DIFC records 8.3% development of firms in first six months of 2015

Home  /  News  /  DIFC records 8.3% development of firms in first six months of 2015

Dubai International Financial Centre (DIFC) has recorded robust development in terms of number of companies, number of employees and total area leased within its jurisdiction in first half of 2015.

DIFC records 8.3% development of firms in first six months of 2015

DIFC records 8.3% development of firms in first six months of 2015

The number of active companies registered at the Centre escalated 8.3% whereas the number of people employed within DIFC climbed almost 5% to above 18,500.

With a growing portfolio of active registered firms and an ever expanding and vibrant workforce, they are maximizing the prospects for investment into and trade with the emerging markets of the MEASA region.

At the close of the first half of 2015 the Centre had a total of 1,327 active registered companies, compared with 1,225 companies at the end of 2014, and 1,113 in the first half of 2014, representing an upsurge of 8.3% and 19.2%, correspondingly.

A total of 140 new companies were licensed during the first six months of the year, including 36 financial services firms, 91 non-financial services companies and 13 retailers.

In the first half of the year, the total number of people employed by firms within the Centre increased 4.8% to 18,521, from 17,680 at the end of 2014, and 11.8% compared with 16,560 in the first sixth months of 2014.

In terms of numbers, all sectors of businesses operating in the DIFC recorded strong development. Out of the 1,327 active firms in the first six months of 2015, 382 are financial services companies, increased 9.1% from 350 in the first half of 2014; 750 are non-financial services companies, up 25% from 600, and 182 are retailers, up 14.5% from 159 in the first half of last year.

In addition to linked the enhanced markets of the West with the rising economies of the East, DIFC will understand more outfitted development by energizing trade and investment in the South-South corridor.

DIFC intends to increase the financial division’s stake of the UAE economy to 18% of GDP by 2024, compared with 12% in 2013.

Mohamed Dekkak

Follow me at twitter : https://twitter.com/AdgecoGroup