DIFC strengthens Dubai’s status as preferred global financial & innovation hub

By Shilpa Annie Joseph, Official Reporter
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Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, has generated a new wave of interest in Dubai from US financial services firms that are keen to access regional opportunities by having a presence in the Centre.

The interest was stimulated when a DIFC senior delegation, led by Mr. Essa Kazim, Governor of DIFC, met with prospective and existing clients as well as industry bodies in New York and San Francisco.

The Governor’s delegation discussed collaboration opportunities and secured commitments by highlighting Dubai’s role as a regional business hub and the DIFC’s English common law platform and talent ecosystem.

“The roadshow showcased how DIFC is enabling the future of finance and helping prospective clients navigate a route to MEASA markets, funding, and talent,” according to the statement.

Essa Kazim
Essa Kazim
Governor – DIFC

“The unparalleled demand from US firms seeking to move their finest talent to Dubai reinforces the depth of the region’s markets. Dubai’s reputation as a global hub for talent and innovation makes the Emirate the top destination for US organizations seeking this regional growth. US firms have been choosing DIFC as their preferred location since our establishment in 2004 and now account for 9% of our financial services clients. Our first official trip to the US since the pandemic has generated particular interest from wealth and asset management and FinTech firms, which are relocating talent to Dubai and DIFC. We will continue to deepen these strategic partnerships to help our US clients realize their growth aspirations and to contribute to the growth of our economy.”

DIFC, Standard Chartered Bank, and the US-UAE Business Council hosted an exclusive discussion on Dubai’s role as a global business hub and the efficacy of DIFC’s platform in attracting top firms and talent.

During the event, Her Excellency Amna Binzaal Almheiri, UAE Consul General in New York, highlighted the $23 billion US-UAE bilateral trade relationship, the UAE and Dubai’s role as centers for commerce as well as the DIFC’s world-class infrastructure. The event spotlighted market access, innovation, and talent as key reasons for DIFC’s success as a global platform.

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