Page 230 - AAE PR REPORT - June 2024

5/29/24, 3:54 PM PRESSR: DIFC publishes Regional Outlook for Banking and Capital Markets — TradingView News
MENA deals alone exceeding USD 1.2bn and proceeds from MENA

equity and equity-related deals exceeding USD 13bn in 2023.

The report also highlights how the region’s capital markets are

becoming more mature, driven in Dubai by DIFC’s robust regulatory

framework and commitment to innovation. DIFC is also home to

more than 230 investment banks, all of which are stimulating capital

markets.

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

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