This announcement comes as the DIFC states that the ecosystem has more than doubled in the last six months from 80 to 200 companies. The sharp increase in 2019 is due to the number of international and regional FinTech companies that select the DIFC.
Arif Amiri, Chief Executive Officer of DIFC Authority, said: “The significant rise in the number of registered FinTech firms establishing a presence at the Centre highlights our sustained efforts to transform the region’s financial technology ecosystem and drive sustainable economic growth. It is a reflection of our commitment to reinforcing Dubai’s position as one of the world’s top ten FinTech hubs.”
Arif Amiri added:
We aim to continue this momentum and growth through our evolving regulatory environment and the quality of collaborators we bring into the DIFC, as our vision of driving the future of finance becomes a reality.
Alongside this, the DIFC has also seen an increase in the amount of FinTechs who register to participate in programs such as the dedicated accelerator program that is designed to test the first steps of regional markets.
Global companies have been drawn to join the DIFC including UK architect of digital banking and solutions for payments. Also, QFPay, mobile payment company from Hong Kong have joined the DIFC.
As more companies register in Dubai some chose to live in the area and benefit from the fact that Dubai Property Market Prices are on Realistic Levels.
Image Source by Wealth & Finance Intl