Dubai International Finance Centre records growth in 2022

  • DIFC’s growth in 2021 vs 2022
  • DIFC’s total profits and assets have increased significantly

Dubai International Finance Centre (DIFC) has recorded impressive growth in 2022, solidifying its position as the leading economic and financial hub in the Middle East, Africa, and South Asia. The organization reported an influx of revenue, amounting to more than 272 million US Dollars, marking the first time in its history to achieve this feat. This figure represents a growth of 18% from the previous year’s revenue of 244 million US Dollars.

Additionally, the total number of actively registered companies increased by over 20%, from 4,377 to more than 5,200 in 2022. During the financial year, around 1,084 companies registered with DIFC, indicating an influx of more than 1,000 cases in a single financial year.

DIFC has built a robust and diverse portfolio of assets and handlings, including 17 global banks, 25 global systemically important banks, five asset management companies, five of the top insurance companies, and several leading law and consulting firms with global operations.

Innovation and FinTech are also significant clients for DIFC, with 291 new clients added in 2022. Over 600 technology and innovation-related firms ranging from small start-ups to global unicorns have consulted with DIFC.

The total bankable assets held by DIFC remained stable at 199 billion US Dollars, with portfolio managers investing more than 164 billion US Dollars in 2022, marking an increase from 151 billion US Dollars in 2021. Venture Capital also witnessed an increase of 1.2 billion US Dollars, representing a growth of 78%.

DIFC’s remarkable growth in 2022 is a testament to its commitment to providing innovative and robust financial services to its clients. The organization has created a conducive environment for companies to thrive, enabling them to take advantage of the region’s rapidly growing economy.

With its strategic location, regulatory framework, and extensive range of services, DIFC is well-positioned to remain a key player in the global financial industry. Its impressive performance in 2022 demonstrates its capacity to continue to drive economic growth and development in the Middle East, Africa, and South Asia.

DIFC’s exceptional growth in 2022, including its increased revenue, the number of registered companies, and investment, further strengthens its position as a leading economic and financial hub in the region. The organization’s commitment to innovation and FinTech also underscores its readiness to adapt to changing market trends and to continue providing excellent services to its clients.