• Assets under management grew by 52% while operational entities increased by 35%, and the workforce experienced a 26% increase at the end of Q3 2023 compared to the same period last year.
  • Prominent global and regional companies added to ADGM’s ecosystem in Q3 include Sagard, Tikehau Capital, FTI Consulting and M2 among others.

Abu Dhabi, UAE: Abu Dhabi Global Market (ADGM), the International Financial Centre (IFC) of the UAE’s capital, has echoed its continuing strong performance with record-setting numbers reported in the third quarter (Q3) of 2023, demonstrating unprecedented growth across various aspects especially the asset management sector as it enters the final quarter on a high note.

Significant Growth in Q3 2023 versus Q3 2022:

  • Assets under management in the IFC grew by 52% in Q3 2023 versus Q3 2022.
  • Operational Entities within ADGM increased by 35%, with the total number rising from 1,272 in Q3 2022 to 1,717 entities in Q3 2023.
  • The number of prominent institutions at ADGM continues to grow, with additional global and regional names establishing offices in ADGM including, but not limited to, Sagard – a global multi-strategy alternative asset management firm with more than USD 14.5 Billion assets under management, Tikehau Capital, FTI Consulting and M2.
  • ADGM Square’s workforce increased by 26%, showcasing an increase in talented individuals choosing Abu Dhabi as their destination to live, work and thrive.

Commenting on ADGM’s continued strong growth, H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM said, “Our exceptional performance across the last three quarters reflects the effectiveness, and success of our transformational efforts, firmly establishing ADGM as the region's fastest-growing International Financial Centre. We will continue in our efforts to accelerate our momentum and further entrench ADGM's role as a key contributor to Abu Dhabi's economic vision and its ambitious economic diversification objectives.”

ADGM’s Growth Strategy 2023-2027 and its alignment to Abu Dhabi’s diversification goals, keeping the financial sector at the core of its strategies, has enabled it to become a catalyst that is accelerating Abu Dhabi’s overall economic development.

About Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM) is the international financial centre (IFC) of the capital city of the United Arab Emirates, which opened for business on 21st October 2015. ADGM augments Abu Dhabi’s position as a leading financial centre and a business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

Operating within an international regulatory framework based on direct application of The English Common Law, ADGM governs the entire Al Maryah Island and Al Reem Island which is designated as the financial free zone of Abu Dhabi.

ADGM is ranked as one of the most preferred top IFCs in the Middle East and Africa region and named MENA’s largest Fintech hub. Its progressive and inclusive business ecosystem gravitates toward global financial and non-financial institutions while leveraging synergies between ADGM and multiple jurisdictions positioned as one of the world’s most advanced, diverse and progressively governed financial hubs.

For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

For media queries please contact: 
Simon Hailes 
Head of Middle East  
Edelman Smithfield
E: simon.hailes@edelmansmithfield.com  
Kaja Mhisen
Corporate Communications, ADGM 
E: media@adgm.com