• Abu Dhabi, which is the capital of a place called the United Arab Emirates, has a lot of money. They’re trying to get even more money by attracting rich people who manage big money funds called hedge funds.
  • To get these rich people to move to Abu Dhabi, they’re offering them special benefits like memberships to fancy clubs, helping their kids get into really good schools, and making it easier for them to live there.
  • Abu Dhabi wants to be a really important place for money stuff, like New York or London. They think they can do this because their city is safe, it’s easy to do business there, and it’s in a good time zone for trading money with other countries.
  • They have a special place called the Abu Dhabi Global Market where lots of money stuff happens. Many big companies like Goldman Sachs and Morgan Stanley have set up shop there.
  • But there’s a problem. Abu Dhabi has to compete with other cities nearby like Dubai and Riyadh. These cities have been in the money game for longer, so it’s going to be tough for Abu Dhabi to become the top money city.