Goldman Sachs to open Abu Dhabi office

Wall Street giant Goldman Sachs is the latest international institution to expand its presence in the Mena region.

The investment bank will open an office in the Abu Dhabi Global Market, pending regulatory approval.

The firm already has premises in Dubai, Doha and Riyadh and sees the Abu Dhabi office as complementary to these existing branches.

“We continue to see tremendous opportunities in the Middle East and remain committed to enhancing our presence and capabilities to serve the increasingly sophisticated and diverse client base in the region,” stated the bank via an internal memo reported by The National.

The ADGM has recently stated its ambition to increase its capacity tenfold in order to cater for the emirate’s rapidly growing financial services sector.

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