DIFC sees strong growth in 2020

Supplied

Dubai International Financial Centre (DIFC) has continued to see accelerated growth in first half of this year.

The total number of companies currently operating in DIFC stands at 2,584 which is a 13% increase year-on-year and up six percent on the same period last year.

The number of  new companies that registered there amounted to 310 representing an increase of 25% on the previous year.

FinTech firms were a large component with 87 new ones joining, an increase of 74% year-on-year with 202 fully licensed FinTech firms now operating within the Centre.

DIFC invested in four start-ups from its USD 100 million FinTech Fund to support sector diversification and drive the future of finance.

These achievements paralleled efforts to help clients emerge stronger from the COVID-19 pandemic, contributing to local, regional and global economies.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!