Dubai, Capital of Innovation
Dubai, home of this year’s Data Amplified conference, is a fitting place to explore the future of regulation, technology and business.
One of the world’s fastest growing economies, unafraid of innovation and with knowledge and technology at the top of its government agenda, Dubai is well positioned through its attitude and location to tap into a broader region rife with opportunity. There is a host of activity across the region, including within financial supervision.
The Dubai International Financial Centre (DIFIC) has become an important jumping off point for fast-growing Middle East, Africa and South Asia (MEASA) markets, with predominantly younger, tech-savvy populations.
DIFIC offers robust regulation, a UK common-law framework, low taxes and an international community of more than 22,000 professionals working across more than 2,000 firms.
Fintech companies are actively encouraged to settle through DIFIC’s Fintech Hive – an accelerator designed to connect cutting-edge global technology firms with established, international and regional financial institutions.
An emirate that has shown a willingness to innovate and energy for the new and novel, Dubai has seen significant and rapid growth. This looks likely to continue, with the ambitious DIFIC 2024 strategy aiming for three-fold growth with the goal of becoming a global hub for the South-South (Asia-Africa) economic corridor. The plan includes tripling the number of active domiciled financial firms to 1,000, substantially developing infrastructure, and more than doubling the workforce.
Dubai is a dynamic global city – with approximately 85% of the estimated 2,504,000 strong population composed of expatriates – making it a bridge not just to the Middle East but also across the world. Don’t take our word for it – register for Data Amplified today to experience it for yourself.
