His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the launch of the FinTech, Insurance, Digital and Alternative Assets FIDA cluster in Abu Dhabi. The cluster, an initiative spearheaded by Abu Dhabi Department of Economic Development and Abu Dhabi Investment Office, aims to advance the next generation of innovative financial and investment solutions.
Announced at Abu Dhabi Finance Week 2025, FIDA aims to expand Abu Dhabi's financial sector into high-growth areas that serve the evolving needs of the emirate, the region and beyond. By 2045, the cluster is projected to contribute an additional AED56 billion to Abu Dhabi's gross domestic product GDP, generate 8,000 new skilled jobs and attract at least AED17 billion in investment, aligned with the emirate's wider economic diversification agenda.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan affirmed that the launch of the FIDA cluster represents a significant step toward realising Abu Dhabi's ambitious vision to build an integrated global financial ecosystem that harnesses capital, innovation, advanced technologies and AI solutions. The cluster aims to create a more resilient and competitive economic environment in fintech, investment and digital economy, further strengthening the emirate's leadership across these key sectors regionally and internationally.
