Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) is one of the world’s top ten financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA). As well as connecting the region’s markets to the economies of Europe, Asia and the Americas, DIFC facilitates the flow of trade and investment along the South-South economic corridor encompassing Africa, South Asia and Latin America.
Established in 2004, DIFC is a 110-acre district that is home to 1,750 companies and more than 21,000 highly skilled professionals, making it the largest financial centre in the region.
The Centre provides an environment for these businesses to thrive. Its independent regulator, the Dubai Financial Services Authority (DFSA), has embedded uncompromisingly high standards in a clear, succinct and robust Common Law framework. Meanwhile, the Dispute Resolution Authority (DRA) has grown to become the preferred platform for legal excellence and commercial dispute resolution in Dubai and the wider region. The district also features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas, and hotels. 2018 will see the opening of Gate Avenue at DIFC, a 660,000 sq ft retail and leisure development that will link the podium levels of all buildings elevating DIFC’s position from a leading financial hub to a world-class business and lifestyle destination.
DIFC is also driving the development of the regional financial services sector by continuously engaging with the industry to ensure legislation and the operating environment adapt to market needs and accommodate emerging industries. Most recently, FinTech Hive at DIFC was launched as a first-of-its-kind accelerator, to facilitate collaboration between cutting-edge technology companies and leading regional and international financial institutions.
DIFC is working towards an ambitious 2024 Strategy, which sets out the Centre’s plan to grow threefold by the year 2024. The demand-driven plan covers a four-pronged strategy: facilitating trade and investment across the South-South corridor, deepening core synergies with existing clients, building relevance in key global sectors and continuously enhancing the Centre’s regulatory and physical infrastructure.
For further information, please visit our website: difc.ae, find us on LinkedIn, or follow us on Twitter @DIFC.