Wednesday, 24 June 2015

Dubai International Financial Centre to build fast by sticking to plan | The National

Dubai International Financial Centre to build fast by sticking to plan | The National:



"By any standard, the Dubai International Financial Centre has had an impressive first decade of business. Chirag Shah, head of strategy and business development for the DIFC for most of those 10 years, has been at the centre of it.



“It’s been an incredible journey. Back then Dubai had no name as a financial centre. Now it has the infrastructure, credibility and governance to be one of the top financial hubs of the world. Some people might say that’s ambitious, but look at how far we’ve come. All we have to do is to continue on the growth trajectory we’ve already got,” he says.



It certainly is ambitious. By 2024, DIFC aims to roughly triple in size, looking to lure 1,000 of the world’s top financial firms to Dubai, with a members’ combined balance sheet of $400 billion and a total workforce of 50,000."



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