DIFC concludes 2015 international roadshows with visit to Africa

DUBAI, 22nd November, 2015 (WAM) — The Dubai International Financial Centre, DIFC, has concluded a series international roadshows with a visit to Johannesburg, South Africa, in line with its recently announced 2024 Strategy.
The global financial centre, which connects businesses and financial institutions with opportunities across the Middle East, Africa and South Asia, MEASA, region, aims to stimulate trade and investment flows along the South-South corridor, using Dubai as a hub.
During the visit to Africa, following a number of successful stakeholder engagement trips to China, India, Brazil and Peru earlier this year, the DIFC’s executive leadership attended the 2015 Institute of International Finance, IIF, Africa Financial Summit and the EY Strategic Forum Africa.
The delegation met with over 25 high-profile government authorities, prominent financial industry officials and leading private and public sector companies from the banking and finance, professional services and corporate sectors.
Africa is the fastest growing economy in the world, with a third of the continent’s 54 countries experiencing annual GDP growth of more than 6%, compared to the global world average of 3.7%, as reported by the Dubai Chamber of Commerce and Industry.
By 2024, the centre plans to grow the number of financial firms operating in the centre from 382 to 1,000, and its combined workforce from 18,521 employees to 50,000.