Adopt the proposed 2030 strategy

Maktoum bin Mohammed: The strong performance of DIFC enhances the emirate's position as a major hub for financial activities

Maktoum bin Mohammed while presiding over the meeting of the Supreme Board of Directors of the Dubai International Financial Center.

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His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Center, yesterday chaired the meeting of the Center's Supreme Board of Directors, approved the proposed strategy for 2030, confirming its leading position as a global center for financial services and companies, thanks to its legal and regulatory frameworks. advanced.

His Highness praised the efforts of the work teams at the center, to enable them to cross the challenges with flexibility and competence, to achieve outstanding results that demonstrated the ability of the center to continue expanding in its work, and to achieve high performance rates, stressing that the strong performance of the center, enhances Dubai's position as a major hub for financial activities. at the regional and global level.

Sustainability of growth

In detail, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Center, stressed that the economic system in Dubai is proceeding according to the sound vision established by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. , in maintaining the sustainability of the elements of economic growth and the outstanding performance of the various sectors of the emirate, which was demonstrated by the strong results achieved by the center during the last period, despite the challenges that the global economy is going through.

His Highness, while presiding over the meeting of the Supreme Board of Directors of the Dubai International Financial Center yesterday, praised the efforts of the work teams in the center, to enable them to cross challenges with flexibility and ability, to achieve distinguished results that demonstrated the ability of the center to continue expanding in its work, achieving high performance rates, and keenness To support partners to achieve more success, despite the difficult circumstances that befell the world.

His Highness said: "The strong performance of the center reinforces Dubai's position as a major hub for financial activities not only at the regional level, but also at the global level. It also reflects the firm approach pursued by the UAE based on economic diversification, maximizing the elements of creativity, innovation and business expansion, and a commitment to creating The ideal environment that supports growth for companies and businesses.

His Highness continued: "We will continue to work during the next stage, which requires us to double the work to enhance all the ingredients that ensure the preservation of the distinguished performance of the Dubai International Financial Center, and to exert more effort, to reach new successes that keep pace with the aspirations and ambitions of the leadership for the future of economic development in Dubai and the UAE." .

progress and achievements

During the meeting of the DIFC's Supreme Board of Directors, His Highness was briefed on the progress made during the first half of the year and the achievements made by the center's three independent bodies, including: the Dubai International Financial Center Authority;

the Dubai Financial Services Authority;

and the Dubai International Financial Center Judicial Courts.

His Highness also praised the continuous progress made by the center in achieving its strategy for the year 2024, and adopted the proposed strategy for the year 2030, confirming its leading position as a global center for financial services and companies, thanks to its advanced legal and regulatory frameworks, its pioneering infrastructure and innovative system, all of which contribute to attracting the best Companies and enabling them to contribute to shaping the future of financial services.

The meeting witnessed a review of the growth opportunities of the Dubai International Financial Center during the second half of this year.

Huge opportunities

In addition, the Governor of the Dubai International Financial Center, Issa Kazim, said that “Dubai International Finance” succeeded in continuing to consolidate its position as a leading center for financial services in the Middle East, Africa and South Asia region during the first half of 2021, paving the way for more growth opportunities. The enormous potential that unfolds in front of us, in conjunction with our continuous endeavor to lay the foundations of the innovation and financial technology system, and consolidate Dubai's position at the forefront of financial innovation.

Kazim stressed the continuous keenness to enhance economic diversification in the emirate, and constantly work alongside all partners to raise Dubai's position as a global financial hub, present and future.

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