Abu Dhabi assets surge 211%, cementing financial Hub status

Abu Dhabi's financial centre saw a 211% surge in assets under management in Q1, attracting 107 asset and fund managers, including GQG Partners and SS&C Technologies. With 52 more entities poised to join, the emirate is becoming a major financial hub. High net-worth individuals like Ray Dalio and Changpeng Zhao have set up firms there, and the region's favourable conditions continue to lure financial giants.

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By Nishant Kumar

Abu Dhabi reported a surge in assets under management within its financial center as money managers rushed to the emirate, bolstering its image as an influential financial hub.

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