Abu Dhabi’s quest to attract top hedge funds to its financial centre is creating a shortage of office space in the oil-rich emirate.

After struggling to attract tenants for years, the four sleek towers in Abu Dhabi Global Market, which has long sat on Al Maryah Island, are almost full. The government is now working on expanding the free zone’s jurisdiction to neighbouring Al Reem Island in a move that will give it 10 times as much space and make it one of the largest financial districts on the planet, stretching 14.4 million square metres.

Bloomberg