Record occupancy at DIFC despite Riyadh’s HQ drive

Record occupancy at DIFC despite Riyadh’s HQ drive

Occupancy levels in Dubai’s International Financial Centre (DIFC) have risen significantly in the last year, despite strong competition from neighbouring Saudi Arabia. “The fastest growth we ever witnessed in the DIFC has been in the last three or four years,” Essa Kazim, the DIFC governor, told a media briefing on Thursday. He revealed that the […]

‘Fastest growth’ ever at financial centre

26% occupancy rise in 2023

Riyadh’s HQ programme not dented growth

Occupancy levels in Dubai’s International Financial Centre (DIFC) have risen significantly in the last year, despite strong competition from neighbouring Saudi Arabia.

“The fastest growth we ever witnessed in the DIFC has been in the last three or four years,” Essa Kazim, the DIFC governor, told a media briefing on Thursday.

He revealed that the DIFC is home to 5,523 companies, a year-on-year rise of 26 percent compared to 2022, with 1,451 new registrations in the last 12 months. The free zone’s total workforce increased 15 percent year-on-year to 41,597.

A pleasant stroll through The Village, Dubai-style

The world is moving to Saudi Arabia

Dubai hospitality thrives despite rising costs

Saudi Arabia’s Riyadh Headquarters programme set a target of January 1, 2024, for companies to set up in the kingdom, to be able to gain access to