The survey results reveal a robust growth trajectory across various sectors, with Asset Management positioned to lead, as 18.56% of respondents acknowledge its significant growth potential. Following closely are Fintech and the domains of Digital Assets, Blockchain, and Distributed Ledger Technology (DLT), with 17.08% and 16.83% of stakeholders anticipating their ascent, respectively. These sectors are bolstered by increasing interest in Sustainable Finance and Private Banking and Wealth Management, which are also anticipated to experience substantial growth. Furthermore, Professional Services are projected to sustain their upward momentum, rounding out the sectors poised for expansion within ADGM's dynamic financial landscape.
ADGM's Distinct Position as a Premier IFC
The survey illuminates the unique attributes that define ADGM's appeal as a business hub. Notably, 21.35% of participants recognize the robust regulatory environment as a cornerstone of ADGM's competitive edge. The market's strategic location was also highlighted by 19.66% of respondents, underscoring ADGM's role as a strategic gateway for accessing the MEASA region and beyond. The abundance of networking opportunities (17.04%), the exceptional quality of life (14.98%), and the diverse community (14.04%) were also acknowledged as key strengths contributing to ADGM's attractiveness as a business destination. Additionally, the availability of a skilled workforce, acknowledged by 11.24% of respondents, underscores the market's ability to attract and nurture professional talent.
Expected Employment Growth in ADGM
A total of 70.81% of companies anticipate expanding their workforce in ADGM during 2024, with 29.93% expecting significant increases and 40.88% planning moderate growth in staffing. This collective optimism underscores Abu Dhabi's robust economic health and the strong confidence within the business community in ADGM's conducive business environment.
Business Community Confidence in ADGM
The confidence in ADGM is further strengthened by the readiness of the business community to recommend the IFC to other businesses. An impressive 97.08% of business leaders express a positive inclination towards endorsing ADGM. Among them, 71.53% are 'Highly likely' and an additional 25.55% consider themselves 'Likely' to recommend it. This substantial majority reflects the strong confidence in ADGM's world-class regulatory framework, advanced infrastructure, and exceptional business opportunities held within the global business community. Moreover, this underscores ADGM's comprehensive approach to fostering a supportive, innovative, and thriving business environment resonating with the global business community, positioning it as a leading IFC and a hub of economic activity for the future.
Abu Dhabi: A City Known for Safety, Stability, and Quality of Life
A combined 78.84% of respondents endorse Abu Dhabi's overall liveability positively. This endorsement highlights the city's effectiveness in delivering an outstanding quality of life, supported by superior infrastructure, affordable living costs, and luxurious community facilities. Additionally, Abu Dhabi's achievement in being ranked as the world's safest city for the 8th consecutive year further underscores its excellence in ensuring the security and well-being of its residents, making it an even more attractive destination for both expatriates and nationals.
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