Dubai International Financial Centre (DIFC) has achieved a significant milestone by surpassing 8,000 active registered companies, underscoring its status as the leading financial hub in the Middle East, Africa, and South Asia (MEASA). This achievement reflects Dubai’s growing influence in the global financial landscape.
The DIFC’s expansion includes over 1,000 entities regulated by the Dubai Financial Services Authority (DFSA), encompassing a diverse range of sectors such as banking, capital markets, insurance, and wealth management. Notably, the centre is home to 289 licensed banks and capital markets firms, including 27 of the world’s 29 globally systemically important banks, managing approximately $240 billion in assets.
The DIFC Courts have also played a pivotal role in reinforcing the centre’s credibility, processing over AED 17.5 billion (approximately $4.8 billion) in case values this year, highlighting its capacity to handle complex commercial disputes.
As a result of these developments, Dubai has advanced to 11th place globally in the Global Financial Centres Index, affirming its position as a top-tier financial destination.
Essa Kazim, Governor of DIFC, emphasized that the centre’s success is a testament to Dubai’s strategic vision and commitment to fostering a robust financial ecosystem. He noted that DIFC’s achievements align with Dubai’s Economic Agenda (D33), aiming to position the city among the world’s top economic capitals.