UAE Business: DIFC logs strong growth, 537 entities register in H1 2022 – Gulf Digital News

UAE Business: DIFC logs strong growth, 537 entities register in H1 2022 – Gulf Digital News

A total of 537 new entities registered at the Dubai International Financial Centre (DIFC), a leading global financial centre in the region, during the first half of this year, representing an 11% year-to-date increase.

The total number of companies operating in DIFC has gone up from 3,297 to 4,031 at the end of June 2022, an increase of 22% year-on-year, a WAM report said.

Amongst its 4,031 entities, DIFC is currently home to 17 of the world’s top 20 banks, 25 of the world’s top 30 global systemically important banks, five of the top 10 insurance companies, five of the top 10 asset managers, and many leading global law and consulting firms.

Robust performance

The Centre’s robust performance reinforces DIFC’s Strategy 2030 to drive the future of finance, differentiate Dubai as a global hub for financial institutions, FinTech and innovation companies, and increase its economic contribution to the emirate.

This led to the fastest job creation growth rate since inception, and further expands the largest and most diverse pool of industry talent in the region. As a result, the demand for commercial space also surged.

Demonstrating the attractiveness of DIFC’s market-leading operating environment, legal and regulatory framework, innovation offering and ecosystem depth, the Centre is now