Post by : Mumtaaz
Qadiri
Dubai has been recognised as one of the top four cities worldwide for FinTech in the latest Global Financial Centres Index (GFCI). This achievement highlights the emirate’s growing role in global financial technology and innovation, cementing its position as a leading financial hub in the Middle East, Africa, and South Asia.
DIFC Driving Financial Innovation
The Dubai International Financial Centre (DIFC) has been central to this success. Hosting over 1,500 AI, FinTech, and innovation companies within its Innovation Hub, DIFC has become the largest cluster of its kind in the region. These companies have raised more than USD 4.2 billion collectively, reflecting the Centre’s active role in supporting growth-stage technology firms and entrepreneurs.
Leadership Vision Behind Success
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, said the ranking reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to position Dubai as a leading global city. He emphasised that initiatives under the Dubai Economic Agenda D33 have driven the city’s progress, making it one of the world’s top four financial hubs.
Global Financial Ranking and Trust
Dubai has also advanced to 11th position in the overall GFCI rankings, demonstrating the international financial community’s trust in the city. The report recognises Dubai as the only financial centre in the region with broad and deep capabilities and identifies it as the number one city globally among financial centres expected to grow in significance.
DIFC Leadership Comments
His Excellency Essa Kazim, Governor of DIFC, said the ranking reaffirms Dubai’s position as a global force in FinTech and wider financial services. He highlighted the importance of DIFC in enabling innovation, creating growth opportunities, and shaping the future of the global economy.
CEO Highlights Innovation and Talent
His Excellency Arif Amiri, CEO of DIFC Authority, noted that Dubai’s FinTech success is due to DIFC’s focus on innovation, technology, and talent development. He emphasised that the city’s recognition among the top four FinTech hubs demonstrates global confidence in Dubai as a catalyst for growth.
Impact on Strategic Economic Goals
This latest ranking supports Dubai’s strategic objectives under the Dubai Economic Agenda D33, which aims to elevate the city among the world’s top financial centres. The recognition underscores Dubai’s commitment to fostering innovation, attracting global investment, and maintaining a competitive and forward-looking financial ecosystem.
Future Outlook for FinTech in Dubai
With this achievement, Dubai is expected to continue its leadership in FinTech, expanding its influence across financial services and emerging technologies. The city’s strong ecosystem, regulatory support, and strategic initiatives position it to attract new companies, investors, and talent, ensuring continued growth and global recognition.
Dubai as a FinTech Leader
Dubai’s top-four ranking in FinTech and its broader GFCI progress reflect the city’s dynamic growth, strong governance, and innovative ecosystem. Through DIFC and ongoing strategic initiatives, Dubai continues to shape the future of finance, offering a model for other emerging financial hubs worldwide.
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