Abu Dhabi Skips FII, Facing Riyadh's Competition

Reported 29 days ago

As major financial leaders flock to Riyadh for the Future Investment Initiative, Abu Dhabi has seen a noticeable absence of its key figures, raising questions about its competitive stance with Riyadh as both cities vie to be the Middle East's financial hub. Although Abu Dhabi has historically attracted significant investments, this year its leaders have opted to focus on local initiatives, including Abu Dhabi Finance Week, as they aim to enhance the emirate's appeal amidst increasing pressure from Saudi Arabia's economic transformation efforts.

Source: YAHOO

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