Hamdan bin Mohammed:"Dubai International Financial Centre" It consolidates the emirate’s position as a leading financial center and a major hub for the industry of the future

DUBAI, 8 JUNE / WAM / His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, Chairman of the Executive Council of the Emirate of Dubai, Chairman of the Supreme Committee for the Future of Technology and the Digital Economy, visited the Dubai International Financial Centre, the leading global financial center in the Middle East, Africa and South Asia region.

During the visit, His Highness was briefed on the centre’s strategic priorities and its ambitious aspirations in the field of innovation.

His Highness was received by His Excellency Issa Kazim, Governor of the Dubai International Financial Centre, in addition to a number of the centre’s senior officials.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said: “The Dubai International Financial Center represents an advanced global model in building economic and financial systems based on innovation, knowledge and integration with the global economy, and consolidates Dubai’s position as a leading financial center and a major hub for creating the future. As we continue to implement the goals of the Dubai Economic Agenda D33, we are keen to enhance Dubai’s global competitiveness by developing a flexible economic environment that stimulates innovation and is capable of attracting the best talents, companies and investments.” Quality from all over the world.

His Highness added: “The continued growth achieved by the Dubai International Financial Center reflects the growing international confidence in Dubai’s economy, and its ability to build a world-class business system that supports innovation and sustainable growth, and contributes to consolidating the emirate’s position among the top three economic cities in the world. We will continue to invest in future sectors and advanced technology and strengthen the digital and knowledge economy to keep pace with global transformations and enhance Dubai’s leadership in the long term.”

His Highness began the visit by reviewing a comprehensive presentation of the financial center’s customer-centric strategy and its directions aimed at becoming the first financial center in the world to rely entirely on artificial intelligence.

His Highness followed the continued growth of the Innovation Hub, one of the most prominent financial technology and innovation business accelerators in the region, including the Dubai Artificial Intelligence Campus, which His Highness opened two years ago.

The visit included a review of the most prominent ongoing developments in the expansion plans implemented by the center in response to the exceptional demand, and the support provided by the Dubai Financial Services Authority and the DIFC Courts in this regard.

In confirmation of His Highness’s commitment to supporting the DIFC’s ambitions to enhance the emirate’s position among the four largest global financial centers, within the framework of the Dubai Economic Agenda (D33), His Highness signed the DIFC’s commemorative book entitled “The Future of the Financial Sector: Led by the DIFC.”

This visit confirms the importance of the role of the Dubai International Financial Center as a major supporter of the financial services system in Dubai, and a strategic contributor to achieving the emirate’s ambitions for economic diversification, through its contributions to developing the financial services sector and advancing innovation and emerging technologies, as well as its continuous support for the growth of international companies, and its vital role in shaping the future of the financial sector from Dubai.

His Excellency Issa Kazim, Governor of the Dubai International Financial Centre, said: “Dubai continues its endeavors to diversify its economy in line with the objectives of its economic agenda (D33), supported by the Dubai International Financial Center, which plays a leading role in stimulating sustainable growth in the fields of financial services, technology and innovation, which consolidates the emirate’s position as a leading global destination for business and investment.”

His Excellency added: “Dubai’s recent rise to seventh place in the world in the Global Financial Centers Index represents a milestone in its journey to become one of the most influential financial centers in the world. This achievement reflects the strength and depth of global confidence enjoyed by the Dubai financial system, supported by the vital role played by the Dubai International Financial Center as the emirate’s leading financial center. The center continues to work to strengthen this momentum and improve its system.”

For his part, His Excellency Arif Amiri, CEO of the Dubai International Financial Center Authority and member of the Supreme Committee for the Future of Technology and the Digital Economy in Dubai, said: “The Dubai International Financial Center continues its pivotal role in enhancing Dubai World’s competitiveness as a leading destination for financial services, innovation and sustainable growth. The center is a reflection of Dubai’s ambitions and the extent of its international appeal, and this is evident in its embrace of the largest system of licensed financial companies in the region, and a wide community of technology and innovation companies. The center works to create an environment that enables global institutions and emerging companies. From growth, communication, and achieving leadership from Dubai, by launching pioneering initiatives that shape the future of the financial sector and adopting promising ambitions in the field of artificial intelligence.”

The Dubai International Financial Center is considered the most prominent and most advanced financial center in the world, as it contributes to shaping the global financial landscape and enhancing Dubai’s reputation and position as a leading destination for finance and business throughout the Middle East, Africa and South Asia region.

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