The Dubai International Financial Centre (DIFC) has reported that 537 entities registered to operate in the UAE-based hub during the first half of 2022.
This is a 22% rise in the total number of companies operating in the DIFC to 4,031 at the end of June 2022, up from 3,297 the year before. It is an 11% increase over the first six months of the year.
During its H1 2022 financial report, the DIFC said the centre is now home to 1,252 financial and innovation-related companies, an increase of 22% on the same period in 2021.
Fintech and innovation companies jumped to 599 from 406, a 23% surge year-on-year.
Newly-established DIFC entities includes wealth and asset management firm ADIB Capital.
‘Thriving financial community’
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai and president of the DIFC, said: “DIFC’s H1 performance is testament to Dubai’s ability to accelerate knowledge and innovation-driven growth amidst a rapidly evolving international environment, backed by the emirate’s strong and stable economy.
“Dubai International Financial Centre has created a strong platform for financial companies across the spectrum including global majors, regional players and promising entrepreneurial ventures to innovate, scale their business and add value to the economy.
“The continued expansion of the thriving financial community also shows DIFC’s growing global profile as an industry cluster that offers exceptional opportunities for expansion and business enterprise.
“DIFC will continue to build productive and long-lasting partnerships with financial companies worldwide by providing them the infrastructure and support needed to enhance their stability, competitiveness and growth potential.”
