Dubai has been ranked among the many world’s prime 4 cities for FinTech within the newest International Monetary Centres Index (GFCI), launched as we speak. This prestigious recognition highlights the success of Dubai Worldwide Monetary Centre (DIFC) in consolidating the emirate’s standing because the main international monetary centre within the Center East, Africa and South Asia.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, stated: “Dubai’s rise as one of many world’s pre-eminent FinTech hubs is a testomony to the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to not solely place Dubai on the forefront of the world’s main cities, but additionally to form the way forward for numerous sectors. Our progress within the newest International Monetary Centres Index has been pushed by the aim of the Dubai Financial Agenda D33 to make the town one of many world’s prime 4 international monetary hubs. This achievement additionally displays the belief the worldwide monetary group has in Dubai’s capability to offer an optimum surroundings and infrastructure for progress, pushed by DIFC’s transformative initiatives. With our clear aspirations for the long run, we proceed to strengthen Dubai’s function as a drive for innovation and a platform for alternative, advancing progress that may serve our nation, the area and the world.”
Coinciding with as we speak’s announcement, DIFC revealed that the variety of AI, FinTech and innovation firms within the Centre and its Innovation Hub has now exceeded 1,500, making it the biggest cluster of its type within the area. Corporations working in these sectors have collectively raised over USD 4.2 billion in funding, underlining DIFC’s function because the area’s most energetic ecosystem for growth-stage expertise companies and entrepreneurs.
Additional underlining its rising affect on the world stage, Dubai additionally superior to eleventh place globally within the general GFCI rankings, reaffirming the belief of the worldwide finance trade within the metropolis. Moreover, the rating demonstrates how DIFC initiatives are accelerating the aim of the Dubai Financial Agenda D33 to turn out to be a prime 4 international monetary centre.
His Excellency Essa Kazim, Governor of DIFC, stated: “Dubai’s imaginative and prescient, guided by the management of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has all the time been to form the way forward for finance. Right now’s recognition within the International Monetary Centres Index reaffirms the emirate’s place as a world drive in FinTech and the broader monetary companies sector. Via DIFC, we’re enabling innovation, creating alternatives for progress, and guaranteeing Dubai continues to play a number one function in defining the way forward for the worldwide financial system.”
His Excellency Arif Amiri, Chief Government Officer of DIFC Authority, commented: “Dubai has turn out to be one of many world’s 4 most influential FinTech hubs due to DIFC’s unwavering deal with innovation, expertise, and expertise. At DIFC, we’re proud to be the platform that allows essentially the most bold entrepreneurs, established establishments, and forward-thinking buyers to collaborate and thrive. This achievement demonstrates the boldness the worldwide monetary group has in Dubai’s function as a catalyst for progress, and it motivates us to proceed driving the way forward for finance from right here in DIFC.”
The International Monetary Centres Index additionally identifies Dubai because the area’s solely monetary centre to be a world chief with broad and deep capabilities. Moreover, the findings rank Dubai as primary on the earth amongst monetary centres anticipated to turn out to be extra vital.
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