Dubai

Dubai International Financial Centre outlines plans to triple in size

Dubai International Financial Centre outlines plans to triple in size

10 June, 2015

THE NATIONAL

The Dubai International Financial Centre (DIFC) is targeting asset management and private banking as growth sectors to help it achieve ambitious expansion goals over the next decade. DIFC yesterday announced that it planned to triple in size between now and 2024, aiming for a workforce of 50,000 and 1,000 financial companies, with a big chunk of that growth coming from what it called “deepening the core” activities of the financial centre. Asset management and private banking were earmarked for expansion – along with banking and capital markets, and reinsurance – as activities that would help to contribute 30 per cent of DIFC’s overall growth in the 10-year period.

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