Dubai International Financial Centre Reports Record Growth in 2019

Dubai International Financial Centre Reports Record Growth in 2019

Dubai International Financial Centre (DIFC), the international financial hub in the Middle East, Africa and South Asia (MEASA) region, announced a record growth in 2019.. The total number of firms in the Centre reached 2,437, up 14% from 2018, with a total of 32% growth since 2017.. In total, the Centre is home to 737 active financial firms, representing an 18% increase since 2018, and 64% growth in five years.. " the growth reflects the Centre's significant direct contribution to Dubai's economy, in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to establish the emirate as a major global centre for the new economy.". We have also forged a number of new partnerships and strengthened existing agreements internationally and regionally which have helped the Centre achieve substantial growth.. "We have mapped out a strategy for DIFC that has confirmed our place in the global network of world financial centres and is supporting innovation, trade and investment throughout MEASA region.. By providing a stable well-regulated platform for businesses in the region to thrive, we will also be able to increase significantly the contribution we