UAE: Abu Dhabi has unveiled the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster to accelerate development of next-generation financial and investment solutions, reinforcing the Emirate’s position as a global capital hub. Spearheaded by the Abu Dhabi Department of Economic Development and the Abu Dhabi Investment Office, FIDA integrates fintech, digital assets, insurance, reinsurance and alternative investments within a forward-looking, Shariah compliant framework. FIDA is projected to contribute US$15.2 billion to the Emirate’s GDP by 2045 and generate 8,000 skilled jobs.
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