The Abu Dhabi Global Market (ADGM) experienced remarkable expansion in 2024, with a 245% increase in Assets Under Management (AUM). This surge underscores ADGM’s growing role as a leading financial hub. The number of operational entities rose by 32%, reaching 2,381 by the end of the year. Additionally, the asset management sector expanded significantly, with 134 fund managers overseeing 166 funds. The financial community also welcomed 79 new institutions, bringing the total to 275.
ADGM’s workforce grew by 39%, highlighting the increasing demand for skilled professionals in its financial ecosystem. This growth reflects the market’s ability to attract global talent while reinforcing its position as a key player in international finance.
ADGM: Regulatory Advancements and Sustainable Finance Initiatives
In 2024, ADGM’s Financial Services Regulatory Authority (FSRA) introduced new regulatory frameworks to strengthen financial oversight. These included stablecoin regulations and updates on Environmental, Social, and Governance (ESG) compliance. Additionally, the FSRA launched a Whistleblower Reporting Portal, enhancing transparency and governance.
ADGM also made strides in sustainable finance. A notable achievement was the issuance of a Green Fund Designation to Vortex Energy IV, a $1.8 billion fund dedicated to energy transition projects. This move aligns with ADGM’s commitment to promoting responsible investment and advancing green finance solutions.
Expanding Global Presence and Industry Engagement
ADGM continued to attract high-net-worth individuals and global family offices, with industry leaders such as Leon Black of Apollo Global Management establishing a presence within the financial hub. To strengthen its global reach, ADGM conducted roadshows in key international markets, reinforcing Abu Dhabi’s position as a financial powerhouse.
The ADGM Academy (ADGMA) also played a crucial role in workforce development. In 2024, the academy expanded its offerings and trained over 2,000 UAE Nationals for careers in finance and fintech.
Further cementing its status as a global financial hub, ADGM hosted Abu Dhabi Finance Week, which drew more than 20,000 participants and 600 speakers. The event facilitated discussions on the future of global finance, highlighting ADGM’s role in shaping industry trends and fostering innovation.
