The network will broadcast from a studio in the emirate’s financial hub, the Abu Dhabi Global Market (ADGM).
CNBC said it will produce a daily global business show from its Abu Dhabi base, while also building up a stronger editorial presence across the region. It is looking to hire at 10 people to work at the new HQ.
“Abu Dhabi offers an excellent base for CNBC in the Middle East. It is home to many of the region’s key businesses and decision-makers as well as being a major financial services hub,” said KC Sullivan, president and managing director of CNBC International.
The broadcaster will also be offering commercial services such as tailored events and research to clients in the region, Sullivan said.
Chairman of ADGM, Ahmed Ali Al Sayegh, said: “The presence of CNBC here augments Abu Dhabi’s position as one of the leading global business and financial hubs. ADGM will continue to play its part to connect local and global businesses to opportunities in this region, as well as to enable investors to access actionable financial news and information.”
Earlier this year, the network started broadcasting regular live Middle East business updates from the ADGM presented by the Middle East anchor Hadley Gamble, ahead of establishing a permanent studio presence.
CNBC already broadcasts daily from its other regional headquarters in New York, London and Singapore.