Friday, 16 April 2010
DIFC hires consultant to find companies
The Dubai International Financial Centre (DIFC) has hired McKinsey, the consultancy, to try to improve growth in membership and stay ahead of regional rivals.
The move is part of a broader review of strategy at the DIFC after more than 40 companies left following the financial crisis, although others have since come in.
Abdulla al Awar, the chief executive of the DIFC, recently said the review would be completed within months. The centre has been buffeted by the crisis in the financial sector and the arrest last month of Omar bin Sulaiman, the centre’s former governor, on suspicion of embezzlement.
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