DIFC sees strong growth in 2020

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.

More from Business

Coming Up on Dubai Eye

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!