Abu Dhabi has stepped up its efforts to establish itself as the digital assets centre for the Middle East with the launch of a new financial ‘cluster’.
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The emirate has launched the Fintech, Insurance, Digital and Alternative Assets cluster and is claiming that the initiative will see an additional AED56bn added to Abu Dhabi’s GDP by 2045.
It is also forecasting that the cluster will generate 8,000 skilled new jobs and attract at least AED17bn.
The cluster was opened by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, during Abu Dhabi Finance Week.
According to Abu Dhabi officials, the cluster is also designed to consolidate the emirate’s fintech landscape and is described as a “strategic step towards building an integrated global financial ecosystem that harnesses capital, innovation, advanced technologies and AI solutions”.
โBy bringing investors, regulators, global institutions and technology innovators into an integrated cluster, Abu Dhabi is the preferred destination for those building digital assets, AI-powered insurance and breakthrough fintech platforms,โ saidย Badr Al-Olama, Director-General of Abu Dhabi Investment Office.
Abu Dhabi has more than $1.8trn in sovereign wealth currently. As part of the UAE, it also has a growing fintech market. In July this year, the UAE overtook the UK as the second biggest fintech market globally with $2.2bn in investment in the first half of 2025 – thanks mainly to the $2bn raised by crypto exchange Binance in March.
Binance also this week became the first crypto exchange to secure a global licence through the Abu Dhabi Global Market.
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