Focused On The Future: Mohammed Alblooshi, Head Of DIFC Innovation Hub And FinTech Hive – Entrepreneur

  • Date: 06-May-2023
  • Source: Entrepreneur Middle East
  • Sector:Financial Markets
  • Country:UAE
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Focused On The Future: Mohammed Alblooshi, Head Of DIFC Innovation Hub And FinTech Hive – Entrepreneur





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In 2022, the UAE Ministry of Economy announced that the country's fintech sector had reached a formidable US$2.5 billion in market value- making it the biggest fintech market in the MENA region. Meanwhile, a 2023 Mordor Intelligence report notes that "in terms of innovation, market size, and development potential, the UAE is rated first among fintech centers worldwide." At the heart of this ever-growing ecosystem is the Dubai International Financial Centre (DIFC), an onshore financial hub for the Middle East, Africa, and South Asia.

Launched in 2005, the DIFC has proven to be a stable launchpad for over 4,300 regional and international financial companies, and is today home to over 25,000 employees. But in addition to assisting with matters related to company set up, the DIFC has also played a part in