Post by : Mara Rahim
H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has sanctioned the initiation of the FIDA cluster, which encompasses fintech, digital assets, insurance, and alternative investments. Spearheaded by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO), this venture aspires to pioneer innovative financial and investment solutions. This cluster was revealed during Abu Dhabi Finance Week 2025, and is projected to contribute AED56 billion to the emirate’s GDP, produce 8,000 skilled positions, and lure AED17 billion in investments by 2045.
The cluster aims to cultivate a global financial ecosystem utilizing capital, cutting-edge technologies, and AI advancements. It is designed to assist startups, entrepreneurs, and investors, further enhancing Abu Dhabi's standing in the finance and digital arenas. FIDA will provide top-tier digital infrastructure, sophisticated fintech platforms, and sustainable finance frameworks adhering to environmental, social, and governance (ESG) criteria.
FIDA incorporates a variety of financing solutions like alternative lending, private equity, venture debt, and real estate investment to bolster SMEs, which represent 42% of Abu Dhabi’s non-oil GDP. It will also fortify the capacity for insurance and reinsurance, offering UAE nationals and expatriates options for long-term savings, retirement strategies, and risk management.
This initiative unites regulatory authorities, including the Ministry of Finance, Central Bank of the UAE, ADGM, and the Securities and Commodities Authority, to endorse coherent governance. Financing collaborators involve sovereign wealth funds, family offices, and the Khalifa Fund for Enterprise Development. Supporting infrastructure originates from Al Etihad Payments, Abu Dhabi Pension Fund, and Etihad Credit Insurance.
An innovation and R&D network, directed by Hub71, UAE University, Khalifa University, Emirates Institute of Finance, and ADGM Academy, aims to convert advanced research into commercially viable results in digital assets, AI, and financial systems. A focus will also be placed on talent development in fintech engineering, actuarial science, and quantitative finance.
With upwards of US$1.8 trillion in sovereign funds and premier regulations, Abu Dhabi is poised to fortify its reputation as the Capital of Capital, granting entities within the FIDA cluster seamless access to global markets spanning Europe, North America, and Asia.
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