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DUBAI / Reuters
Dubai International Financial Centre (DIFC) said the number of new companies launching operations in the financial free zone rose in 2017.
The DIFC aims to more than double the number of financial firms within the free zone to 1,000 at a time when several centres in the Middle East are vying for expansion.
DIFC, the largest such hub in the Middle East, Africa and South Asia, attracted 315 new companies in 2017, compared with 305 in 2016 and 309 in 2015, it said at a briefing about DIFC’s 2017 operating review.
Much of the growth came from the so-called south-south corridor, an area encompassing Africa, South America, the Middle East and Asia that DIFC is expecting to produce rising business demand.