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Post by : Maya Rahman
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, has inaugurated the FIDA cluster, which encompasses areas like fintech, insurance, digital assets, and alternative investments. This initiative, driven by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO), is designed to spearhead innovative financial and investment solutions. Unveiled during the Abu Dhabi Finance Week 2025, it is projected to contribute AED56 billion to the emirate’s GDP, create 8,000 skilled positions, and secure AED17 billion in investments by 2045.
FIDA aims to establish a global financial ecosystem leveraging capital, innovation, advanced technology, and artificial intelligence solutions. It will foster support for startups, entrepreneurs, and investors while further positioning Abu Dhabi as a competitive player in the finance and digital arenas. Additionally, the cluster will provide top-tier digital infrastructure, sophisticated fintech platforms, and frameworks for sustainable finance adhering to environmental, social, and governance (ESG) principles.
By offering a range of financing options—including alternative lending, venture debt, private equity, and real estate investment—FIDA will particularly benefit small and medium-sized enterprises (SMEs) which currently make up 42% of the non-oil GDP of Abu Dhabi. The initiative also aims to bolster insurance and reinsurance services, delivering long-term savings, retirement planning, and risk management solutions for both UAE nationals and foreign residents.
The cluster will convene regulatory authorities, including the Ministry of Finance, Central Bank of the UAE, ADGM, and the Securities and Commodities Authority, to ensure integrated governance. Financing will involve sovereign wealth funds, family offices, and the Khalifa Fund for Enterprise Development, while essential infrastructure will come from Al Etihad Payments, Abu Dhabi Pension Fund, and Etihad Credit Insurance.
An innovation and R&D network, featuring Hub71, UAE University, Khalifa University, the Emirates Institute of Finance, and the ADGM Academy, will transform cutting-edge research into practical solutions in digital assets, AI, and financial infrastructure. There will also be a focus on talent development in actuarial science, fintech engineering, and quantitative finance.
With over US$1.8 trillion in sovereign wealth and exemplary regulations, Abu Dhabi seeks to reinforce its status as the Capital of Capital, providing firms within the FIDA cluster secure pathways to global markets in Europe, North America, and Asia.
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