Wednesday 9 October 2013

DIFC plans $4.1 billion expansion | The National

DIFC plans $4.1 billion expansion | The National:

"Dubai International Financial Centre (DIFC) announced plans on Tuesday for a Dh15 billion expansion, as the tax-free business zone looks to attract more global firms.

DIFC Properties, which oversees the property development of the DIFC zone, is looking for investors to develop about 10 million square feet of property through joint ventures, DIFC Properties’ chief executive Brett Schafer said in an interview.

“Of the total 25 million square feet of development, only 15 million has been completed so far,” said Mr Schafer.

“We are inviting proposals from top developers and investors to develop this expansion in joint venture with ourselves,” he added."

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