DIFC records exceptional performance in H1 2023

The Dubai International Financial Centre (DIFC) witnessed exceptional growth in the first half of 2023 with 661 companies joining the economic zone, marking a 23 per cent increase year-on-year.

A record-breaking 3,057 new jobs were created during the six-month period, increasing the DIFC's total workforce by 20 per cent year-on-year to 39,140.

The financial centre is currently home to as many as 4,949 companies.

The first six months of the year also saw high demand for commercial space with DIFC leasing over 233,000 sq. ft. owned and managed commercial space. Occupancy rates stood at 99 per cent.

"DIFC’s exceptional performance in the first half of the year once again demonstrates the strength of the ecosystem it offers for investment, innovation and enterprise to flourish in the financial industry," said His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC.

"As the emirate enters a new phase of growth with the implementation of the Dubai Economic Agenda D33, DIFC will be a vital contributor to the emirate’s efforts to open new horizons of sustainable development and unlock the potential of advanced financial technologies." 

#Dubai International Financial Centre (@DIFC)
recorded outstanding results in the first half of 2023 pic.twitter.com/1VYLV9BvdU

— Dubai Media Office (@DXBMediaOffice) August 1, 2023

The total number of companies operating in @DIFC rose from 4,031 to 4,949 at the end of June 2023, a year-on-year increase of 23%. The number of firms in DIFC’s FinTech and Innovation sectors grew 35% year-on-year from 599 to 811, consolidating its reputation as a global hub for… pic.twitter.com/Svdep1MuJN

— Dubai Media Office (@DXBMediaOffice) August 1, 2023