New Delhi, Delhi, India/Businesswire India/–
Abu Dhabi Global Market (ADGM), the new international financial centre in Abu Dhabi, is pleased to continue its close engagement with the leading business community and decision-makers in a 10-days business trip to India covering cities including New Delhi, Mumbai, Hyderabad, Kochi, Trivandrum.
Together with the Confederation of Indian Industries (CII) and the Institute of Chartered Accountants of India (ICAI), the Registration Authority of ADGM will be hosting a series of events and meetings with business leaders and decision makers, a wide spectrum of industries and sectors, to share insights of the investment opportunities in the UAE and Abu Dhabi and explore possible cross-border efforts that will facilitate business developments in both markets respectively. The diverse representation of industries and sectors reinforces ADGM’s offering and value proposition as a conductive business environment and IFC for all commercial and financial sectors.
The ADGM Registration Authority team will be led by Martin Tidestrom and his team. In addition to discussing the business collaborations, the ADGM team will provide more information and understanding of ADGM’s business offerings and its international regulatory framework. The team will also look into opportunities to enable in- and outboard investments from the Indian business community into Abu Dhabi and the UAE. This is part of ADGM’s ongoing out-reach commitment and efforts to support Abu Dhabi’s long-term economic partnership and friendship with India, and bolster the relations ADGM’s and India’s business communities.
As an international financial centre that is anchored on Abu Dhabi’s economic infrastructure and financial strengths, ADGM’s commercial and financial offering and framework provides a strategic platform for India companies and investors seeking to extend their investment interests and businesses in the UAE and wider region.
According to the latest report by Ministry of Economy, the UAE is India’s first trading partner in the Arab world. The Abu Dhabi non-oil exports to India increased by 17.6% from 2010-2015. The UAE accounts for 80% of GCC FDI into India. The report showed that GCC firms have emerged as major investors in India in the past few years, adding that UAE-based companies in particular have gained prominence given the growing ties between the emirates and New Delhi.
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.
In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, the home of one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths – private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi. For more details of ADGM, please visit www.adgm.com.
ADGM Meeting Key Business Leaders & Senior Advisors in India
