BlackRock Targets Middle East Market with Abu Dhabi License
BlackRock has secured a commercial license to operate in Abu Dhabi, aiming to deepen engagement with local wealth funds.
BlackRock Inc., the world’s largest asset manager with $11.4 trillion in assets under management, has obtained a commercial license to operate in Abu Dhabi.
The company also plans to seek regulatory approval to operate within the Abu Dhabi Global Market (ADGM). This international financial center hosts a growing number of financial and crypto firms.
With this expansion, BlackRock aims to deepen its engagement with Abu Dhabi’s sovereign wealth funds, wealth managers, and investment vehicles, focusing on areas like artificial intelligence (AI) infrastructure and sustainable investment solutions.
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