Prime Highlight
- Dubai has been ranked among the top four global cities in FinTech and rose to 11th place overall in the Global Financial Centres Index (GFCI).
- The Dubai International Financial Centre (DIFC) has played a key role in strengthening Dubai’s status as a financial hub, hosting over 1,500 AI, FinTech, and innovation companies.
Key Facts
- Companies within DIFC have collectively attracted more than $4.2 billion in investments, making it the largest FinTech and innovation cluster in the region.
- Dubai’s focus on innovation, talent, and technology aligns with the Dubai Economic Agenda D33, which aims to place the city among the world’s top four financial centres.
Background
The latest Global Financial Centres Index (GFCI) has ranked Dubai as one of the top four cities in the world in FinTech. The city also rose to 11th place globally in the overall financial centres ranking, reflecting strong international confidence in its long-term growth.
Dubai International Financial Centre (DIFC) has contributed significantly towards strengthening Dubai as a financial hub in the Middle East, Africa and South Asia. The DIFC is currently home to over 1,500 artificial intelligence, FinTech, and innovation companies and has become the biggest such cluster in the region. All these companies have collectively increased upwards of $4.2 billion in investments.
Essa Kazim, Governor of DIFC, said the ranking reaffirmed Dubai’s global position in financial services. “Through DIFC, we are enabling innovation, creating growth opportunities, and ensuring Dubai continues to play a leading role in defining the future of the global economy,” he said.
Arif Amiri, CEO of DIFC Authority, added that Dubai’s focus on “innovation, talent, and technology” has helped the city become one of the world’s most influential FinTech hubs.
Investors and financial professionals around the world closely follow the GFCI. Dubai’s recent recognition supports the goals of the Dubai Economic Agenda D33, which aims to place the city among the world’s top four financial centres and boost its influence in global finance.
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