CAPITAL GAINS

Abu Dhabi’s ADGM plans to expand with $16B investment

Mubadala and Aldar Properties are teaming up on the project, which will double Grade A office space and add another 3,000 luxury residences

Christopher Pike/Bloomberg via Getty Images

Abu Dhabi Global Market headquarters

Abu Dhabi is planning a $16 billion expansion of its ADGM free zone, as the hedge funds, banks and fintech companies that have been flocking to one of the region’s fastest growing financial hubs demand more space to expand....