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DIFC sees strong growth in 2020

Saturday, 18 July 2020 14:01

By Nadia Swan

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.

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