Free Market

Abu Dhabi Global Market boosts company count by 32% as newcomers await entry

The UAE capital’s Free Zone is becoming one of the world’s largest financial districts, with 125 companies in this year's pipeline

Abu Dhabi Global Market counted 1,825 firms on its roster at the end of 2023. (Photo: ADGM)

Abu Dhabi Global Market on Al Maraya Island. (Photo: ADGM)

Abu Dhabi Global Market, the UAE capital’s financial Free Zone, boosted its roster of companies by 447 last year, a 32% increase, as it grew into one of the world’s largest financial districts.

Assets under management increased 35%, according to a statement released on Thursday. 

Among the 1,825 firms in the ADGM at the end of 2023, newcomers included Brevan Howard, Ardian, Goldman Sachs, Blackstone, SBI Capital, Asian Infrastructure Investment Bank, Apollo and Vibrant Capital.

Another 125 companies are in the process of seeking to set up shop in the ADGM.

Hong Kong’s Infini Capital announced that it received preliminary regulatory permission to establish an office and, upon final approval, would become the first Asian hedge fund in the ADGM.