Wednesday, 16 April 2014

Abu Dhabi Global Market chief sounds cooperative note on DIFC | The National

Abu Dhabi Global Market chief sounds cooperative note on DIFC | The National:



"The chairman of the Abu Dhabi Global Market said the capital’s financial centre under construction on Maryah Island has not been designed to compete with the Dubai International Financial Centre, the de facto financial hub in the Middle East.  



“We are extremely proud of the significant economic growth achieved by the UAE since its formation in 1971,” Ahmed Al Sayegh told King Juan Carlos of Spain and his delegation yesterday. “As a result, our nation can already easily sustain two financial centres, and there are ambitious plans for further economic growth. So I would like to emphasise that the Global Market and DIFC will not compete. In time, the two centres will complement each other, making the UAE the financial capital for the region.”"



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