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Dubai International Financial Centre (DIFC) Reported 14% Growth

March 15, 2020

This Sunday DIFC reported that the total number of companies operating from them grew by 14% to 2,437 companies in 2019 compared to 2018.

The DIFC, which attracted a record-breaking 493 new businesses in 2019, now counts:

 

  • 17 of the world’s top 20 banks,
  • 8 of the 10 leading global law firms,
  • 3 of the top 5 insurance companies and
  • 6 of the top 10 asset managers among its clients.

In total, the Centre is home to 737 active financial firms, representing an 18% increase since 2018, and 64% growth in five years. Notable registrations in 2019 include AntFinancial’s global payments pioneer WorldFirst, Malaysia’s Maybank Islamic Berhad, US financial services firm Cantor Fitzgerald, and Mauritius Commercial Bank.

Dubai International Financial Centre is the leading financial hub in the Middle East, Africa, and South Asia (MEASA) region and has risen up the ranks to eighth position of the GFCI, securing the Centre’s highest ever ranking. DIFC is one of the key initiatives at the forefront of Dubai’s new phase of growth and its efforts to create a business and investment environment that rivals the world’s best.

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