Dubai to launch $1bn DIFC project next week

13 January, 2016


Dubai’s sovereign wealth fund, the Investment Corporation of Dubai (ICD), and Canada’s Brookfield Asset Management will formally launch their first project in Dubai next Wednesday. The two organisations plan to build a $1 billion development within the Dubai International Financial Centre (DIFC) free zone. ICD Brookfield Place is scheduled to be completed in 2018 and comprises a 50-storey office tower, hotel and retail outlets on a site off Al Sa’ada Street behind The Ritz-Carlton hotel.

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