- The Dubai International Financial Centre (DIFC) has expanded its economic contribution to the UAE which is expected to bring in additional investment for the country in 2023. The DIFC's 2030 strategy aims to transform Dubai into a hub for financial innovation and technology and the creation of digital asset legislation by expanding the DIFC Innovation Hub.
- The DIFC welcomed 537 new firms in the first half of this year, an 11% rise over the same period last year, reiterating the emirate's position as a major financial hub. Meanwhile, the number of registered firms increased from 3,297 at the beginning of the year to 4,031 during the course of the six-month period. The overall number of businesses operating in the DIFC increased by 22% yearly.
Why it matters
The DIFC links expanding markets in the region with Asia, Europe, and the Americas, and has a history of facilitating investment across the Middle East, Africa, and South Asia. It is home to the financial ecosystem of the region, with about 30,000 professionals and more than 4,000 active registered firms.