DIFC Records Highest Number Of Annual Registrations Since Inception In 2020 Date
10/03/2021
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region today reported the best performance in its 16-year history.
Delivered under the leadership of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of DIFC, these achievements contribute to all pillars of Dubai s 2021 strategy, including raising the emirate’s status as a pivotal global economic hub and a smart and a sustainable city.
Reaffirming Dubai’s growing reputation across the global finance industry, the number of new firms operating in DIFC grew 20 per cent, taking the total to 2,919. A total of 915 financial companies are now active in DIFC, up 24 per cent from 735 in 2019. The number of businesses in the FinTech and Innovation ecosystem more than doubled with 189 joining i
Industry development
DIFC introduced and updated laws and regulations to reflect global best practices and distinguish itself as the leading financial centre in the MEASA region. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, enacted the new Leasing Law and the new Data Protection Law in January and June 2020, respectively.
The new Leasing Law provided further protection to property owners and tenants, aligning the Centre s legal and regulatory framework with best practice and international standards. The new Data Protection Law brought the previous DIFC Data Protection regime in line with the EU s General Data Protection Regulation (GDPR) principles, a first for the region, reflecting the DIFC s commitment to data security, information protection and cyber resilience.