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Dubai announces $27.2bn expansion of Dubai International Financial Centre
['Jangoulun Singsit']
World Construction Network
DIFC Zabeel District project covers a site area of 7.1 million ft2.
Credit: Dubai International Financial Centre (DIFC)/PRNewswire.
Dubai has announced the expansion of Dubai International Financial Centre (DIFC) with the launch of the DIFC Zabeel District, which has an estimated gross development value more than Dh100bn ($27.2bn).
The expansion is designed to strengthen Dubai’s position as a financial centre in the Middle East, Africa, and South Asia (MEASA) region.
DIFC governor Essa Kazim said: “This expansion will redefine the financial industry in the MEASA region and fast-track DIFC’s contribution to Dubai’s economic growth.