DIFC records highest number of annual registrations since inception in 2020

DIFC records highest number of annual registrations since inception in 2020

Delivered under the leadership of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC, these achievements contribute to all pillars of Dubai's 2021 strategy, including raising the emirate's status as a pivotal global economic hub and a smart and a sustainable city.Reaffirming Dubai's growing reputation across the global finance industry, the number of new firms operating in DIFC grew 20 per cent, taking the total to 2,919. A total of 915 financial companies are now active in DIFC, up 24 per cent from 735 in 2019. The number of businesses in the FinTech and Innovation ecosystem more than doubled with 189 joining in 2020, taking the total to 303. This represents substantial progress on DIFC's 2024 vision and strategy to drive the future of finance. The wide range of new clients further contributes to the breadth and depth of DIFC, underscoring the solid foundations that the Centre has been built on. Business sectors across DIFC achieved exponential growth, including banking, capital markets, wealth and asset management, FinTech and professional services.His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said: "DIFC's exceptional accomplishments in 2020 demonstrate the strength of the economic