Thursday 11 June 2015

DIFC has enough cash, balance sheet strong to fund expansion | GulfNews.com

DIFC has enough cash, balance sheet strong to fund expansion | GulfNews.com:



"Dubai International Financial Centre (DIFC) has an excess of funds currently with a strong balance sheet, to fund of any of its plans to develop plots, and that is what it intends to do.



“We will be embarking on developing under the umbrella of DIFC similar to what we have done in the past by building the Gate, the Gate Village, so going forward most of the development will be done by the DIFC,” Eisa Kazim, Governor of DIFC, said.



“We fully understand the requirements of the clients. We would not purely focus it on commercial basis as compared to a third party developer,” Kazim said."



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