Business

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi has introduced the finalizing of a calculated new Memorandum of Understanding (MoU) with Abu Dhabi Smart Solutions & Services Authority (ADSSSA). The new partnership is aimed at checking out ingenious efforts and projects that could considerably contribute in the direction of the growth of the monetary freezone on Al Maryah Island as well as reinforce efforts to drive more development to Abu Dhabi's economy.

The contract was signed by H.E Dr. Rauda Al-Saadi, Director General of ADSSSA and Mr Dhaher Bin Dhaher, Chief Executive Officer of the Registration Authority of ADGM, and witnessed by H.E Saif Al Hajiri, Chairman of the Department of Economic Development and H.E. Ahmed Al Sayegh, Chairman of ADGM.

The MoU establishes a formal structure for ADGM and ADSSSA to function very closely together to enhance the advancement of technology infrastructure on Al Maryah Island-- promoting better advancement as well as release of sustainable wise systems to help additionally make it possible for the monetary and also business neighborhood in ADGM as well as wider Abu Dhabi. Under the terms of the agreement, both ADSSSA and ADGM will team up with appropriate government entities and the private sector to establish technology clusters focusing on cybersecurity as well as service knowledge in Abu Dhabi.

H.E. Dr. Rauda Al-Saadi, Director General of ADSSSA, said: "We are proud to reveal the signing of a calculated new MoU with Abu Dhabi Global Market, which looks in the direction of jointly interacting in the transfer to establish as well as implement crucial tasks and campaigns that could bolster the advancement of Al Maryah Island and also contribute to the economic growth of Abu Dhabi. The step demonstrates ADSSSA's continuing commitment to completely utilize innovation and also innovation as representatives of growth and also advancement - bringing us one progression in the unified efforts to accomplish the collection objectives and also goals of Abu Dhabi's vision."

Mr Dhaher bin Dhaher, CEO of the Registration Authority of ADGM, said "We are pleased to further our partnership with ADSSSA in accelerating the development and adoption of technology and clever systems on Al Maryah Island and also throughout Abu Dhabi. As a global monetary centre as well as leading FinTech hub, we are constantly improving our framework and platform to support the development of our organisation, economic as well as FinTech neighborhoods. I anticipate working carefully with ADSSSA group to enhance the info and interactions offerings as well as services for our dynamic community as well as registered entities."

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