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Industry report
Finance guide
Mon, November 15, 2021
As the Middle East, Africa and South Asia (MEASA) region’s largest financial hub, discover how Dubai is ideally placed to serve as a global conduit for international trade and investment.
As the Middle East, Africa and South Asia (MEASA) region’s largest financial hub, discover how Dubai is ideally placed to serve as a global conduit for international trade and investment.
Why are businesses and investors from around the world choosing Dubai?
1st
In the MENA region
Dubai ranked first in MENA and 19th worldwide among 114 cities surveyed in the 2021 Global Financial Centres Index.
US$39.1 bn
EMEA fintech investments
The EMEA fintech market attracted US$39.1bn in investment in H1, 2021, including a record US$15.1bn in VC funding.
30%
Fintech proportion of VC funding
Fintech accounted for 30% of US$2.1bn-worth of seed-funding invested in the Middle East in 2020, the largest of any financial sector. Source: Arab News
US$2.5 bn
Fintech market value
The fintech market in the Middle East and North Africa (MENA) is expected to reach US$2.5 billion by 2022.
Overview
01
MEASA’s finance capital
Dubai-based financial institutions are spearheading innovation in Islamic banking across the MEASA region.
02
A leading centre of finance and investment
As the region’s leading financial hub, Dubai provides financial solutions services to more than one billion customers across the Middle East, Africa and South Asia (MEASA) region.
03
DIFC: The region’s largest finance precinct
Dubai International Financial Centre (DIFC) is the region’s largest dedicated financial precinct, home to 3,292 registered companies and a workforce of more than 27,000 professionals.
04
PPP initiatives driving sector growth
Dubai’s commitment to public-private partnerships has helped bolster its position as the region's fintech capital.
05
Non-oil economic growth driving finance demand
As a fast-growing global trade and investment hub, Dubai’s wholesale banking sector and capital markets are primed for further growth
