Opening of new campus marks ten-year milestone for INSEAD in Abu Dhabi
INSEAD, one of the world’s leading business schools with campuses in Europe, Asia and Middle East, announced today in partnership with the Abu Dhabi Department of Education and Knowledge (ADEK) and the Abu Dhabi Global Market (ADGM) the inauguration of its new campus. Located in the heart of the capital, at ADGM Square, Al Maryah Island. The event also marks ten years since INSEAD officially established its presence in the UAE.
The inauguration follows a Memorandum of Understanding (MOU) signed earlier this year by ADEK, ADGM and INSEAD that underlines their active engagement towards building up business knowledge and competence in Abu Dhabi and reinforces the emirate’s role as a centre of excellence for education, knowledge and talent development.
The new INSEAD campus is a key part of INSEAD’s global strategy and is testament to the business school’s commitment to furthering excellence in management and entrepreneurship in a dynamic region with economic energy and open to the world.
Present at the inauguration ceremony today were His Excellency Dr. Ali Al Nuaimi, Chairman of ADEK; His Excellency Ahmed Al Sayegh, Chairman of ADGM; Her Excellency Sharifa Al Jabri, Acting Director General for The HumanResources Authority of the Emirate of Abu Dhabi and Prof. Miguel Lobo, Director of the INSEAD Middle East Campus in Abu Dhabi.
His Excellency Dr. Ali Al Nuaimi, Chairman, Abu Dhabi Department of Education and Knowledge (ADEK), said “ADEK is delighted to witness and be part of this pivotal milestone. INSEAD continues to prove how competent and powerful they are in building up business knowledge and talent amongst professionals, entrepreneurs, and senior executives, who are expected to contribute to a demanding job market, whether nationally or internationally.”
ADEK’s Chairman further added that there is significant competition in the market place for highly qualified professionals and entrepreneurs. “The Nation has high confidence in its youth, and encourages diversification in various fields. All professions are equally important. In order for the economy to further flourish, our aim should be to highlight potential talent amongst tomorrow’s future generation, and improvise on their capabilities.”
His Excellency Ahmed Al Sayegh, Chairman, Abu Dhabi Global Market (ADGM), said: 'We welcome INSEAD’s presence at ADGM as this augments our ambition to establish the regional education hub for business & financial knowledge, skills & expertise. This also attests to ADGM's strength and fundamental as the preferred international financial centre and playing our part in contributing to the growth and future of Abu Dhabi, the UAE and the greater region."
His Excellency Dr. Yousef Al-Sheryani, Executive Director for the Office of Planning and Strategic Affairs, and Advisor to the Chairman at ADEK, praised the role that reputable world-class higher education institutes, such as INSEAD, play in supporting Abu Dhabi’s strategic plans which aim at turning the Emirate of Abu Dhabi into an international hub for education and talent.
“ADEK has played a huge role in attracting educational excellence across diverse higher education institutions, while guaranteeing continuous improvement in the overall education sector. The development of a highly qualified, globally competitive, and productive workforce in alignment with the Emirate’s dynamic and fast growing economy is amongst ADEK’s top priorities,” said Dr. Al-Sheryani.
Ilian Mihov, Dean of INSEAD and Professor of Economics, said “INSEAD aims to be the leading business school in every region where we have a presence. With the support of ADEK, and the partnership with ADGM, the new campus at ADGM Square in Al Maryah Island gives INSEAD the right platform for the next stage in our strategy to establish a global top-tier school in the UAE.”
Miguel Lobo, Director of the INSEAD Middle East Campus in Abu Dhabi, said “With the opening of the new facility, the Middle East Campus in Abu Dhabi continues to witness remarkable growth - with a priority on maintaining uniform quality standards, including via program admissions and faculty recruitment, which operates globally across campuses. Our strategy is to build a campus with an emphasis on long-term sustainability and which is deeply invested in the regional economy.”
About Abu Dhabi Global Market
Abu Dhabi Global Market (ADGM), an international financial centre located in the capital city of the United Arab Emirates, opened for business on 21st October 2015.
In line with the Abu Dhabi’s Economic Vision, ADGM is a natural extension of Abu Dhabi’s role as a reliable and responsible member of the global financial community. Strategically situated in Abu Dhabi, home to one of the world’s largest sovereign wealth funds, ADGM plays a pivotal role in positioning Abu Dhabi as a global centre for business and finance that connects the growing economies of the Middle East, Africa and South Asia.
ADGM’s three independent authorities, the Registration Authority, the Financial Services Regulatory Authority and ADGM Courts, enable registered companies to conduct business in a zero-percent tax environment and operate with confidence within an international regulatory framework with its own independent judicial system and legislative infrastructure based on the Common Law.
Established by a UAE Federal Decree as a broad based financial centre, ADGM’s foundation is anchored on three of Abu Dhabi’s strategic strengths - private banking, wealth management and asset management and will continually expand its financial services in response to the needs of its businesses and marketplace.
Abu Dhabi Global Market is located on Al Maryah Island, a 114-hectare development that is home to world-class business and lifestyle facilities such as the Rosewood and Four Seasons Hotels and Residences, the first ever specialty Cleveland Clinic Hospital outside of USA, luxury retail at the Galleria Mall, and grade-A offices spaces to meet Abu Dhabi’s long-term development and economic needs. All these complement ADGM’s international financial centre position as a vibrant destination in the capital city in Abu Dhabi. For more details of ADGM, please visit www.adgm.com or follow us on Twitter : @adglobalmarket, @FinTechAD, #FinTechAD, and Linkedin: ADGM