DIFC registers over 200 asset management companies so far this year
Dubai International Financial Centre continues to achieve growth with the number of registered companies and specialist global advisers increasing to more than 200 so far this year.
The figure includes 13 of the world’s top 25 financial companies, with Fidelity International recently joining to manage its asset management business in the Middle East and South Africa from Dubai.
“We expect to see this growth continue as we introduce new regulations to our attractive legislative and business environment in line with our ambitious 2024 Strategy,” said Arif Amiri, chief executive of the DIFC Authority.
In the first half of 2018, more than 150 companies were licensed in DIFC, boosting the total number of companies to 2,003, including major financial institutions State Street Global Advisors and Berkshire Hathaway Specialty Insurance.
DIFC is also working toward developing a regional venture capital ecosystem in the region. This includes an agreement that DIFC signed with Middle East Venture Partners, as well as its partnership with Startupbootcamp to launch new programmes to promote entrepreneurship.