What sets Abu Dhabi Global Market ahead of the curve?
FinTech Magazine looks at the Abu Dhabi Global Market’s (ADGM) latest initiatives that continue to define the financial management centre as a global asset.
Abu Dhabi Global Market is an international centre that has established itself as a cornerstone of financial management in the Middle East since its creation in 2015. ADGM, which spans across Al Maryah Island, employs over 22,768 individuals. To date it has issued over 2,385 registration and US$26bn assets under management.
[image: His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of Abu Dhabi Global Market.]
His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of Abu Dhabi Global Market summarises the institution's ethos: “ADGM is a key pillar of Abu Dhabi's Economic Vision, acting as a catalyst for the growth of its dynamic financial services sector in the UAE. At the heart of ADGM is a premise of long-term partnership and collaboration - locally, regionally and internationally.”
Two initiatives driving this economic growth are ADGM’s Arbitration Centre and Academy.
ADGM Arbitration Centre
ADGM operates a state-of-the-art Arbitration Centre from ADGM Square, which provides operational hearing facilities to individuals wishing to resolve their disputes through arbitration or mediation. The facilities are open to third parties, regardless of which institution they choose to administer their arbitration.
[image: Linda Fitz-Alan, Registrar and Chief Executive, ADGM Courts]
According to Linda Fitz-Alan, Registrar and Chief Executive, ADGM Courts, “This centre has been established out of an emerging need for groundbreaking technology for alternative dispute resolution in this region.”
The ADGM Academy draws together a number of programmes, media and events in order to provide financial education on banking, finance, leadership, entrepreneurship, technical and soft-skills. The centre has specific training facilities which divide into three sections: Diagnostics, Employability and Career Counselling, which are delivered through the aforementioned schools.
Its wealth of courses will strengthen Emirati workers to emerge as strong global players, a sentiment summarised by The Late Sheikh Zayed Bin Sultan Al Nahyan: “The real asset of any advanced nation is its people, especially the educated ones, and the prosperity and success of the people are measured by the standard of their education.”
Did you know? ADGM have just announced its latest event: The Innovation Challenge 2020
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