Barings has opened an office in Abu Dhabi. That’s a fact. And this development is part of the company’s strategy to expand its operations in the region – they’re clearly keen to tap into the Middle East market.
The company’s presence in the region is set to get a boost. It will allow Barings to better serve its clients in the Middle East. But what’s really significant here is that Abu Dhabi is increasingly becoming a go-to destination for international companies – its business-friendly environment and highly developed infrastructure are major draws.
The city’s pulling out all the stops to attract big names. Abu Dhabi has been actively promoting itself as a business hub, and it seems to be working. Barings’ new office is a case in point – it’s a sign that the city’s efforts to establish itself as a major player in the region are paying off.
It’s a no-brainer, really. The city’s got a skilled workforce and a favorable business environment, making it an attractive location for companies looking to set up shop. But we’re still waiting to hear what specifically drew Barings to Abu Dhabi – the company’s staying tight-lipped on that front.
For more information on business news in the UAE, visit our Abu Dhabi news page.
