DIFC records strongest-ever financial performance in 2024

Tuesday, 18 February 2025 10:26

By ARN News Staff

Dubai International Financial Centre (DIFC) recorded its strongest-ever annual performance in 2024 thanks to combined revenues of AED 1.78 billion from almost 7,000 registered companies.

In 2024 DIFC saw 1,823 new registrations, the highest number ever recorded in a year, representing a 25 per cent increase.

Over 46,000 people now work in DIFC, helping firms to record a staggering AED 1.33 billion operating profit, a 55 per cent increase on 2023.

Technology companies increased by 38 per cent year-on-year up to 1,245.

Posting on X, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum is the Deputy Ruler of the Emirate of Dubai, the Deputy Prime Minister and Minister of Finance of the UAE, and the First Deputy Chairman of the Executive Council of the Emirate said: "The exceptional growth of Dubai International Financial Centre (DIFC) over the past 20 years embodies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum in solidifying Dubai’s position as a leading global financial hub.

"In 2024, DIFC recorded its strongest-ever annual performance, with a 37 per cent increase in revenue, reaching AED 1.78 billion. The number of active companies rose to 6,920, marking a 25 per cent increase, while a record-breaking 1,823 new companies registered within the Centre. The workforce expanded to 46,078 professionals, and the technology and innovation sector experienced unprecedented growth of 38 per cent.

"Today, we are witnessing the results of the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum. We remain committed to further enhancing an integrated global financial ecosystem that fosters innovation and reinforces Dubai’s standing as a future-focused international financial centre."

The exceptional growth of Dubai International Financial Centre (DIFC) over the past 20 years embodies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum in solidifying Dubai’s position as a leading global financial hub. In 2024, DIFC recorded its strongest-ever… pic.twitter.com/lG8DaNIMGf
— Maktoum Bin Mohammed (@MaktoumMohammed) February 18, 2025

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