Casablanca Finance City Joins Efforts with Abu Dhabi Global Market
Casablanca Finance City (CFC) and Abu Dhabi Global Market have agreed to enhance cooperation and jointly promote the development of financial services in Morocco and the United Arab Emirates.
The agreement was inked by Saïd Ibrahimi, CEO of the CFC Authority and his emirati peer Dhaher Bin Dhaher Al Mheiri. The two sides pledge to strengthen partnership and to explore possible cross-border initiatives, facilitate knowledge sharing and accelerate the development of the financial services sector to support the growth of the MENA region.
They also agree to set up a cooperation platform to foster best practice and knowledge in the fields of green finance, Islamic finance and financial technologies (Fintech) to advance the growth of financial services.
Saïd Ibrahimi who expressed satisfaction at the signing of the agreement with Abu Dhabi Global Market said “this partnership is the first of its kind established by CFC with a GCC financial center”.
“We have the strong conviction that such fruitful cooperation will play an instrumental role in fostering business ties between the UAE, Morocco and Africa”, he added.
For his part, Dhaher Bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority said : “We look forward to working closely with Casablanca Finance City to bolster knowledge sharing initiatives and achieve sustainable development in all respective markets, in addition to supporting international relations”.
“We will work closely to develop a robust financial services sector that is supported by green finance and innovative financial technologies”, he underlined.
CFC is recognized as the leading financial center in Africa, and partner of the largest financial centers. It has built a strong and thriving community of members across four major categories: financial companies, regional headquarters of multinational companies, service providers and holding companies.
ADGM is an international financial center set up in 2015. It is a global hub for business & finance and serves as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.
ADGM’s strategy is anchored by Abu Dhabi’s key strengths including private banking, wealth management, asset management and financial innovation.