Abu Dhabi:ADGM marks its 11th anniversary with a focus on Abu Dhabi's expanding influence in the global economy. Ahmed Jasim Al Zaabi, Chairman of ADGM, highlighted the importance of a financial center not only in the capital it attracts but also in the economic value its community creates. He stressed the need for enabling businesses, supporting innovation, and converting investments into sustainable value.
According to Wam, Al Zaabi's letter commemorating ADGM's anniversary underscored that the financial center was founded as part of a broader economic vision. This vision is based on institutional strength, long-term investments, and the belief that capital must contribute to enduring economic prosperity. He noted that Abu Dhabi's global economic influence surpasses its investment scale by fostering industries, enabling businesses, and forming international partnerships to unlock growth opportunities.
Al Zaabi elaborated on the challenges posed by interconnected financial markets, rapid technological changes, and economic uncertainty, emphasizing that institutional trust is crucial for market stability and sustainable growth. He pointed out that the future importance of international financial centers will be judged by their ability to foster business growth, support innovation, and translate investment into real economic value.
For ADGM, maintaining its success requires continuous efforts to bolster the foundational elements that have gained the community's trust. These include the rule of law, regulatory certainty, independent institutions, and efficient business operations. Al Zaabi commended the contributions of ADGM's members in strengthening the financial ecosystem, expanding Abu Dhabi's international ties, and creating opportunities beyond the financial center.
He highlighted that as ADGM enters its second decade, it must build on its achievements, remain attentive to the needs and aspirations of its members, and continue evolving alongside businesses and global markets. The theme of this year's Abu Dhabi Finance Week, "The Capital Community Powered by Partnerships," reflects this commitment, emphasizing that the future of finance will be shaped by institutions, expertise, and partnerships rather than capital alone.
Looking forward, Al Zaabi concluded that ADGM's responsibilities extend beyond expanding the financial center. It also aims to enhance the capabilities of its community and maximize the economic impact of their collaborative efforts, benefiting Abu Dhabi, its community, and the global economy.