Abu Dhabi’s free zone expansion to create one of the biggest financial districts in the world
Abu Dhabi's ADGM on Al Maryah Island is bursting at the seams to accommodate the financial firms flocking to the UAE capital
Abu Dhabi Global Market on Al Maraya Island. (Photo: ADGM)
As Dubai breaks ground this week on its own financial hub expansion, Abu Dhabi too is bursting at the seams to accommodate the financial firms flocking to the UAE capital, Bloomberg reports.
For several years Abu Dhabi Global Market on Al Maryah Island struggled to attract tenants and its four towers were largely unoccupied.
But recent efforts to attract global players in finance have brought the campus to near-capacity.
The government is now looking to bridge the free zone with next-door neighbor Al Reem Island, a move, first announced in April 2023, that will give it 10 times as much space and make it one of the largest financial districts in the world, occupying 3,558 acres.