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Monday, September 27, 2021

Dubai International Financial Centre registered 492 new companies in H1 2021, records 59% increase

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Dubai International Financial Center (DIFC) has registered 492 new companies in the principal half of 2021, recording a 59 percent increase from the same period in 2020.

The total number of dynamic registered companies has arrived at 3,292, an increase of 27%, contrasted with 2,584 from a year-sooner period. This development addresses a tripling in size since 2014 when the ‘2024 Strategy’ was started, a statement said.

DIFC is presently home to 1,025 financial and advancement related companies altogether, up 25% from last year’s 820.

The DIFC Innovation Hub, introduced in May, has arrived at full limit with inhabitants including right on time to development stage new businesses like YAP, Beehive, Tabby, Xpence, Stake, Rain and Bayzat just as Thunderbird School of Global Management, part of Arizona State University. DIFC has also declared a fourfold development to the center in the following two years to oblige up to 1,000 organizations.

Sheik Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the DIFC, said: “The declaration of the H1 2021 outcomes agrees with the dispatch of 50 new drives and undertakings in the UAE on Sunday dependent on the ‘Principles of the 50’ archive, which is set to serve as a key guide for the country’s new period of political, monetary and social development.”

“DIFC has effectively constructed a global standing as the leading financial focus in the MEASA locale and the achievement of our ‘2024 Strategy’ focus to significantly increase in size three years early is testament to the appeal of our proposition,” added Essa Kazim, governor of DIFC.

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