The financial hub’s comprehensive financial ecosystem continues to secure new opportunities and strengthen international relationships to deliver sustainable growth.
Wednesday 18, September 2019 BY KUDAKWASHE MUZORIWA
The Dubai International Financial Centre (DIFC) has partnered with European financial centres, supporting the growth of Dubai as a leading global financial centre as the hub continues to drive the future of finance and explore opportunities for strategic collaboration with key European hubs to accelerate sustainable growth.
In a statement, the DIFC said that during a roadshow to Europe, the financial hub’s senior leadership highlighted the strength of the centre’s wealth and asset management market which was reported to be $424 billion in 2018—approximately 30 per cent of the GCC’s combined GDP.
The event also highlighted on DIFC’s H1 2019 achievements, emphasising the hub’s focus on boosting financial sector development, investing in innovation as well as strengthening fintech ecosystem and developing partnerships with key international accelerators.
DIFC also signed strategic agreements with fintech hubs including Accenture’s FinTech Innovation hub in London and Paris based Finance Innovation.
Arif Amiri, the Chief Executive Officer, DIFC Authority, said, “Europe remains a core market for the DIFC whilst 32 per cent of financial institutions based in the centre originate from European markets.”