Saturday, July 31, 2021

New DIFC law aims to attract global firms to Dubai

Dubai’s Ruler Sheikh Mohammed bin Rashid Al-Maktoum issued a new law to expand the strategic objectives of Dubai International Financial Centre (DIFC).

The new law expands the strategic objectives for DIFC which aims to further boost Dubai’s position as a global hub for financial services and promote the values of efficiency, transparency and integrity.

Afriq Homes Bed space
Afriq Homes Bed Space

These objectives now also include advancing sustainable economic growth for Dubai, developing and diversifying its economy and increasing the GDP contribution of the financial services sector, to promote investment into Dubai and to attract regional and international entities to establish themselves in DIFC as their principal place of business.

This follows a similar move by Saudi Arabia earlier this year to encourage global firms to set up their regional headquarters in the Kingdom.

Jackson Miles
An all-round creative. Jackson is a Social Media Manager and a Writer. He is also a graphics designer. When he is not doing all of the above, you find him reading and researching.

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