gulfnews : DIFC: A new global dimension

The Dubai International Financial Centre (DIFC) value proposition — including its location, high-quality infrastructure, application of and compliance with best international standards and practices, internationally recognised legal and regulatory framework, a strong regulator, availability of highly skilled and experienced human capital, critical mass in terms of the number and quality of institutions and ancillary services — continues to attract banks and financial institutions.

The fundamental point is that the centre of the world's economy has shifted East and a new financial markets architecture is emerging to the benefit of the DIFC, centrally located between Europe and emerging Asia and Africa.

DIFC's international standards have helped attract foreign direct investment (FDI) and the linkages/connectivity with the rest of the Middle East, India, China, the rest of Asia, and Africa have meant that international and regional companies (banks and financial institutions) are setting up offices at the DIFC to tap into these potential markets, helping DIFC to become the regional business and financial hub for international companies.

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