{"id":100860,"date":"2025-02-19T00:00:00","date_gmt":"2025-02-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/difc-revenue-surges-37-in-2024-as-tech-firms-hedge-funds-fuel-record-growth\/"},"modified":"2025-02-19T00:00:00","modified_gmt":"2025-02-19T00:00:00","slug":"difc-revenue-surges-37-in-2024-as-tech-firms-hedge-funds-fuel-record-growth","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/19\/difc-revenue-surges-37-in-2024-as-tech-firms-hedge-funds-fuel-record-growth\/","title":{"rendered":"DIFC revenue surges 37% in 2024 as tech firms, hedge funds fuel record growth"},"content":{"rendered":"

DIFC <\/strong>revenue jumps a record 37% in 2024: <\/strong>Dubai International Financial Center (DIFC) reported a 55% y-o-y increase in operating income to AED 1.3 bn and a 37% y-o-y surge in combined revenues to AED 1.8 bn in 2024, marking its strongest growth since its inception, the freezone said in a press release<\/a>. <\/p>\n

DIFC saw a record 1.8k new company registrations<\/strong>, bringing total active companies to 6.9k, a 25% y-o-y increase. The number of technology and innovation firms grew 38% y-o-y to 1.2k, while job creation expanded DIFC\u2019s workforce 10% to 46k employees. <\/p>\n

Behind the performance: <\/strong>Dubai\u2019s post-covid rebound, business-friendly policies, and neutral political stance have helped cement DIFC\u2019s position as the region\u2019s top financial hub, attracting businesses and wealthy individuals despite rising competition from Abu Dhabi, Riyadh, and Doha. Private wealth and hedge funds remain key drivers, with DIFC now home to 75 hedge funds, including 48 managing over USD 1bn.<\/p>\n

What\u2019s next? <\/strong>\u201cWe will continue collaborating with our clients and industry, develop infrastructure, evolve laws and regulations, and nurture innovation,\u201d DIFC Authority CEO Arif Amiri said. To meet growing demand, DIFC plans to add 1.6 mn sq ft of new commercial space, with its properties already at 99.8% occupancy.<\/p>\n","protected":false},"excerpt":{"rendered":"

DIFC plans 1.6 mn sq ft expansion after 99.8% occupancy<\/p>\n","protected":false},"author":1,"featured_media":100861,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[794,237,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-dubai-international-financial-center","tag-earnings-watch","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"d3cdb123-1bdb-4bce-ad84-fc473010932b","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/879.jpg","photo_position":"above","homepage_title":"","full_issue_title":"DIFC revenue surges 37% in 2024 as tech firms, hedge funds fuel record growth","related_issue":[100846],"teaser":"DIFC plans 1.6 mn sq ft expansion after 99.8% occupancy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.66426a31-9289-4d11-ab7b-10df1d63d903.mp3"},"yoast_head":"\nDIFC revenue surges 37% in 2024 as tech firms, hedge funds fuel record growth - 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