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DIFC collaborates with US institutions to cement Dubai’s global financial hub status

A senior delegation led by Essa Kazim, Governor of DIFC, met with industry bodies in New York and San Francisco.

[Source photo: Anvita Gupta/Fast Company Middle East]

Dubai International Financial Center (DIFC) has generated a new wave of interest from US financial services companies keen to access regional opportunities by having a presence in the center.

Recently, a DIFC senior delegation, led by Essa Kazim, Governor of DIFC, met with prospective and existing clients and industry bodies in New York and San Francisco.

The governor’s delegation discussed collaboration opportunities and secured commitments by highlighting Dubai’s role as a regional business hub and the DIFC’s talent ecosystem. The roadshow showcased how DIFC enables the future of finance and helps prospective clients navigate a route to the Middle East, Africa, and South Asia markets, funding, and talent.

As per reports, DIFC, Standard Chartered Bank, and the US-UAE Business Council hosted an exclusive discussion on Dubai’s role as a global business hub and the efficacy of DIFC’s platform in attracting top firms and talent. In the event attended by the UAE Consul-General in New York, Amna Binzaal Almheiri, Kazim highlighted the $23 billion US-UAE bilateral trade relationship, Dubai’s role as the commerce center, and the DIFC’s world-class infrastructure. The event spotlighted market access, innovation, and talent as key reasons for DIFC’s success as a global platform.

“The unparalleled demand from US firms seeking to move their finest talent to Dubai reinforces the depth of the region’s markets. Dubai’s reputation as a global hub for talent and innovation makes the emirate the top destination for US organizations seeking this regional growth. US firms have been choosing DIFC as their preferred location since its establishment in 2004 and now account for 9 percent of its financial services clients,” said Kazim.

“Our first official trip to the US since the pandemic has generated particular interest from wealth and asset management and FinTech firms, which are relocating talent to Dubai and DIFC. We will continue to deepen these strategic partnerships to help our US clients realize their growth aspirations and to contribute to the growth of our economy,” he added.

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