Page 259 - MOE ENGLISH PR - APRIL 2024

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 $1
million in liquid assets, 206 centi-millionaires, or those with a net worth of at least
$100 million, 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

Last year, DIFC launched the first Family Wealth Centre of its kind in the world to
advance and grow its thriving ecosystem for global family wealth, and support
family businesses as they future proof their growth ambitions and succession
plans in Dubai and beyond.

To mark the occasion and the tremendous progress made in just over 12
months, Abdullah bin Touq Al Marri, Minister of Economy; 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.

https://www.msn.com/en-ae/news/other/difc-emerges-as-premier-global-hub-for-family-
businesses-home-to-120-of-worlds-wealthiest-families-individuals/ar-AA1nS8Mg