Al Maryah Island: Updates on Abu Dhabi's financial free zone
Type
E-journal
Date
11 Apr 2016
Jurisdiction
Abu Dhabi
Taxonomy
General Banking & Finance Law
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
Following the issuance of Federal Decree No. 15 of 2013 (“Original Decree”), which was signed by HH Sheikh Khalifa bin Zayed Al Nahyan in February last year, the Abu Dhabi Global Market (“ADGM”) was established as a financial free zone in Abu Dhabi, located in Al Maryah Island.
Background
The formation of the zone is part of the 2030 Economic Policy that focuses on areas in which Abu Dhabi has a competitive edge, such as real estate, tourism, basic industries, logistics, energy and media.