Dubai International Financial Center Authority: 7% of the entities operating in the financial services sector are American
New York, November 15 / WAM / His Excellency Arif Amiri, CEO of the Dubai International Financial Center Authority, confirmed that American companies have chosen the center as a preferred location since its founding in 2004, as they now constitute about 7% of the entities operating in the financial services sector in it.
He said in a statement to the Emirates News Agency, WAM, yesterday, after the conclusion of the visit of the Dubai Chambers delegation to the United States of America, in the presence of a number of representatives of government and private agencies, which witnessed the holding of the Dubai-US Business Forum, in addition to a group of visits and meetings, that Dubai and the Dubai International Financial Center provide a gateway for American companies and investments to reach the Middle East, Africa and South Asia region, which includes 77 countries with a population of about 3.8 billion people, and whose gross domestic product is estimated at about 11.2 trillion dollars. American.
He added that the center, as the largest financial centers in the region, provides an unparalleled platform to connect international companies with promising growth markets, and Dubai’s position as a global center for talent and innovation makes it the first destination for American companies seeking to achieve regional growth.
He pointed out that Dubai has established its position as a unique global center for alternative investments. It provides American hedge funds with a combination of regulatory transparency and the safe legal environment that characterizes advanced financial centers, in addition to direct access to emerging markets with high growth rates.
He pointed out that nearly two-thirds of the hedge funds located in the DIFC came from the United States and the United Kingdom, including some of the largest hedge funds in the world. Prestigious international companies such as Cambridge Associates, Pimco, Lighthouse Partners, Blue Owl Capital, and Wall Eye Capital have established their operations in the center, along with major American banks such as Citibank, J.P. Morgan Private Bank, and Morgan Stanley, which provide investment banking and wealth management services.
He added that the Dubai International Financial Center, thanks to its advanced infrastructure, strong legal and regulatory framework, and dynamic system, places Dubai at the forefront of opportunities in the field of alternative investments, by providing a reliable platform that connects global capital with emerging market opportunities.
The center includes more than 470 wealth and asset management companies, including 85 hedge funds, of which 69 funds manage assets worth more than one billion US dollars. This system constitutes the largest gathering of alternative investment and asset management companies in the region.
In response to a question about the current cooperation with American institutions, the CEO of the Dubai International Financial Center Authority explained that the Center recently announced a partnership with the Institute of International Finance (IIF) to organize the inaugural session of the Dubai Future Financial Sector Week in May 2026, as this cooperation combines the Center’s vision to advance the future of the financial sector and the global expertise of the Institute of International Finance.
He pointed out that the Center cooperated with the Institute to host a working session with the participation of 50 American and international companies, with the aim of exploring the future of non-bank financial intermediation and private credit, and that the sessions received positive evaluations due to the importance of private credit and non-bank financial intermediation as an emerging asset class, especially in the Middle East, Africa and South Asia region.
His Excellency Arif Amiri pointed out that the assets under management in the Dubai International Financial Center rose to 700 billion US dollars in 2024, an increase of 58% compared to 2023, with more than 10,000 funds managed and marketed through the center.
He pointed out that American institutions can benefit from this growing system, with the increasing number of high-net-worth individuals and family offices, by acquiring more clients and managing their assets.
Dubai is home to the highest concentration of private wealth among Middle Eastern cities, according to a recent report by Henley & Partners.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Related
