DIFC drives Dubai’s next phase of growth

DIFC drives Dubai’s next phase of growth

Dubai International Financial Centre (DIFC) reported its best annual performance to date in its history of 17-years with total assets crossing Dh14.80 billion ($4 billion).

Published: Wed 16 Feb 2022, 6:08 PM Last updated: Wed 16 Feb 2022, 6:15 PM

Dubai has won many global accolades for handling the pandemic and its impact by setting a precedent of building a robust economy simultaneously. The proof of it was evident on Wednesday when Dubai International Financial Centre (DIFC) reported its best annual performance to date in its history of 17-years.

The performance, reflects the success of strategic measures undertaken to grow the DIFC community under the directives of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), contributes significantly to the UAE’s economy and positions the centre as a significant player in the global financial industry.

DIFC achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021, recording 996 company registrations last year, the highest ever recorded in a single year for the centre, a 36 per cent increase from 2020. The growth in company numbers is more than triple