A WAM report published on 4 October described UAE Ministry of Investment plans to build AI companies and expand AI use in finance. The article says Abu Dhabi Global Market is investing more than AED400 million through 2029 to expand its AI capabilities, digital infrastructure and regulatory and operational systems. It also reports that ADGM’s asset-management ecosystem had 190 fund and asset managers overseeing 276 funds. The notice does not specify the composition of the AED400 million or allocate all of it to a single project.

Minister Mohamed Hassan Alsuwaidi said domestic direct investment was estimated at US$100–119 billion, around two to two-and-a-half times annual FDI inflows. The article also profiles companies demonstrating AI advisory, valuation, risk analysis and privacy-preserving federated learning. These product examples illustrate areas of activity, not audited gains in productivity, investment returns or financial safety. The reported policy goal is to build local firms and capabilities; measurable results will depend on implementation, adoption and subsequent disclosures.