“DIFC in Dubai Emerges as a Significant Financial Hub for Global Wealth Management”

The Dubai International Financial Centre (DIFC) continues to strengthen its position as a leading financial hub in the Middle East, Africa, and South Asia (MEASA) region, with over 370 wealth and asset management firms now calling the centre home. This growth is a testament to the DIFC’s world-class infrastructure, robust regulatory frameworks, and access to established and emerging markets, making it an attractive destination for firms from across the globe.

Arif Amiri, CEO of DIFC Authority, highlighted the appeal of the centre, stating, “Large pools of wealth from sovereign funds, family offices, and ultra-high-net-worth individuals, combined with DIFC’s 20-year track record of success and stability, continue to attract top investment managers, both traditional and alternative.”

Among the new wealth asset management firms establishing in the Centre are Audere Capital Limited, Banca Del Sempione Ltd, Blue Owl Capital (Dubai) Limited, and others. Additionally, State Street Global Advisors (SSGA) has returned to Dubai to offer asset management services from a DIFC office, with plans to double its resources in the region.

Dubai boasts more than 72,000 individuals with over million of investable wealth, triple the number of any other city in the region. Middle Eastern state-owned investors manage a staggering .7 trillion of capital.

As the DIFC celebrates its 20th anniversary, the Centre is hosting a series of financial events, including the HFM Middle East Summit for hedge fund managers, bringing together over 200 global leaders, including over 120 hedge fund representatives. This summit is poised to be the largest gathering of its kind in the Middle East, further solidifying the DIFC’s status as a premier financial destination.