Page 239 - MOE ENGLISH PR - APRIL 2024

5/1/24, 2:40 PM DIFC emerges as premier global hub for family businesses
To mark the occasion and the tremendous progress made in just over 12 months, c; Essa
Kazim, Governor, DIFC; and Arif Amiri, Chief Executive Officer of DIFC Authority,

welcomed leading family businesses and advisors to mark the 1-year anniversary of the

DIFC Family Wealth Centre at its inaugural ‘A Legacy of Excellence’ exclusive luncheon.

"The UAE has long been the primary and preferred destination for business and

investment in the GCC and winder MENA region. Similarly, the UAE aims to become the

regional centre for family businesses,” said Al Marri in his keynote remarks addressing
DIFC’s growing community of family businesses and related entities.

"Dubai stands as a pivotal hub for family wealth, offering unparalleled opportunities and
resources for growth and preservation. In just one year, the DIFC Family Wealth Centre

has played a crucial role in nurturing this ecosystem. Recognising Dubai's significance as

a global centre for family wealth, the Centre's swift impact underscores its commitment to
fostering prosperity and security for generations to come,” Minister Al Marri added.

Essa Kazim, Governor, DIFC, said, “Dubai and DIFC have rapidly positioned themselves
as the premier destination for family businesses worldwide. The exponential growth and

expertise witnessed within the Centre, underscores its pivotal role in shaping the

landscape of family wealth.

Today we mark another significant milestone, in the DIFC Family Wealth Centre’s first

anniversary, as we also reflect on DIFC’s innovative 20-year journey that has led us here.

We remain dedicated to providing best-in-class resources to our esteemed members,
nurturing enduring legacies and empowering families for generations to come, as we

together shape the future of finance”.

Top choice for regional and international family businesses

During his welcome address, Arif Amiri, Chief Executive Officer of DIFC Authority, said,

“DIFC’s rise as a global hub for family wealth stems from its commitment to fostering a

growth ecosystem for the wider financial sector. With a strong pursuit of transparency,
regulation, and knowledge-building, DIFC has earned the trust of 230 banks, including 27

of the top 29 globally systemic banks, and more than 350 highly reputable wealth and
asset management firms. This momentum is further fuelled by an influx of family

businesses and related entities drawn to DIFC's lifestyle offerings and its world-class

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