Dubai has secured a place among the world’s top four cities for FinTech, according to the latest Global Financial Centres Index (GFCI) released today, reinforcing its position as a leading international hub for financial innovation and services.
The recognition reflects the success of Dubai International Financial Centre (DIFC) in driving the emirate’s growth as the top financial centre in the Middle East, Africa and South Asia. The announcement coincides with DIFC reporting that the number of AI, FinTech and innovation firms in its ecosystem has surpassed 1,500, together raising more than US$4.2 billion in investment.
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said the ranking is a result of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to position Dubai at the forefront of global financial cities. He added that the achievement is closely aligned with the Dubai Economic Agenda D33, which aims to place the emirate among the world’s top four financial hubs.
Essa Kazim, Governor of DIFC, noted that the index recognition underscores Dubai’s role in shaping the future of finance and ensuring its continued relevance in the global economy. Arif Amiri, CEO of DIFC Authority, highlighted the centre’s focus on innovation, talent and technology as key drivers of growth.
Alongside its FinTech ranking, Dubai advanced to 11th position globally in the overall GFCI standings. The report also identified Dubai as the world’s number one financial centre expected to gain further significance, underlining the city’s growing influence on the international stage.
News Source: Emirates News Agency
