Dubai International Financial Centre (DIFC) Authority Chief Executive Officer Arif Amiri reported at the Dubai FinTech Summit that the centre now hosts more than 2,000 artificial intelligence (AI), financial technology (FinTech) and innovation firms. DIFC also launched the Digital Economy 2.0 report with research partner Asia House, projecting a global FinTech market worth USD 1.5 trillion by 2030. The company milestone comes less than 10 years after DIFC launched its vision for the future of finance, anchored by the establishment of the FinTech Hive accelerator. The report identifies capital, talent and progressive regulation as critical to the next phase of digital economic growth. It highlights Dubai’s digital environment as a platform for developing and scaling new financial technologies. Global technology spending is forecast to reach USD 5.6 trillion in 2026, while AI is expected to contribute USD 22.3 trillion to the global economy by 2030.
Dubai International Financial Centre reports more than 2,000 AI, FinTech and innovation firms and launches digital economy report
At the Dubai FinTech Summit, Dubai International Financial Centre Authority Chief Executive Officer Arif Amiri reported that the centre hosts more than 2,000 artificial intelligence, financial technology and innovation companies. The centre and Asia House also released the Digital Economy 2.0 report, which forecasts a USD 1.5 trillion global financial technology market by 2030 and identifies capital, talent and progressive regulation as critical to further digital economic growth.