- The delegation met with senior executives from more than 100 major U.S. financial services and technology companies
- Demonstrates DIFC’s commitment to supporting Dubai‘s diversification goals by establishing international partnerships and attracting companies to establish operations in the emirate
Dubai, United Arab Emirates: The Dubai International Financial Center (DIFC), the world’s leading financial center in the Middle East, Africa and South Asia (MEASA), has sparked a new wave of interest in Dubai from US financial services companies seeking access to regional markets. possibilities by being present at the Centre.
Interest was stimulated when a high-level DIFC delegation, led by Her Excellency Essa Kazim, DIFC Governor, met with potential and existing customers and industry bodies in New York and San Francisco.
The Governor’s delegation explored opportunities for collaboration and secured commitments highlighting Dubai’s role as a regional business hub and the DIFC’s English common law platform and talent ecosystem. The roadshow showcased how DIFC enables the future of finance and helps potential clients navigate the path of MEASA markets, funding and talent.
DIFC, Standard Chartered Bank and the US-UAE Business Council hosted an exclusive discussion on Dubai’s role as a global business center and the effectiveness of the DIFC’s platform in attracting the best companies and the best talents. The event was attended by the Consul General of the United Arab Emirates in New York, Amna Binzaal Almheiri. His Excellency highlighted the $23 billion US-UAE bilateral trade relationship, the role of the UAE and Dubai as hubs of commerce as well as DIFC’s world-class infrastructure. The event highlighted market access, innovation and talent as key reasons for DIFC’s success as a global platform.
Her Excellency Essa Kazim, Governor of DIFC, said: “Unprecedented demand from US companies looking to move their top talent to Dubai is driving market depth in the region. Dubai’s reputation as a global talent and innovation hub makes the emirate the premier destination for US organizations seeking this regional growth. American companies have chosen DIFC as their place of choice since our inception in 2004 and now represent 9% of our financial services customers.
Our first official trip to the US since the pandemic has drawn particular interest from wealth and asset management firms and FinTechs, which are relocating talent to Dubai and DIFC. We will continue to deepen these strategic partnerships to help our US customers achieve their growth aspirations and contribute to the growth of our economy.
DIFC Banks hold approximately USD 200 billion in Center assets, while DIFC Asset Managers currently oversee over USD 450 billion in assets under management. The DIFC is home to 17 of the top 20 global banks, 5 of the top 10 asset managers and is home to the world’s largest consulting, law and accounting firms including companies such as Millennium Management, KKR, Franklin Templeton, Bank of America Merrill Lynch, Goldman Sachs, JP Morgan, Latham & Watkins, and White & Case.
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About Dubai International Financial Center
The Dubai International Financial Center (DIFC) is one of the most advanced financial centers in the world and the leading financial center for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with a population of around 3 billion and an estimated GDP. of $7.7 trillion.
With 18 years’ experience in facilitating trade and investment flows in the MEASA region, the Center connects these fast-growing markets to economies in Asia, Europe and the Americas through Dubai.
The DIFC is home to an internationally recognized independent regulator and proven judicial system with an English common law framework, as well as the largest financial ecosystem in the region with nearly 30,000 professionals working in over 3,600 active registered companies – constituting the largest and most diversified pool. of industry talent in the region.
The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation and partnerships. Today, it is the future global finance and innovation hub offering one of the most comprehensive FinTech and venture capital environments in the region, including cost-effective licensing solutions, responsive regulation, innovative acceleration programs and start-up funding for the growth phase. -UPS.
Comprising a variety of world-renowned retail and dining venues, a vibrant arts and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of the top business and style destinations Dubai’s most sought-after lifestyles.
For more information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC.
For media inquiries, please contact:
Omar Nastro
ASDA’A BCW
[email protected]
www.asdaa-bcw.com
www.arabyyouthsurvey.com
Mahmoud Nsouli
Dubai International Financial Center Authority
Senior Vice President – Marketing and Corporate Communications
[email protected]
