DIFC’S H1 results show 23% rise in companies joining financial centre

DIFC’S H1 results show 23% rise in companies joining financial centre

Image: Dubai Media Office

The Dubai International Financial Centre (DIFC) witnessed double-digit growth in the first half of 2023, with 661 new entities registering during the period in the centre, as per state news agency WAM.

The total number of companies operating in DIFC rose from 4,031 to 4,949 at the end of June 2023, a year-on-year increase of 23 per cent.

DIFC said its performance underscored its role in growing the finance industry in the region as well as in raising Dubai’s status as a leading growth catalyst for financial institutions, FinTech firms, and innovation companies in the region.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance and President of DIFC, said, “DIFC’s exceptional performance in H1 2023 once again demonstrates the strength of the ecosystem it offers for investment, innovation and enterprise to flourish in the financial industry. DIFC has not only propelled Dubai’s development into a pre-eminent global financial hub but also helped create new spirals of growth in the wider region.

“As the emirate enters a new phase of growth with the implementation of the Dubai Economic Agenda D33, DIFC will be a vital contributor to the emirate’s