Dubai has ranked seventh in the world’s top FinTech Locations of the Future 2019/20 for Economic Potential Index, by fDi Markets. Dubai is the only financial centre in the Middle East, Africa and South Asia (MEASA) region to feature in the top 10.
Published by investment monitor fDi, the report recognises the enormous potential of FinTech to ignite economies and deliver sustainable financial sector growth. The report takes into account the regulatory and legal framework, ease of doing business, representation of leading world banks and talent pool as key factors influencing the top ten ranking.
“We welcome the continued recognition of Dubai as an international hub for FinTech and innovation. This ranking further enhances Dubai’s global standing and asserts the DIFC’s reputation and capabilities as one of the world’s most advanced financial centres, reinforcing our position as one of the world’s leading FinTech ecosystems,” said Arif Amiri, Chief Executive Officer, Dubai International Financial Centre (DIFC) Authority.