DIFC’s top performance reinforces status of Dubai as a key trading hub

DIFC’s top performance reinforces status of Dubai as a key trading hub

A total of 915 financial companies are now active in DIFC, up 24 per cent from 735 in 2019. Inayat-ur-Rahman, Gulf TodayThe Dubai International Financial Centre's (DIFC) remarkable growth has further raised the City of Wonders' status as a major focal point for global finance and a growth multiplier for the industry. The leading international financial hub in the Middle East, Africa and South Asia (MEASA) region on Tuesday reported the best performance in its 16-year history. Delivered under the leadership of 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