Abu Dhabi is recruiting investment companies that will allow the capital to develop into a major international hub for financial services.
Three financial companies have announced expansion plans in Abu Dhabi in the past month, and more could be on the way as the capital looks to move beyond its traditional focus on property development, banking and tourism.
"There is a lot of wealth available but it gets spent elsewhere and the financial side is not well developed in Abu Dhabi," says Laurent Depolla, an executive director of Mubadala Services Ventures.
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