Global financial market leaders representing industries such as FinTech, Venture Finance and Investments, and Wealth Management and Capital Markets will attend next month’s Abu Dhabi Finance Week.
The FinTech Abu Dhabi festival, which was held independently in the capital for the last year, is now part of ADFW, which takes place from 14 to 18 November.
The previous FinTech Abu Dhabi festival has been attended by John Collison, founder of the $95 billion digital payments start-up Stripe, and Jeff Sprecher, chairman of the New York Stock Exchange, Abu Dhabi Global Market said on Monday.
“ADFW serves as an innovative platform that convenes the leadership of global financial markets to participate, connect and collaborate on the various aspects of the transformation we are witnessing, while strengthening Abu Dhabi’s position as a leading international financial center,” ADGM Chairman Ahmed Al. Zaabi said.
“The cross-border attention that Abu Dhabi has garnered from the global financial community and the global reach created by the emirate’s investment landscape are gradually leading to its recognition as the ‘Capital of Capital.’
This year’s additions include Crypto Abu Dhabi, the Start-up Campus, the Race (Regulation, Awareness, Collaboration, Ecosystem) Sustainability Summit and Asset Abu Dhabi, which hosts around 300 senior investors from 30 countries and has more than $4 trillion. management, the ADGM said.
ADFW comes as the UAE capital takes various steps to diversify its economy away from oil and support new investment in manufacturing, FinTech and other sectors.
Abu Dhabi plans to invest $10 billion ($2.72 billion) in six industrial programs to more than double the emirate’s manufacturing sector to $172 billion by 2031, officials said earlier this year.
It also plans to launch a blockchain and virtual asset strategy to support its digital economy.
In August, ADGM and the Abu Dhabi Residents Office also signed a preliminary agreement, the aim of which is to encourage more investments and keep experts in the capital.
“From global changes in monetary and fiscal policy, stock markets and valuations, digital currencies, public and private equity, green finance, financial inclusion and financial regulation … this forum seeks to address and critique in depth the current economic and financial headwinds,” Mohamed Al Shorafa, Chairman of Abu Dhabi’s Economic Development Department , said.
Updated: October 4, 2022, 6:37 am