Monday 23 March 2009

DIFC growth must focus on value for money

Dubai’s alleged motto, “If you build it, they will come”, applies above all to the Dubai International Financial Centre (DIFC).

Since it opened in 2004, the DIFC has attracted big international financial institutions by offering them excellent office facilities and a “cluster development”, where like-minded professionals can work, and play, with all the necessary support systems.

Dubai has crammed into five years the decades, even centuries, of organic development that made Wall Street and London’s Square Mile such great places to do financial business. Maybe only Shanghai’s Pudong district has achieved more in global terms.

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