Can Abu Dhabi's new financial free zone compete?
Abu Dhabi’s new financial centre has been running for six months but the corridors still feel quiet. Almost 200 people have been hired to work for Abu Dhabi Global Market (ADGM) since its inception in 2013 but they are nowhere to be seen. Commentators have warned that ADGM’s established neighbour the Dubai International Financial Centre (DIFC) could prevent it from flourishing, and argued it is unwise to locate two financial centres in such close proximity.
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