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DUBAI, July 28, 2019 (WAM) – Dubai International Financial Center, DIFC, has strengthened its contribution to the UAE's economy and its commitment to driving the future of finance, after a strong performance in the first half of the year. 2019.
The Center experienced sustained growth in the first half of 2019, hosting more than 250 new businesses and bringing the total number of businesses registered to 2,289, representing a 14% increase over the year former. This has resulted in the creation of more than 660 jobs, bringing the Center's total staff to more than 24,000, and has resulted in the occupation of 99% of DIFC-owned buildings.
DIFC now has more than 671 financial sector related companies, an increase of 11% over the same period last year.
The financial services companies that joined the group in 2019 include Maybank Islamic Berhad of Malaysia, Cantor Fitzgerald of the United States of America, Atlas Wealth Management of Australia and the Mauritius Commercial Bank. In addition, leading non-financial companies such as Guidepoint MEA, Medtronic Finance Hungary Kft. and Network International, also joined the Center in the first half of 2019.
Commenting on the results, SA Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy sovereign of Dubai and chairman of the DIFC, said: "Dubai continues to make its name on the world stage as a destination for trade and innovation , and the DIFC pilot of that. "
The strong performance of the Center during the first half of 2019 highlights the confidence of international financial institutions in Dubai, "continued His Highness, adding" Aligning on the charter of 50 years announced by His Highness, Sheikh Mohammed bin Rashid Al Maktoum , vice president, prime minister and ruler of Dubai, DIFC's expansion project will strengthen Dubai's role as a hub for businesses around the world to enable them to access regional opportunities. "
DIFC Governor Essa Kazim said, "DIFC has been a pioneer in the financial services sector since its inception in 2004 as the first purpose built financial center in the MEASA region." Fifteen years later, we continue to demonstrate our forward-thinking approach, with the enhancement of our legal and regulatory framework, as well as the development of a comprehensive ecosystem.The Center remains one of the key drivers of the transformation of the financial sector, promotion of the Emirates economy and the development of the next generation of finance professionals. "
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