# Abu Dhabi’s ADGM now holds more than $100B in AI money — retained record

> Retained news record from news:semafor.

Canonical: https://highsignal.app/data/records/52cfb8ec28b4faf0

[← sources](https://highsignal.app/data)


source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-09-09 13:34 ingested 2026-09-10 02:57

[original source ↗](https://www.semafor.com/article/09/09/2026/abu-dhabis-adgm-now-holds-more-than-100-billion-in-ai-money)

## retained text



```
Abu Dhabi’s financial hub ADGM says entities licensed there now hold more than $100 billion in AI-focused investment, as it looks to draw more fund managers by dangling proximity to the UAE capital’s prodigious coffers and appetite for cutting-edge technology. Abu Dhabi tech vehicle MGX — which closed its first fund in July at $49 billion — is the largest, according to ADGM. The white-collar worker hub grew 34% to around a headcount of 50,000, as assets under management rose 54% year-on-year. Bain Capital, Blue Owl Capital, and Man Group are among the firms to expand in the financial center so far this year.
To meet rising demand for offices, a massive expansion of ADGM is underway, on the scale of the Hudson Yards development in New York City, spearheaded by Aldar and Mubadala and costing 60 billion dirhams ($16.3 billion).
```



document fetched 2026-09-10 02:57 · canonical https://semafor.com/article/09/09/2026/abu-dhabis-adgm-now-holds-more-than-100-billion-in-ai-money