Sheikh Maktoum announces the launch of the Dubai FinTech Summit
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the DIFC, announced on Sunday the launch of the Dubai FinTech Summit, a global event that will bring together more than 5,000 experts, thought leaders, decision-makers and decision-makers in Dubai to discuss how they can shape a new wave of innovation, enterprise and growth for the international financial industry.
To be organized by the Dubai International Financial Center (DIFC), the summit will take place on 8 and 9 May in Madinat Jumeirah, Dubai. The event will see some of the world’s biggest personalities in the industry deliver keynote presentations, share their perspectives on industry challenges and identify opportunities to maximize the impact of fintech for people, businesses and economies.
Home to the region’s largest cluster of fintech and innovation companies, DIFC is one of the brightest growth spots in the global fintech market valued at more than $135.9 billion by 2021. The global market is expected to grow at a CAGR of 11.9 percent between 2022 and 2027 to reach a value of over $266.9 billion by 2027.
“With FinTech emerging as a positive disruptor to transform the financial landscape, the UAE is capitalizing on the opportunities provided by FinTech to reinvent the financial sector,” said Sheikh Maktoum.
“DIFC’s ability to create value for companies in the sector by providing them with a highly productive ecosystem to accelerate growth has led to leading innovators and entrepreneurs in the sector being drawn to the emirate. The Dubai FinTech Summit will help open new horizons of opportunity and transformation for both the global FinTech sector and the worldwide financial industry.”
Essa Kazim, Governor of the DIFC, added: “The Dubai FinTech Summit will bring together ideas, knowledge and perspectives that can help unlock a new phase of exponential growth for the global financial sector and fintech in the global economy. The DIFC will leverage the platform offered by the summit to bring together banks, fintechs and regulators from around the world to further stimulate the digital evolution of the financial sector.”
“We already have over 600 fintech and innovation firms in DIFC that are changing the face of the industry and contributing to the economic growth of our country. The 23 percent expansion that DIFC’s fintech community saw in the first half of this year is testament to the dynamic growth-friendly platform which we offer financial companies from around the world. We remain focused on bringing more exciting players in the sector to Dubai and helping them access opportunities here and across the region.”
