Dubai has been officially recognized as one of the world’s top four leading cities for FinTech, according to the latest Global Financial Centres Index (GFCI). This significant ranking underscores the success of the Dubai International Financial Centre (DIFC) in establishing the emirate as the premier financial hub for the Middle East, Africa, and South Asia (MEASA) region.
A Hub For Innovation And Investment
Coinciding with the new ranking, the DIFC announced that its ecosystem, including its dedicated Innovation Hub, is now home to over 1,500 companies in the AI, FinTech, and innovation sectors. This concentration marks it as the largest cluster of its kind in the region. These firms have collectively raised more than $4.2 billion in investment, highlighting the centre’s critical role in fostering growth-stage technology ventures and attracting significant capital.
A Key Pillar Of The Dubai Economic Agenda D33
This achievement is a direct result of a focused national strategy. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, stated that the city’s rise is a testament to the vision of leadership and the ambitious goals of the Dubai Economic Agenda D33, which aims to make Dubai one of the top four global financial hubs. The ranking reflects the deep trust the international financial community has in Dubai’s infrastructure and growth-conducive environment.
Future Growth And Global Leadership
Further bolstering its global standing, Dubai advanced to 11th position in the overall GFCI rankings. Arif Amiri, CEO of DIFC Authority, attributed the success to an “unwavering focus on innovation, talent, and technology.” The GFCI report also identified Dubai as the region’s only financial centre to be a “global leader” with broad and deep capabilities and ranked it as the number one financial centre worldwide expected to grow in significance.
About The Dubai International Financial Centre (DIFC)
The Dubai International Financial Centre is the leading global financial hub for the Middle East, Africa, and South Asia (MEASA) region. It provides a world-class platform connecting regional markets with the economies of Europe, Asia, and the Americas. The DIFC is home to an internationally recognised, independent regulator and a proven judicial system, creating a secure and growth-oriented environment for businesses to thrive.
Source: Zawya
