Page 249 - MOE ENGLISH PR - APRIL 2024

5/1/24, 2:41 PM Unleashing Growth: DIFC Emerges as Premier Global Hub for Family Businesses - Business - Economy and Finance - Emirates24|7
Unleashing Growth: DIFC Emerges as Premier

Global Hub for Family Businesses

Published Monday, April 29, 2024 By E247

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA)
region, is a trusted, global hub for many of the world’s wealthiest families and individuals. Home to more than 120 of the world’s
wealthiest families and individuals, with a total net worth exceeding USD 1trn, DIFC has helped position Dubai as the number one
city in MEASA, and among the top 22 cities globally in terms of wealthiest populations.

According to data published by the World’s Wealthiest Cities Report 2023, Dubai’s population includes over 68,500 HNWIs, or
individuals with at least USD 1mn in liquid assets, 206 centi-millionaires, or those with a net worth of at least USD 100mn, and 15
billionaires.

DIFC’s status as the deepest financial centre between London and Singapore, with a workforce of over 41,500 and more than 5,500
active registered companies is underpinned by 20 years of consistent growth and a record-breaking year in 2023, which has further
encouraged wealth flows to the Centre and Dubai.

Industry leaders convene to celebrate Family Wealth Centre Anniversary

https://www.emirates247.com/business/economy-finance/unleashing-growth-difc-emerges-as-premier-global-hub-for-family-businesses-2024-04-29-1.… 1/3