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Alternative Market Briefing

SALT heads to the middle east

Friday, November 01, 2019

The SALT Conference is returning to the international stage. Later this month SALT will present in partnership with Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi. SALT Abu Dhabi will be the inaugural SALT event in the Middle East or Africa. Opalesque sat down with SALT founder Anthony Scaramucci for this Q&A on what attendees can expect.

Opalesque: Why did you decide to go to Abu Dhabi for SALT?

AS: We're partnering with ADGM which is trying to build both regional and global focus into their financial markets work. Additionally, Abu Dhabi is a place where a lot of hedge fund managers go but it's not always a place many of the financial advisors that cover SkyBridge get to go to. We think it's important to extend the experience to the retail audience as those investors continue to build global portfolios.

Opalesque: Can you speak about the opportunities you see in the region?

AS: There's a significant opportunity in the region. Both Abu Dhabi and Dubai are rapidly growing cities. They're the modern cities, the cities of the future. If you look at the demography, 55% of the population is below the age of 25, so that's a major growth opportunity. These countries are trying to transition to a post-carbon world. When you take all of those factors together, you're looking at an area of the world that could potentially grow faster than many people expect.


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