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The UAE Ministry of Investment said the country aims to build and scale artificial intelligence companies and expand applications in finance. In a 4 October report, WAM said Abu Dhabi Global Market (ADGM) was investing more than AED 400 million through 2029 in AI capabilities, digital infrastructure and regulatory systems.
The report said ADGM’s asset-management ecosystem comprised 190 fund and asset managers overseeing 276 funds, and estimated UAE domestic direct investment at USD 100–119 billion. Ai Everything Abu Dhabi was scheduled for 6–7 October; it was still a future event when the report appeared.