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Dubai 17-09-2019
The DIFC, home to the region’s largest and most advanced financial technology system, has demonstrated the benefits, investment incentives and integrated services it offers to European companies.
This came during the visit of the Center’s delegation headed by HE Issa Kazim, Governor of DIFC to a number of European countries.
The delegation, which included Aref Amiri, CEO of the Financial Center Authority, sought to explore the prospects for strategic cooperation with major financial centers in Europe, including the United Kingdom, France, Germany and Switzerland, in line with the Centre’s efforts to ensure sustainable growth of the finance sector and support the future of the financial sector.
The visit, during which high-level strategic meetings were held, highlighted the status of the financial center and its ideal environment to embrace European companies that aspire to expand their presence and operations in the Middle East, Africa and South Asia and to seize the region’s tremendous growth opportunities along with the strength of its wealth and asset management sector. US $ 424 billion in 2018, equivalent to about 30 per cent of the GCC’s combined GDP.
The delegation gave a glimpse of the most important achievements of the financial center during the first half of 2019 with a focus on its commitment to promote the growth and development of the financial sector and investment in innovation and upgrading its strong system of financial technology companies as well as continuing efforts to establish fruitful partnerships with leading international accelerators programs.
The visit highlighted the Centre’s commitment to financial innovation through the organization of a number of events on financial technology, business development meetings, discussion sessions, networking events and panel discussions where the center reviewed its strategic plans and approach to growth.
The DIFC participated in a series of high-level meetings with investment partners in London and hosted, in cooperation with international law firm Simmons & Simmons, a session focused on ways to increase investment capital in the Middle East and analyze asset flows at the center to identify cross-border asset allocation models. Across the region.
The Financial Center announced the signing of strategic agreements and mutually beneficial partnerships with major financial technology platforms and centers, including the Accenture Vintage Innovation Center in London and Finance Innovation in Paris, which formed the official financial innovation complex in France in the 12 months. The past.
Dubai ranked seventh globally according to the FDI Intelligence Index of the Financial Times Group, reflecting the emirate’s efforts to support and accelerate sustainable economic growth.
During the visit, the DIFC hosted a breakfast in cooperation with the Main Finance Corporation of Frankfurt, the Association of Foreign Banks in Germany, and the international law firm Norton Rose Fulbright focused on the future of the financial sector and growth opportunities in the Middle East, Africa and South Asia. The Center also reached out to more than 70 senior industry representatives including banks, capital markets, insurance, wealth and asset management sectors. The session also reviewed the DIFC’s commitment to the European market and the provision of more rewarding opportunities German working in the Middle East, Africa and South Asia.
Senior DIFC officials also held meetings with key players and investors in Zurich in order to build productive relationships with leading international accelerators and financial technology companies. The financial center has registered a significant increase in the number of companies that make up its dynamic financial technology system from 80 to 200 in the first six months of 2019, while the number of licensed companies has doubled from 35 to more than 100 since the end of 2018.
The DIFC-based European financial technology companies include operations in the Middle East, Africa and South Asia (MENA), the Dublin-based software company Finerjo, insurance technology specialist Charles Taylor and the crowdfunding platform. Swedish “Vanded By Me”.
Arif Amiri, Chief Executive Officer of the DIFC Authority, said the visits have further strengthened DIFC’s relationship with key European financial centers, which share the same vision of building a promising future for the financial sector.
He pointed out that the strategic objective of the financial center is to draw new features for the future of the financial sector and to explore new ways to exchange best practices and upgrade the global financial sector system, pointing out that European companies are an essential component in the infrastructure of the center and international financial technology companies have succeeded in confirming their leadership and excellence. This has helped the financial center to continue its growth and development as a leading global hub in the financial technology sector.
Dubai has a leading global position for embracing a dynamic business environment that allows innovation to continue and the DIFC’s commitment to delivering superior business performance in the traditional banking and financial technology sectors.
