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Dubai, May 15 / The Dubai International Financial Center, the international financial center, continues to attract many prestigious international companies, as companies such as “Apple”, “Aramco”, “Baker McKenzie”, “JLL” and “Stryker” along with Several other companies have established a regional presence out of the Dubai International Financial Centre.
These additions reinforce the record annual results for 2022, which saw a 19% increase in the growth of registered non-financial companies, bringing the total number of multinationals, family businesses, and service providers to more than 3,000.
The diversity of non-financial companies established in the Dubai International Financial Center in the first quarter of 2023 is a clear indication of the center’s leading position. The Dubai International Financial Center is one of only ten financial centers around the world that have been classified as deep and extensive global centers, according to the recently released Global Financial Centers Index.
The newly established companies include Air Liquide MENA, El Badis Corporate Services DIFC, Apple, Aramco Trading-Dubai, Baker McKenzie, Complyport Consulting and Investcom Holding Group. Limited M1 Group, JLL and Stryker.
The strong influx of major companies confirms Dubai’s attractiveness as a global business hub, and also contributes to the establishment of the Dubai International Financial Center as a world-class environment that continues to attract companies from all over the world. The establishment of the non-financial companies sector in the Dubai International Financial Center also supports the promotion of the growth rates of the financial services sector in general, which contributes significantly to achieving more contribution to Dubai’s economy.
Non-financial companies joining the Dubai International Financial Center benefit from the center’s track record, which extends over nearly 20 years, and which is based on an effective judicial system based on the principles of English common law, in addition to a vibrant business community, with a workforce of more than 36,000 employees and experts working It has more than 4,300 active and registered companies, which makes it the largest and most diverse community of distinguished human competencies from all over the world.
Salman Jafari, CEO of Business Development at the Dubai International Financial Center Authority, said that the center currently includes more than 3,000 leading international companies in the field of non-financial services, which confirms the level of quality and diversity within the sector, which is represented by these well-established international names that started their activities within the center in The first quarter of this year, on the prestigious position that the center occupies as the best financial centers in the world, as the Dubai International Financial Center is one of only ten financial centers around the world that have been classified as deep and wide global centers, according to the recently released Global Financial Centers Index. .
Jafari added that many financial companies operating in the center benefit from the services provided by these companies, as they all contribute to enhancing the pace of future economic growth, in accordance with the 2030 strategy of the center. Based on its integrated legal system, the Center continues to attract more large companies to enable them to conduct their business and link them to the rapidly growing markets across the Middle East, Africa, South Asia and the rest of the world.
The growth in the rates of service providers contributed to the center achieving the highest annual employment growth ever, amounting to 6,381 new jobs in 2022. The total number of active registered companies in the center increased to 4,377 companies in 2022, an increase of 20% compared to 3,644 companies in 2021. The center also ranked first as the free zone that most attracts foreign direct investment projects for the fifth year in a row.
