DIFC strong growth in H1 reaffirms Dubai’s status as a global financial hub

DIFC strong growth in H1 reaffirms Dubai’s status as a global financial hub

The centre’s strong performance reinforces DIFC’s Strategy 2030 to drive the future of finance, differentiate Dubai as a global hub for financial institutions, fintech and innovation companies. — File photo

Published: Wed 7 Sep 2022, 7:50 PM Last updated: Wed 7 Sep 2022, 7:55 PM

Dubai International Financial Centre (DIFC) on Wednesday delivered robust growth in the first half of 2022 as it registered more companies in the centre.

In a statement, the region's leading global financial centre said total number of registered companies grew from 3,297 to 4,031 during the January-June 2022, reflecting a 22 per cent year-on-year growth. The centre also registered 537 new entities during the first half, indicating an 11 per cent year-on-year increase.

The centre’s strong performance reinforces DIFC’s Strategy 2030 to drive the future of finance, differentiate Dubai as a global hub for financial institutions, fintech and innovation companies, and increase its economic contribution to the emirate.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC, said the continuing strong momentum of DIFC’s growth yet again validates the far-reaching vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime