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ADGM expands to become one of the largest financial districts

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Staff Writer, TLR

Published on July 14, 2023, 17:41:00

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Abu Dhabi Global Market ADGM announced expansion

The Abu Dhabi Global Market (ADGM) has announced its expansion, which makes it one of the largest financial districts in the world. The expansion plan will cover an area of 50 square kilometers, focusing on developing new sectors such as healthcare, biotech, and cleantech.

The ADGM's expansion is part of Abu Dhabi's vision to become a leading global financial hub and diversify its economy beyond oil and gas. The new development will also create job opportunities and attract international businesses and investors to the region.

ADGM has been attracting global financial institutions to its financial center, which is located on Al Maryah Island. The center has established itself as a hub for financial services, including asset management, wealth management, and capital markets.

The ADGM's expansion will offer businesses and investors more opportunities to grow and expand in the region. The new sectors that will be developed as part of the expansion plan will allow businesses to tap into new markets and benefit from the region's rapid economic growth.

The ADGM's expansion is expected to provide a boost to Abu Dhabi's economy, which has been affected by the Covid-19 pandemic and the decline in oil prices. The new development will provide a significant contribution to the country's GDP and help to create a more diversified and sustainable economy.

ADGM's expansion is a significant step towards establishing Abu Dhabi as a leading global financial hub. The development will create new opportunities for businesses and investors, attract international talent, and contribute to the country's economic growth. The ADGM's expansion is a positive development that reflects the UAE's commitment to diversifying its economy and becoming a hub for innovation and growth.

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