Dubai: Dubai International Financial Centre Investments (DIFCI) reported revenues of $222 million for the fiscal year 2014, compared to $187 million during 2013 — an increase of 18.7 per cent. Its gross profit rose to $181 million for the year 2014, as compared to $147 million in 2013 — an increase of 23 per cent.
DIFCI also reduced its overall debt by $156 million over the course of 2014. Total operating companies in DIFC increased by 18 per cent year-on-year to 1,225 firms at the end of 2014, compared with 1,039 in 2013. The financial free zone recorded its best year since 2008, with its workforce growing by 14 per cent to almost 18,000.
Eisa Kazim, Chairman, DIFC Investments LLC and Governor DIFC, said, “I would like to thank all stakeholders for the confidence demonstrated in DIFCI and for the support provided to the organisation that has helped us achieve our goals and maintain stability and growth in our business. We are confident 2015 will prove to be yet another landmark year for DIFCI and DIFC.”
