Dubai has earned a spot among the top five fintech hubs in the world, as recognized by the Global Financial Centre Index (GFCI). The city’s achievement is largely due to the efforts of the Dubai International Financial Centre (DIFC), which has become a major hub for financial growth and innovation.
In addition to its fintech success, Dubai secured 12th place among global financial centers. Leading the rankings were New York, London, and Singapore. The city’s rapid growth reflects its increasing influence on the global financial stage.
DIFC hosts several prominent hedge funds and family offices, collectively managing assets worth over $1.2 trillion. With recent regulatory improvements, free zone companies now have more opportunities to expand their operations efficiently. These changes have further positioned Dubai as an attractive destination for financial institutions and startups.
Essa Kazim, the Governor of DIFC, highlighted the city’s role in shaping the global financial landscape. He noted that Dubai’s commitment to innovation and business-friendly policies has played a key role in its growing prominence.
The GFCI evaluated 119 financial centers worldwide, and Dubai’s rise in the rankings is a testament to its strategic efforts in the fintech sector. As Dubai continues to invest in technology and financial infrastructure, it remains a leading choice for businesses and investors.
