Dubai has been recognized as one of the top four global cities for FinTech according to the latest Global Financial Centres Index (GFCI). This accolade underscores Dubai International Financial Centre’s (DIFC) role in solidifying the emirate’s position as a premier financial hub in the Middle East, Africa, and South Asia.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, stated, “Dubai’s emergence as a leading FinTech hub is a testament to the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. His ambition is not just to place Dubai among the world’s leading cities but also to influence the future of various sectors.”
“Our advancement in the GFCI rankings is driven by the Dubai Economic Agenda D33’s goal to position the city among the world’s top four financial hubs. This accomplishment reflects the global financial community’s trust in Dubai’s capacity to offer an ideal environment and infrastructure for growth, propelled by DIFC’s innovative initiatives. With our future-focused goals, we continue to bolster Dubai’s status as a hub of innovation and opportunity, furthering progress for our nation, region, and the world,” he added.
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In conjunction with today’s announcement, DIFC reported that the number of AI, FinTech, and innovation companies within the Centre and its Innovation Hub has surpassed 1,500, making it the region’s largest cluster. These sectors collectively raised over USD 4.2 billion in investments, highlighting DIFC’s role as the region’s most dynamic ecosystem for growth-stage tech firms and entrepreneurs.
Further accentuating its global influence, Dubai rose to 11th place in the overall GFCI rankings, reaffirming the global finance industry’s confidence in the city. This ranking also illustrates how DIFC initiatives are accelerating the Dubai Economic Agenda D33’s goal of becoming a top four financial centre.
Essa Kazim, Governor of DIFC, remarked, “Dubai’s vision, guided by Sheikh Mohammed bin Rashid Al Maktoum, has consistently aimed to shape the future of finance. Today’s recognition in the GFCI confirms the emirate’s global leadership in FinTech and the broader financial services sector. Through DIFC, we are fostering innovation, generating growth opportunities, and ensuring Dubai remains a key player in defining the future of the global economy.”
Arif Amiri, CEO of DIFC Authority, said, “Dubai has emerged as one of the four most influential FinTech hubs globally due to DIFC’s relentless focus on innovation, talent, and technology. We are proud to provide a platform at DIFC for ambitious entrepreneurs, established institutions, and visionary investors to collaborate and succeed. This achievement reflects the international financial community’s confidence in Dubai’s role as a growth catalyst, encouraging us to keep driving the future of finance from DIFC.”
The GFCI also recognizes Dubai as the region’s sole financial centre with comprehensive global leadership capabilities. Furthermore, it ranks Dubai as the top financial centre globally expected to gain significance.
