Dubai Financial Hub Eyes ‘Astronomical’ Growth in Africa, Asia - Bloomberg:
"Dubai International Financial Centre, the tax-free business park, is relying on economic growth prospects in Africa and South Asia as it adds buildings with a value of 15 billion dirhams ($4.1 billion) over a decade.
DIFC, whose clients include global banks such as Goldman Sachs Group Inc. (GS), is seeing a surge in demand from Asian companies and from clients who are using Dubai as a platform to expand into Africa, Chief Executive Officer Jeffrey Singer said. Dubai is home to one of the world’s busiest airports and owns Emirates Airlines, which flies to more than 120 destinations.
“Dubai is perfectly poised to take advantage of what’s going to be an astronomical growth” rate in the two regions over the next decade, Singer said in an interview in Washington. “We will grow along with that.”"
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