Dubai – Mubasher: The UAE’s Vice President, Prime Minister and Ruler of Dubai Mohammed bin Rashid Al Maktoum has approved a new chapter in the development of the Dubai International Financial Centre (DIFC) with the launch of DIFC 2.0.

The multi-phased plan will see the DIFC tripled in scale, with an additional 13 million square feet (sqf) space, the UAE News Agency (WAM) reported.

“We are keen that the development of infrastructure is matched by the development of legislation by continuously reviewing it to ensure it is among the best in the world and that it can facilitate the best environment for supporting greater excellence and achievement,” Sheikh Mohammed stated.

DIFC 2.0 will include 6.4 million sqf office space, 2.6 million sqf creative space, 1.5 million sqf residences, and 1.3 million sqf retail space, along with 700,000 sqf for leisure and entertainment facilities, WAM said.

“Looking ahead, we are excited to continue working alongside our vibrant community, which includes some of the most prominent global financial institutions, to evolve our offering and to support the development of the financial services industry across the MEASA region,” DIFC’s governor Essa Kazim commented.

DIFC comprises over 22,000 professionals working across more than 2,000 companies.

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