Dubai, June 6, 2022 (WAM)-The Dubai International Financial Center (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA), has renewed interest in Dubai from US financial services. A company enthusiastic about accessing local opportunities by being in the center that created the wave.
Interest was stimulated when DIFC’s senior delegation, led by DIFC Governor Essa Kazim, met with prospects and existing clients, as well as industry associations in New York and San Francisco.
The Governor’s delegation sought collaboration opportunities and secured commitments by emphasizing Dubai’s role as a regional business hub and DIFC’s UK common law platform and talent ecosystem. The roadshow showed how DIFC enables the future of finance and helps prospects move on the path to the MEASA market, funding and human resources.
DIFC, Standard Chartered Bank, and the US-UAE Business Council hosted an exclusive discussion on Dubai’s role as a global business hub and the effectiveness of the DIFC platform in attracting top companies and talent. The event was attended by Amna Binzar Almuheiri, Consul General of the United Arab Emirates in New York. Kazim emphasized the US $ 23 billion US-UAE bilateral trade relationship, its role as the commercial center of the UAE and Dubai, and DIFC’s world-class infrastructure. The event spotlighted market access, innovation and talent as the main reasons for DIFC’s success as a global platform.
“Unmatched demand from US companies seeking to transfer their best talent to Dubai is strengthening the depth of the region’s market,” said DIFC Governor. Dubai’s reputation as a global hub for talent and innovation. , Emirates is the number one destination for US organizations seeking the region. Growth. US companies have chosen DIFC as their preferred location since its inception in 2004 and currently account for 9% of financial service clients. Occupies.
“The first official trip to the United States since Pandemic was particularly interested in wealth and wealth management, and FinTech companies that are transferring talent to Dubai and DIFCs. To help US clients fulfill their growth aspirations. We will continue to deepen these strategic partnerships and contribute to the growth of our economy. “
While DIFC Bank holds approximately US $ 200 billion in assets from the Center, DIFC asset managers currently oversee AUM in excess of US $ 450 billion. DIFC has 17 of the top 20 global banks, 5 of the top 10 asset managers, and top advisories, global law and accounting firms, including companies such as Millennium Management, KKR, Franklin Templeton, and Bank of America Merrill Lynch. I have. , Goldman Sachs, JP Morgan, Latham & Watkins, White & Case.