There are now 2,289 companies operating from the Dubai International Financial Centre (DIFC), an increase of 14% from last year and a 7% rise since the end of 2018.
According to a statement from the DIFC, the growth “reinforced its contribution to the UAE’s economy and its commitment to driving the future of finance”.
Over 600 jobs have been created, taking the centre’s combined workforce to more than 24,000 individuals.
Financial services firms that joined in 2019 include Maybank Islamic from Malaysia, Cantor Fitzgerald from the United States, Atlas Wealth Management from Australia and Mauritius Commercial Bank.
Three times the size
Sheikh Maktoum bin Mohammed, deputy ruler of Dubai and president of the DIFC, commented: “The planned expansion of the DIFC will solidify Dubai’s role as a pivotal hub for companies from around the world to access regional opportunities.”
The phased growth plan will triple the scale of the financial hub and enable the DIFC to help deliver on Dubai’s ambitious growth agenda, while diversifying and transforming the financial services sector within the wider region.
