FinX, FIDA elevate the UAE'S global financial ambition

Viewed together, they enhance the UAE's position as a global financial centre, while providing comprehensive, nuanced services to businesses, investors and high-net-worth individuals

- Ahmed bin Sulayem

For DMCC, FinX is a natural extension of our mandate to facilitate and govern global trade.

(FILE PHOTO)

The pursuit of global leadership is rarely a zero-sum game; it is a collaborative marathon defined by constant innovation and strategic foresight. For the UAE, this principle has long underpinned our economic success and it remains central as the global financial system enters a period of profound change.

We have built a reputation as a global gateway for trade, capital, and talent, but as the financial landscape is reshaped by digitisation, geopolitical realignment and complex global supply chains, our ambition must evolve with it. Leadership now depends on whether regulation, infrastructure and innovation can move forward in step.

That reality was underscored for me in recent days in Abu Dhabi, where I attended Bitcoin Mena and Abu Dhabi Finance Week. The conversations on the ground reinforced a clear message: the future of finance will be built in jurisdictions that combine regulatory clarity with institutional depth and technological readiness.

This brings me to the launch of two distinct but complementary financial ecosystems: DMCC's FinX platform in Dubai and Abu Dhabi's Financial Innovation and Digital Asset (FIDA) cluster. Viewed together, they form a mutually reinforcing "double helix" that significantly enhances the UAE's position as a global financial centre, while providing comprehensive, nuanced services to businesses, investors and high-net-worth individuals.

The timing of these initiatives is not coincidental. Capital is being reallocated, trade corridors are shifting eastward, and financial institutions are reassessing exposure, resilience and regulatory certainty. In response, both Dubai and Abu Dhabi have accelerated efforts to embed finance and technology more deeply into their economic engines.