DIFC achieves best annual performance to date with $244 million in 2021 revenues

DIFC achieves best annual performance to date with $244 million in 2021 revenues

Dubai International Financial Centre (DIFC) has reported its best annual performance to date, with a year of strong growth against the backdrop of the COVID-19 pandemic, Emirates News Agency (WAM) reported on Wednesday.

DIFCreportedly achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021.

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“DIFC’s best-ever annual performance reflects Dubai’s position at the forefront of global recovery in the financial sector and the broader economy,” said Dubai’s Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC.

“The Center’s ability to continue building a thriving financial community amidst a rapidly changing international environment demonstrates the far-reaching vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, which has enabled the emirate to create a strong economy fueled by innovation,” Sheikh Maktoum added.

The Center reportedly recorded 996 company registrations throughout 2021, the highest ever recorded in a single year in DIFC’s history, registering a 39 percent rise from 2020. The growth in company numbers represents more than three times the average number throughout the last decade.

A total of