Record occupancy at DIFC despite Riyadh’s HQ drive
- Date: 15-Feb-2024
- Source: AGBI
- Sector:Financial Markets
- Country:UAE
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.
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