Dubai: DIFC grows at record-breaking pace in 2022, combined revenue crosses Dh1 billion

Dubai: DIFC grows at record-breaking pace in 2022, combined revenue crosses Dh1 billion

Operating profit for 2022 increased 19 per cent to Dh679 million from Dh573 million in 2021

By Web Desk Published: Mon 20 Feb 2023, 1:33 PM

Dubai International Financial Centre (DIFC) continued to grow at a record-breaking pace in 2022 with the number of active registered companies rising 20 per cent from 3,644 in 2021 to 4,377 in 2022.

New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first time in the Centre’s history with 2022 seeing a total of 1,084 new firms.

The unprecedented growth, which supports the objectives of the Dubai Economic Agenda D33, further validates the vision of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum to make Dubai one of the world’s leading commercial and investment destinations.

The remarkable performance was driven by strategic plans aimed at advancing the scale and depth of value-generating innovation created by the DIFC community.

In 2022, DIFC’s combined revenue exceeded Dh1 billion for the first time. The Centre recorded a revenue increase of 18 per cent year on year to reach Dh1.06 billion from Dh897million in 2021. Operating profit for 2022 increased 19 per cent to Dh679 million