Maktoum bin Mohammed chairs the meeting of the Supreme Board of Directors of the Dubai International Financial Center
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and President of the Dubai International Financial Center, chaired the meeting of the Supreme Board of Directors of the Dubai International Financial Center.
During the meeting, His Highness expressed his satisfaction with the strong performance of the center during the year 2022, despite the rapid economic fluctuations and changes the world is witnessing, stressing that the Dubai International Financial Center will continue to work in light of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of the UAE. Dubai, which aims to confirm the position of the UAE and Dubai as a leading global hub for business and financial services.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum noted the vital role played by the Dubai International Financial Center since its establishment in 2004 in advancing the financial services sector, providing a supportive economic environment for business, and promoting national and local economic prosperity, as well as its contribution to supporting the diversification of the economy and participating in a positive role. In achieving the sustainability of its growth, by adopting an innovative approach aimed at consolidating the competitive capabilities of Dubai as a leading global financial center.
The Supreme Board of Directors reviewed the main achievements made by the three independent bodies of the center, namely: the Dubai International Financial Center Authority, the Dubai Financial Services Authority, and the Dubai International Financial Center Courts - during the year 2022, as the Board praised the pivotal role played by the senior management and its teams in consolidating the position of The financial center as the best financial free zone due to its superior performance and efficiency in attracting foreign direct investment projects over the past five consecutive years.
His Highness the President of the Dubai International Financial Center also praised the progress made by the center's bodies in implementing the priorities of the 2030 strategy, especially that contribution to establishing Dubai's position as a global center for innovation and technology, including the reorganization and expansion of the "Innovation Hub" in the Dubai International Financial Center, And the development of regulations for digital assets, and future methodologies for the decision management process.
For his part, Essa Kazim, Governor of the Dubai International Financial Center, said: “During the year 2022, the Dubai International Financial Center succeeded in increasing its economic contribution at the national and local levels, as it moved forward in implementing many of the priorities of its strategy for the year 2030. As we approach 2023, the center’s bodies confirm Financial commitment to work with high efficiency and determination to achieve the Center's vision to lead the future of the financial sector, enhance the dynamism of the national economy and make a positive difference in the global financial system, which would attract more relevant foreign direct investment projects to Dubai, and consolidate our reputation as a leading global financial center in the region.
The Supreme Board of Directors of the Dubai International Financial Center urged the center's bodies to continue focusing on the future, and work specifically to strengthen Dubai's position as the first green financial center in the region, in line with the importance of climate, environmental, social and governance issues that will be discussed during the meeting of world leaders at the Conference of the Parties (COP). Cup 28) to be hosted by the UAE in Dubai next year.
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