BlackRock announced today that it has obtained a commercial license in Abu Dhabi and confirmed plans to seek regulatory authorization to operate in the international financial centre, Abu Dhabi Global Market (ADGM).

Building on the long-standingrelationships BlackRock has built with clients in Abu Dhabi and across the region over more than 20 years, the new office reflects BlackRock’s continued commitment to the UAE., and its dedication to fostering strong relationships with clients and partners in the country.

Charles Hatami, Head of the Middle East, and Global Head of the Financial & Strategic Investors Group, BlackRock, said, “Abu Dhabi has rapidly transformed into a global financial center. Its strategic location, proactive government policies, and commitment to sustainable growth make it an ideal location for capital markets. We look forward to continuing our contribution to the region's economic development and supporting our clients with innovative investment opportunities, particularly in private markets, including AI infrastructure and transition focused solutions. 

“Our presence in ADGM will enable us to better serve our clients around the world on whose behalf we engage with sovereigns, wealth managers and specialist investment vehicles based in Abu Dhabi, operating in sectors such as infrastructure, renewable energy, and technology.”

Earlier this year BlackRock appointed Mohammad AlFahim asHead of the UAE, while Ben Powell relocated to the region to serve clients as BlackRock Investment Institute’s first Chief Middle East & APAC Investment Strategist.

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