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Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, announced the second edition of the Dubai Fintech Summit on Sunday, revealing that it will bring together 8,000 industry leaders from around the globe to increase growth opportunities.

Al Maktoum, who also serves as minister of finance of the United Arab Emirates (UAE) and chairman of Dubai Media Incorporated, said the highly anticipated two-day event will be held from May 6 to 7 next year.

Dubai Fintech Summit will be organized by the Dubai International Financial Centre (DIFC) and attended by world-class global talent, innovators and industry leaders representing more than 100 countries in the financial services sector.

This upcoming summit aligns with the Dubai Economic Agenda D33 that drives Dubai to rank in the top four global financial hubs by 2033.

"The event also reflects our efforts to accelerate transformation and innovation and our commitment to bringing together global stakeholders to explore new possibilities for the international financial industry," Al Maktoum said, as reported by WAM.

"The remarkable increase in interest in this year's event underscores Dubai's continued expansion as a global financial center and the new opportunities emerging from its economic dynamism and growth momentum," he added.

Dubai is continuously working on the financial services industry evolution, projecting the fintech hub to grow by 17.2% compound annual growth rate (CAGR) to $949 billion from 2022 to 2030.

According to the Deputy Ruler of Dubai, the city provides emerging markets with opportunities for expansion and innovation underpinned by a world-class financial, regulatory and innovation ecosystem.

DIFC Governor Essa Kazim expressed his pleasure in organizing the second edition of the Dubai Fintech Summit, noting that "DIFC is continuously innovating to advance its global ecosystem to help facilitate economic growth central to the Centre's Strategy 2030."

"It is therefore encouraging to see industry leaders increasingly turning to Dubai as they tap into unrivaled access to the MEASA's leading financial hub, its ever-growing startup community, and boundless investment opportunities," Kazim added.

DIFC chief executive officer Arif Amiri said this event will be a key contributor to executing the UAE's Digital Economy Strategy, which aims to increase the financial sector's GDP contribution by 20% in the next 10 years as the country is attracting high-skilled talent.

Aside from 8,000 C-suite leaders, more than 1,000 pre-qualified investors will also attend the event to provide opportunities for fintech startups to secure investment and partnerships. More than 200 global speakers and more than 200 fintech exhibitors who will showcase their cutting-edge solutions will be in attendance at the summit, as well.