RIYADH: Dubai’s Ruler Sheikh Mohammed bin Rashid Al-Maktoum issued a new law to expand the strategic objectives of Dubai International Financial Center (DIFC), WAM reported.
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.
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.
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