Asian firms, fintechs boost Dubai’s DIFC to best year ever:
The Dubai International Financial Center (DIFC) investment hub reported its best-ever year for new company registrations in 2018 on the back of strong interest from Asian firms and fintech (financial technology) companies.
Some 437 companies set up in the center last year, a 39 percent increase and the highest number in its 15-year history, with the growth in new registrations split equally between financial and non-financial firms, both 15 percent up on the year.
Essa Kazim, DIFC governor, said the result represented a significant step toward its 10-year strategy of tripling in size — in terms of the number of firms, employees and assets under management — by 2024.
The Dubai International Financial Center (DIFC) investment hub reported its best-ever year for new company registrations in 2018 on the back of strong interest from Asian firms and fintech (financial technology) companies.
Some 437 companies set up in the center last year, a 39 percent increase and the highest number in its 15-year history, with the growth in new registrations split equally between financial and non-financial firms, both 15 percent up on the year.
Essa Kazim, DIFC governor, said the result represented a significant step toward its 10-year strategy of tripling in size — in terms of the number of firms, employees and assets under management — by 2024.
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