This is the first memorandum of understanding between the financial center of Casablanca and a financial center of the Middle EastCasablanca Finance City (CFC) continues the development of its international partnerships and announces the signing of a memorandum of understanding with Abu Dhabi Global Market (ADGM), the main international financial center of Abu Dhabi. This first partnership with a financial center in the Middle East marks a new stage in the development of SWC’s cooperation network with the world’s leading financial centers. As a reminder, SWC has already signed partnerships with the financial centers of Beijing, Singapore, London, Luxembourg, Montreal, Paris, Astana and Busan.
Signed by Mr. Said Ibrahimi, General Manager of Casablanca Finance City Authority, and Mr. Dhaher Bin Dhaher Al Mheiri, General Manager of Abu Dhabi Global Market, the MoU lays the groundwork for sustainable cooperation to promote investment opportunities between the United Arab Emirates, the Kingdom of Morocco and Africa. The Memorandum of Understanding will promote the sharing of knowledge and expertise between the two parties with a view to accelerating the joint development of financial services in Africa. the two respective markets. It will also provide a platform to promote best practices in the field of green finance, Islamic finance and financial technologies.s.
Dhaher Bin Dhaher Al Mheiri said: “As Abu Dhabi’s leading international financial center, ADGM plays a key role in supporting the growth and diversification of the UAE’s economy. We look forward to working more closely with SWC and strengthening our joint initiatives to sustainably develop our markets and support our international relationships. We will work closely together to build a robust financial services sector supported by green finance and innovative financial technologies.”
Said Ibrahimi said: “We are happy to sign this MoU with ADGM. This partnership is the first of its kind established by SWC with a financial center in the Middle East. We are convinced that this cooperation will play a decisive role in promoting trade links between the United Arab Emirates, the Kingdom of Morocco and Africa. ”
About Abu Dhabi Global Market:
Abu Dhabi Global Market (ADGM) is an international financial center located in the capital of the United Arab Emirates. The center opened on October 21, 2015. It was established by federal decree of the United Arab Emirates as an expanded financial center. Supporting Abu Dhabi’s role as a global hub for business and finance, ADGM is a strategic link between the growing economies of the Middle East, Africa, South Asia and the rest of the world. world. Its strategy is based on Abu Dhabi’s main strengths, including private banking, wealth management, asset management and financial innovation. ADGM enables financial institutions, businesses and registered entities to operate, innovate and succeed in an international regulatory framework based on the common law. Since its establishment, the International Financial Center has been awarded the title of “Financial Center of the Year (MENA)” for three consecutive years for the quality of its initiatives and its contribution to the financial markets and capital sector in the region. region.
More : www.adgm.com