PR91536

DUBAI, UAE, Sept. 8, 2021 /PRNewswire=KYODO JBN/--

Dubai International Financial Centre (DIFC), the leading international

financial hub in the Middle East, Africa and South Asia (MEASA) region, has

delivered continued strong growth in H1 2021, with the result that it has

achieved its 2024 Strategy growth targets three years ahead of schedule.

The performance reaffirms DIFC's global status as a financial and innovation

centre of choice. Active registered companies reached 3,292, an increase of 27%

year-on-year (H1 2020: 2,584). New companies registered during H1 totaled to

492, up 59% year-on-year (H1 2020: 310).

This growth represents a tripling in size since 2014 when the 2024 Strategy was

initiated and reflects DIFC's significant efforts to build on its

market-leading status in MEASA by continually enhancing its operating

environment, legal and regulatory frameworks, innovation offering and depth of

its ecosystem. Overall, DIFC is now home to 1,025 financial and innovation

related companies in total, up 25% on last year (H1 2020: 820).

His Excellency Essa Kazim, Governor of DIFC, said: "DIFC has successfully built

a global reputation as the leading financial centre in the MEASA region and the

achievement of our 2024 Strategy targets to triple in size three years ahead of

schedule is testament to the appeal of our proposition. DIFC will continue to

build on our success to date to play a key role in accelerating not only our

own growth but also the economic diversification of Dubai."

DIFC made strong progress in H1 with realising its vision to drive the future

of finance and nurture innovation. The recently launched Innovation Hub has

already reached full capacity, with over 140 new start-ups and FinTechs joining

this market-leading innovation ecosystem during the first six months of this

year. These include companies at all stages of development, from early-stage

start-ups such as Rentd Technology Ltd, Crayfish Labs Technologies Ltd,

PALFusion Technology Holdings and StashAway Management (DIFC) Ltd, growth stage

ventures including Ebury and Adyen, unicorns including as SoFi (UAE) Ltd and

established big tech players like Amazon and Huawei.

DIFC is also building its offering as part of its overall vision to connect

business, arts, culture and lifestyle.

Photo -

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Source: Dubai International Financial Centre