Dubai Financial Centre Posts Double-Digit Growth For 2013
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Dubai Financial Centre Posts Double-Digit Growth For 2013

Dubai Financial Centre Posts Double-Digit Growth For 2013

The number of active registered companies operating within the DIFC rose 14 per cent to 1,039 last year.

Gulf Business

The Dubai International Financial Centre, the top banking hub in the Middle East, said it grew at double-digit rates last year as it attracted more tenants from Asia and other emerging markets.

The number of active registered companies operating within the DIFC rose 14 per cent to 1,039, while their combined workforce expanded 11 per cent to 15,600, it said on Tuesday.

Jeffrey Singer, chief executive of the DIFC Authority, which manages the financial free zone, said the DIFC would focus this year on developing new areas such as Islamic finance, family-owned businesses and commercial links with Africa.

Occupancy rates in core office buildings owned or managed by the DIFC are now close to 100 per cent, so more office space is being made available in other buildings that could accommodate as many as 15,000 more workers, the DIFC said.


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