Futian forms strategic partnership with ADGM to boost bilateral cooperation

Futian District and the Abu Dhabi Global Market (ADGM) of the United Arab Emirates signed a Memorandum of Understanding (MoU) in Beijing on April 13, establishing a formal exchange and cooperation relationship. The move added a prominent Middle Eastern partner to Futian’s growing international network.

During the signing ceremony, Deng Jun, director of the General Office of the Futian District Government, highlighted the practical implications of the deal. “The signing of this MoU between Futian District and ADGM marks a shift toward more substantive cooperation,” Deng said. “We will use regular communication mechanisms as a catalyst to promote the swift implementation of short and medium-term projects, working together to achieve significant breakthroughs.”

According to the MoU, the two sides will engage in multi-level and multi-faceted exchanges across various sectors, including economy, culture, tourism and education. The agreement establishes a non-binding framework for cooperation, with both parties committing to regular dialogue, sharing insights, and exploring new avenues for mutual prosperity. The partnership is also expected to facilitate reciprocal delegation visits and participation in official events, further strengthening institutional and business links.

His Excellency Rashid Abdul Karim Al Blooshi, CEO of the ADGM Registration Authority, expressed confidence in the collaboration. “This partnership with Futian District will bolster sustainable development and support cross-border investment by promoting knowledge exchange and collaboration in areas such as financial innovation, talent development, and investment frameworks,” he noted.

This collaboration deepens the existing friendly relations between the cities of Shenzhen and Abu Dhabi, which established a sister-city relationship in early 2024. The foundation for this specific partnership was further solidified in August 2024 during the Shenzhen (Futian)-UAE Digital Economy Industry International Trade and Cooperation Exchange Conference held in Futian, which enhanced mutual trust and practical cooperation.

As the flagship International Financial Centre (IFC) of the UAE’s capital, ADGM is globally renowned for its leading regulatory framework, open economic policies, and vibrant innovation ecosystem. With a focus on fintech, artificial intelligence, and sustainable finance, ADGM has become a benchmark for financial innovation in the Middle East.