DIFC records best performance in 17-year history driving Dubai’s next phase of growth

DIFC records best performance in 17-year history driving Dubai’s next phase of growth

WAM: Dubai International Financial Centre (DIFC), the Middle East, Africa and South Asia (MEASA) region’s leading global financial centre has reported its best annual performance to date.

The performance, which reflects the success of strategic measures undertaken to grow the DIFC community under the directives of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), contributes significantly to the UAE’s economy and positions the Centre as a significant player in the global financial industry.

DIFC further reinforced its global profile with a year of strong growth against the backdrop of the worldwide pandemic. The centre achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021.

DIFC recorded 996 company registrations last year, the highest ever recorded in a single year for the Centre, a 36 per cent increase from 2020. The growth in company numbers is more than triple the average number across the last decade.