Dubai's rise as a global financial center has been remarkable, earning its place in the top 10 Global Financial Centres Index in 2019. This accomplishment solidifies Dubai's position not only as a leading global business hub but as the primary financial center in the MEASA (Middle East, Africa, and South Asia) region.
Strategically located between the East and the West, Dubai has continuously evolved its offerings to compete with other major financial centers worldwide. The city's financial landscape is designed to meet the needs of the growing economies in the MEASA region, serving the 3 billion residents with a diverse range of financial services and Islamic financing options. All of this is provided within a highly regulated environment, ensuring stability and reliability.
Dubai's success as a global financial center can be attributed to its progressive approach in finding people-oriented solutions. The leadership's commitment to fostering innovation and development has been a key driver behind Dubai's sustained rise in the financial world.
The Dubai International Financial Centre (DIFC) 2.0, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, aims to further elevate Dubai's status. This initiative has set ambitious goals, including tripling the scale of operations. The primary focus is on creating an environment conducive to innovation and development, supporting human capital development, and benefiting the existing community of professionals and registered companies. Currently, the DIFC is home to 25,600 professionals and hosts 2,900 active registered companies.
Dubai's commitment to being a hub for investment is evident in its strategic positioning, comprehensive financial services, and forward-thinking initiatives. The city's trajectory as a global financial center is driven by a vision that not only serves its local economy but also contributes significantly to the broader regional and global financial landscape.
