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Abu Dhabi Global Market (ADGM) is a prominent international financial center located in the United Arab Emirates' capital, Abu Dhabi. Here are some key aspects of ADGM:

  1. Location and Size: ADGM operates across Al Maryah Island and Al Reem Island, covering an area of 14.38 million square meters. This makes it one of the largest financial districts globally. It's strategically located in the heart of Abu Dhabi, enhancing its accessibility and appeal to global financial entities​​.

  2. Establishment and Operations: Established in 2013, ADGM became fully operational in October 2015. It serves as an international financial center and free zone, offering a wide range of financial services and incentives to businesses and investors​​.

  3. Regulatory Innovations: ADGM is known for pioneering in the regulatory space. In 2023, it introduced amendments that allowed private credit funds to be based within its jurisdiction. Additionally, ADGM introduced a comprehensive Sustainable Finance Regulatory framework, signaling its commitment to sustainable financial practices​​.

  4. Unique Position in the UAE: It is the only financial free zone in Abu Dhabi and the second financial free zone in the UAE, following the Dubai International Financial Centre (DIFC) established in 2004. This unique position allows ADGM to cater to a specific market segment in the region​​.

  5. Growth and Attraction of Global Players: ADGM has shown significant growth, particularly in the first half of 2023, with a record year-on-year growth of 35% in assets under management. This growth reflects its success in attracting major global and regional players to its International Financial Centre​​.

In summary, ADGM plays a crucial role in Abu Dhabi's financial landscape, characterized by its strategic location, innovative regulatory approaches, unique positioning in the UAE's financial sector, and significant growth in attracting global financial entities.

Hub71, based in Abu Dhabi, is a global tech ecosystem that serves as a vibrant community for startups, investors, and business enablers. It's a key part of Abu Dhabi's strategy to solidify its position as a major global tech hub. Here are some key aspects of Hub71:

  1. Support for Startups: Hub71 is actively involved in nurturing startups. It welcomed 23 startups in its 13th cohort in October 2023, demonstrating its commitment to promoting startup growth in Abu Dhabi. This move aligns with their revamped incentive program, which offers up to AED 750,000 to support startups​​.

  2. Innovation and Funding: Hub71 has launched Hub71+ Digital Assets, a specialized ecosystem for Web3. This initiative has more than AED 7 billion (around $2 billion) in capital to fund startups and blockchain technologies. This development showcases Hub71's focus on advancing specific technology sectors​​.

  3. Investment and Valuation: Since its inception, Hub71 has facilitated approximately AED 1.5 billion in investments for its startup community. In 2021 alone, it secured AED 30 million through over 20 corporate deals, indicating a significant increase in the aggregate valuation of the startups within its ecosystem​​.

  4. Strategic Location and Vision: Strategically located in Abu Dhabi, Hub71 was named after the UAE’s formation in 1971. It aims to create the optimal environment for transformative tech companies to maximize success, innovate, and scale globally​​.

  5. Founding and Mission: Founded in 2019 as part of the AED 50 billion Ghadan 21 economic stimulus program, Hub71 was initiated by the Abu Dhabi government, Mubadala Investment Company, Abu Dhabi Global Market, Microsoft, and Japan's SoftBank Group. Its mission is to assist entrepreneurs in building globally-reaching tech companies, contributing to the diversification of Abu Dhabi's economy​​.

Overall, Hub71 is a significant player in the global tech landscape, particularly in fostering innovation, supporting startups, and driving investment in cutting-edge technology sectors.

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