DIFC Achieves 27% Increase in Active Registered Companies during H1
Business
Dubai - Asharq Al-Awsat
Dubai International Financial Centre (DIFC) has achieved its ‘2024 Strategy’ growth targets three years ahead of schedule. The total number of active registered companies has reached 3,292, an increase of 27 percent year on year. DIFC has delivered strong growth in the first half of 2021, with 492 new company registrations, an impressive 59 percent increase from the same period in 2020. It is now home to 1,025 financial and innovation-related companies in total, up 25 percent from last year. Deputy Ruler of Dubai and President of the DIFC Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said that DIFC’s exceptional accomplishments in the first half of 2021 demonstrate the Center’s commitment to achieving higher levels of performance and ensuring leadership in the financial sector both regionally and globally. “The announcement of the H1 2021 results coincides with the launch of 50 new initiatives and projects in the UAE based on the ‘Principles of the 50’ document, which is set to serve as a strategic roadmap for the country's new era of political, economic and social development," he added. Sheikh Maktoum praised the DIFC team’s impressive performance amid the current worldwide environment and urged them to enhance cooperation with partners to consolidate further growth. The recently launched Innovation Hub has already reached full capacity, with over 140 new start-ups and FinTechs joining this market-leading innovation ecosystem during the first six months of this year. These include companies at all stages of development, from early-stage start-ups, growth-stage ventures, and unicorns including Amazon and Huawei. Governor of DIFC Essa Kazim said, “Our continued growth also reflects the success of our forward-thinking approach to focus on driving both the future of finance and technology and innovation more broadly, enabling DIFC to attract pioneering start-ups and best-in-class global institutions alike.” He added, “DIFC will continue to build on our success to date to play a key role in accelerating not only our growth but also the economic diversification of Dubai.” Following its launch, the Innovation Hub has reached full capacity with tenants including early to growth-stage start-ups such as Thunderbird School of Global Management, part of Arizona State University, and established tech companies including Ebury, Amazon, and Huawei.
from Asharq AL-awsat https://english.aawsat.com/home/article/3177341/difc-achieves-27-increase-active-registered-companies-during-h1
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