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Abu Dhabi, UAE : The Abu Dhabi Education Council (ADEC), Abu Dhabi Global Market (ADGM), and INSEAD are pleased to sign a Memorandum of Understanding (MOU) on 23 May 2017 in support of building up financial services knowledge and competence in Abu Dhabi. The MOU was signed by H.E. Dr Ali Al Nuaimi, Director General of ADEC, H.E Ahmed Al Sayegh, Chairman of ADGM and Prof Miguel Sousa Lobo, Director of the INSEAD Middle East Campus in Abu Dhabi, at ADGM Authorities Building on Al Maryah Island. This partnership dovetails well with all parties’ corporate ambition to reinforce Abu Dhabi as a centre of excellence for education, knowledge and talent development.
His Excellency Dr. Ali Al Nuaimi, ADEC’s Director General, lauded efforts exerted by both ADGM and INSEAD in advancing the location of Abu Dhabi in the international arena as a reputable hub for talent in business and finance. “ADEC is pleased to facilitate the relocation of the INSEAD Business School campus at the Al Maryah Island, known as the international financial hub of the Emirate of Abu Dhabi and the Region. The move serves as a great opportunity to support the Abu Dhabi Global Market’s mission to attract business and finance talent and expertise from across the world, while equipping our future workforce with necessary skills required for a competitive national and global economy.”
H.E Ahmed Al Sayegh, Chairman of ADGM said: “ADGM is pleased to share a mutual ambition with our partners ADEC and INSEAD in raising a nation of innovative, knowledgeable and forward-thinking people that will continue to lead and contribute towards the long-term success of Abu Dhabi and the UAE. Human capital is a vital determinant of the economic and social advancement of every economy. As an IFC, ADGM understands the importance of setting deep roots of financial capabilities and skill-sets to maintain an enduring and dynamic financial centre that generates growth and will weather all seasons and circumstances.”
“The financial sector is a strategic enabler of innovation, business opportunities and employment creation. We will continue to work closely with key partners and institutions to provide the conducive environment and resources that support Abu Dhabi as an international hub for knowledge development, talent growth and training, innovation and financial services,” HE Ahmed Al Sayegh added.
Prof. Miguel Lobo, Director of Middle East Campus (Abu Dhabi) of INSEAD said: “INSEAD chose Abu Dhabi, as a location and as a partner, as a home for the school's strategic expansion in the Middle East because of a shared vision for the development of the city as a regional hub and as a global hub between Asia, Europe and Africa. Our collaboration with ADGM extends that vision, and we are proud to be associated with a financial centre that aims to have a global reach and the highest standards of excellence."
ADGM announced the establishment of its Knowledge Hub in Abu Dhabi for financial services on 6 May this year. The Knowledge Hub initiative is aligned with ADGM’s strategy as an innovative and progressive International Financial Centre that fosters the talent pool and the development of human capital in the financial sector of the UAE.
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About Abu Dhabi Education Council:
Abu Dhabi Education Council (ADEC) was established in accordance with law No. 24 of 2005, issued by His Highness Sheikh Khalifa Bin Zayed Al-Nahyan, the UAE President, the Supreme Commander of the Armed Forces and the Ruler of Abu Dhabi. The Chairman of ADEC is H.H. Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and the Vice-Chairman is H.H. Sheikh Mansour Bin Zayed Al-Nahyan, Minister of Presidential Affairs. The Council seeks to develop education and educational institutions in the Emirate of Abu Dhabi, implement innovative educational policies, plans and programs that aim to improve education, and support educational institutions and staff to achieve the objectives of national development in accordance with the highest international standards.
For more information about ADEC please call its headquarters at +971 (2) 6150 000 or visit our website:
About INSEAD, The Business School for the World
As one of the world's leading and largest graduate business schools, INSEAD offers participants a truly global educational experience. With campuses in Europe (France), Asia (Singapore) and Middle East (Abu Dhabi), INSEAD's business education and research spans three continents. Our 148 renowned faculty members from 40 countries inspire more than 1,300 students in our degree and PhD programmes. In addition, more than 9,500 executives participate in INSEAD's executive education programmes each year.
In 2016, all three of INSEAD’s MBA programmes are ranked #1 by the Financial Times in their categories: MBA, Executive MBA and Single School Executive MBA.
More information about INSEAD can be found at www.insead.edu.
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.
In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi. For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket, @FinTechAD, #FinTechAD, and Linked : ADGM
© Press Release 2017
