Page 215 - AAE PR REPORT - June 2024

5/29/24, 3:53 PM DIFC publishes Regional Outlook for Banking and Capital Markets | mea-finance.com
Deepening of Dubai’s capital markets and market reforms, aligned with best

practice have helped create greater opportunities for investors in different themes

of the economy. As outlined in the report by John Wilkinson, Head of Emerging
Markets Equity Capital Markets and Managing Director, Goldman Sachs, DIFC is

driving this growth as an attractive jurisdiction for incorporation, through its

business-friendly approach towards the rule of law, and how the Centre has

grown as a venue for global investors.

A Magnet for Investors

The region is home to a vast range of potential investors. Notably, these include

family businesses, and wealthy individuals who are represented by the influx of

wealth of asset management firms.

According to recent data, the UAE attracted a record-breaking number of High-
Net-Worth Individuals (HNWIs) in 2022, which continued into 2023 and beyond.

Currently, there are an estimated 109,900 resident HNWIs, including 298 centi-

millionaires and 20 billionaires, prompting DIFC’s estimated 370 asset managers

to strengthen their presence in the emirate.

The full report is available here [https://shorturl.at/AYB2r].

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