Global Players With ADGM’s Record-Breaking Numbers for First Half of 2023

• The expansion of ADGM’s jurisdiction to Al Reem Island marks another milestone, creating one of the largest concentrated financial districts in the world and opening new doors of opportunities to support the IFC’s growth journey in the coming years.
• ADGM’s accelerated growth reinforces Abu Dhabi as a world-class ecosystem, showcasing an increase of 119% in the number of In-Principal Approvals (IPAs) granted in the first half of 2023, compared to 2022.
• As the Gulf Cooperation Council’s (GCC’s) largest powerhouse contributing a share of 62% of total capital deployed by the Gulf region sovereign investors in 2022, Abu Dhabi’s position has been further strengthened by ADGM’s strong year-on-year growth of 35% for Assets Under Management (AUM) as of June 2023.
• ADGM continues to pioneer the regulatory space in 2023, first with the amendments permitting private credit funds to be based within its jurisdiction, followed by the introduction of a comprehensive Sustainable Finance Regulatory framework.