The top global financial hub in the Middle East, Africa, and South Asia (MEASA), Dubai International Financial Centre (DIFC), has revealed record financial figures for 2024. The milestone, which falls on the 20th anniversary of DIFC, solidifies Dubai’s standing as the hub for financial services in the region.
The number of active enterprises in the centre has increased by 25% to 6,920 from 5,523 in 2023. Additionally, DIFC reported 1,823 new registrations in 2024, the biggest annual total to date and a record 25% gain.
With Dhs1.78 billion (US$484 million) in total income for 2024, DIFC saw the most yearly growth since its founding and a 37% increase over its record-breaking 2023 performance. At Dhs1.33 billion ($363 million), operating profit increased by 55%.
First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and DIFC President Sheikh Maktoum Bin Mohammed bin Rashid Al Maktoum stated: “The remarkable expansion of DIFC over the last two decades is a testament to the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, who aims to make the emirate the premier global financial hub in the region.” This accomplishment strengthens Dubai’s standing as a premier financial services hub worldwide. Dubai continues, Sheikh Maktoum confirmed.
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