DIFC’s 20th Anniversary Takes Flight with Strong Contribution to Dubai’s Economy and Record-Breaking Annual Results

Dubai International Financial Centre (DIFC) continued to differentiate its position as the leading global financial centre for the Middle East, Africa and South Asia (MEASA) region during 2023. The Centre is home to 5,523 active companies, a significant 26 per cent year-on-year boost from 4,377 in 2022. 1,451 new companies established in DIFC in 2023, the highest number of new registrations annually in the Centre’s history, up 34 per cent. DIFC also announced it is ahead of target to double its GDP contribution by 2030.

The results reflect the vision set out 20 years ago by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai for DIFC to make an effective contribution to the international financial services industry, promote the Emirate and develop the economy.

2023 combined revenues grew at their fastest levels since inception, approaching AED 1.3bn, 23 per cent higher than 2022. Operating profit reached AED 859mn, up 27 per cent. Reflecting the strength of DIFC’s financial position, total assets were AED 18bn, an increase of 18 per cent.

To read more visit: https://www.difc.ae/whats-on/news/difcs-20th-anniversary-takes-flight-with-strong-contribution-to-dubais-economy