ABU DHABI, UAE – Abu Dhabi Global Market (ADGM) Monday received a French delegation to strengthen bilateral relations through dialogues on investment opportunities and areas of collaboration in the financial field.
The delegation was led by French Minister of Economy, Finance, Industrial and Digital Sovereignty Bruno Le Maire.
The event brought together UAE and French finance ecosystems such as sovereign wealth funds (SWFs), banks, investment managers, advisors and financial centers.
The main aim is to support in facilitating French global businesses to be based in Abu Dhabi and the UAE.
Dialogues were exchanged through an open platform discussion along with closed-door sessions and roundtables.
Along with the French minister, the French delegation to Abu Dhabi included representatives from Bpifrance, BNPP, Société Générale, Ardian, and 14 other private equity fund managers.
A world-leading French-origin private investment firm, Ardian opened its new office on ADGM’s international financial center. The office was inaugurated by Bruno Le Maire.
ADGM is home to an increasing number of French companies including renowned anchor tenants such as BNP Paribas Group.
CEO of ADGM Authority Dhaher bin Dhaher Al Muhairi said, “ADGM is pleased to host the French delegation in Abu Dhabi. As a regulator and policymaker ADGM believes that investment is one of the main pillars of the strategic partnership between the UAE and France.”
He said, “Both countries are highly committed to exploring new collaborations at corporate and institutional levels while also strengthening existing partnerships.”
He added, “Strategic dialogue between the leadership and prominent businesses in both countries helps in leveraging each other’s diverse range of resources and capabilities to bolster development programs in both countries.”