Abu Dhabi is set to become a global hub for digitalisation and crypto and take a leading role in artificial intelligence (AI), according to Larry Fink, the chairman and CEO of BlackRock.
Speaking on the first day of Abu Dhabi Finance Week, Fink described Abu Dhabi as a “beacon of opportunities,” highlighting its growth in areas like education, sports, and technology. “Abu Dhabi is evolving into a centre for digitalisation and crypto while also leading in AI. AI will drive the next industrial revolution, and Abu Dhabi is well-positioned to capitalize on this shift,” Fink shared.
Fink emphasized that while Abu Dhabi’s foundation lies in oil and gas, its economy is branching into new industries with significant potential for growth.
BlackRock’s Presence in Abu Dhabi
BlackRock, the world’s largest asset manager, manages $11.5 trillion in assets (as of the end of 2022). In November 2024, the company was awarded a commercial license to operate in Abu Dhabi, solidifying its presence in the region.
Abu Dhabi: A Magnet for Talent and Capital
Abu Dhabi was recently named the world’s richest city, with sovereign wealth funds managing $1.7 trillion in assets. The city’s ability to attract top talent and investment is part of its growing importance on the global stage.
“Abu Dhabi has matured significantly, becoming a magnet for opportunities. It has transformed over the past two decades and now attracts capital and the best talent worldwide. Its growth is driven by constant innovation, and the safety and quality of life here are unmatched,” Fink added.
A Thriving Vision for Growth
Ahmed Jasim Al Zaabi, chairman of Abu Dhabi Global Markets, also spoke at the forum. He praised Abu Dhabi’s ambitious vision, saying: “Abu Dhabi is the place where you can think big and build even bigger. It is a model of progress and a city where legacies are created.”
The Abu Dhabi Finance Week forum brought together public and private sector leaders, underlining the city’s role as a global financial and innovation hub.
