Dubai has reached a historic milestone in the latest Global Financial Centers Index (GFCI), securing its highest-ever ranking at seventh place globally.
This significant achievement highlights the emirate’s rapid ascent as one of the world’s most influential financial hubs, underscoring its growing importance in the global financial ecosystem.
Dubai’s performance is the highest ranking ever achieved by a financial center in the Middle East, Africa, and South Asia (MEASA), as the city remains the only center from the region to feature in the top 20, underscoring its regional leadership and global competitiveness.
It reflects the sustained momentum of the emirate’s financial ecosystem, driven by the continued expansion and global impact of the Dubai International Financial Centre (DIFC), which continues to cement its position as a comprehensive financial hub.
The ranking positions the emirate as the only financial center in the region, alongside world-leading financial hubs such as London, New York City, and Singapore.
The emirate also retained its classification as one of the 10 cities in the world to be a global leader for the industry and ranked the number one financial center expected to become more significant.
According to the statement, this remarkable achievement marks a crucial milestone in the city’s ambitious goal to secure a spot among the world’s top four financial centers by 2033. Aligned with the Dubai Economic Agenda D33, the emirate is on track to further strengthen its position as a global leader in finance, investment, and innovation.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the DIFC, said that, “Dubai’s rise to seventh place in the Global Financial Centers Index reflects the strength of our economic vision and the confidence the international financial community places in our ecosystem. Through the Dubai Economic Agenda D33, we are accelerating our efforts to position Dubai among the world’s top four global financial centers by 2033.”
