Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January 2022, with Saturday and Sunday as the universal weekend.
ADGM said in a statement that the new working week brings the emirate’s business community and financial sector closer to global markets and real-time economic and trading activities.
In support of the UAE and Abu Dhabi’s economic strategic, ADGM aims to generate new growth opportunities, accelerate cross-border collaborations, and support more stakeholders, investors and industries that are based in various time zones and market hours from Asia, Middle East, Europe to America, the statement said.
Ahmed Jasim Al Zaabi, Chairman of ADGM, said, “As an IFC strategically positioned along the East-West trade corridors, ADGM has been a vital partner and business enabler to local and international stakeholders and customers, augmenting their expansion plans and business objectives.”
He said a working week that is in sync with the rest of the global markets, new and more market participants could benefit from the vast business opportunities and investment possibilities in the UAE and the MENA region with ADGM as their nexus to growth.
“ADGM remains committed and will continue to advance the economic competitiveness and sustainability of Abu Dhabi and the UAE through its innovativeness, robust regulatory frameworks, connectivity and world-class services,” he said.
With more than 3700 registered entities and a strong pipeline of growth, ADGM has been one of the most attractive, competitive and accessible global investment centers and tech startup hubs in MENA for the rest of the world, the statement said.
Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
- ADGM said the new working week brings Dubai's business community and financial sector closer to global markets and real-time economic and trading activities.
- More than 3700 entities are registered with the ADGM and it has a strong pipeline of growth, said the IFC in a statement.