Economy News

ADGM breaks annual growth rate records

Abu Dhabi Global Market (ADGM) has recorded a 123% average annual growth rate (AAGR) in assets under management, alongside a 62% AAGR in fund activity.

Since its establishment in 2015, ADGM has grown into one of the world’s fastest-growing financial hubs, attracting more than 300 financial institutions that collectively manage an estimated $28.6tr in global assets. Its business community has expanded to more than 36,000 professionals.

The centre is now celebrating its 10th anniversary following a decade of rapid expansion and innovation.

Gulf Economist Staff Writer