Forecasts showed that the United Arab Emirates will continue to play a leading regional role in the fintech sector, with the market expected to achieve a compound annual growth rate exceeding 12 percent between 2025 and 2030, increasing from about USD 3.5 billion to USD 6.4 billion.
The UAE aims to raise the fintech sector’s contribution to GDP to about 12 percent by 2031, compared with an estimated 8.7 percent currently. To drive fintech expansion, the UAE has taken several proactive measures, establishing regulatory frameworks and policies that encourage innovation and accelerate digital transformation through bodies such as the Dubai Virtual Assets Regulatory Authority, the Dubai Financial Services Authority, and the Financial Services Regulatory Authority in Abu Dhabi Global Market.
Source (CNBC Arabia Website, Edited)
