Four firms select UAE for expansion
The United Arab Emirates welcomed four international companies within less than a week, including asset management firms, real estate companies, hedge funds, and investment firms, choosing Dubai and Abu Dhabi as their regional expansion hubs. The French company "Carmignac" opened an regional office in Dubai after obtaining a license from the Dubai Financial Services Authority, managing assets exceeding $51 billion to expand its presence in the Middle East. The American company "Flow" is expanding its real estate activities in the UAE with a portfolio valued at $2.5 billion, encompassing residential and commercial projects, with plans to develop its real estate platform in Dubai and Abu Dhabi. The Swiss firm "ADAPT" has opened an office in Abu Dhabi to manage assets valued at $2 billion, focusing on alternative investments. Meanwhile, "GRT" announced the opening of an office in Dubai to broaden its services across the Middle East, Africa, and South Asia. These moves confirm that the UAE has become a global platform for managing investment operations. The diverse sectors attracted reflect the country's appealing regulatory environment and strategic location, amidst ongoing growth in its finance and investment sector.
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