The Dubai International Financial Centre (DIFC) says that the number of licensed fintech firms has gone from 35 to more than 80 in H1 2019. The growth is not solely from local companies, as international firms are also choosing Dubai as their regional base.
Arif Amiri, CEO of DIFC Authority, said: "We are continuing to cement our global position as a pivotal business and finance hub, while making significant headway towards meeting our 2024 targets. "Our focus on innovation and technology is delivering a blueprint for sustainable growth as we continue our journey towards driving the future of finance. DIFC’s emphasis on transforming its lifestyle offering, alongside strategic investments within technology and fintech means we are confident about reinforcing our position as a leading global financial centre – a great place to live, work, play and do business.”