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His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, today chaired the official meeting of DIFC’s Higher Board of Directors.
Attended by the senior board members of DIFC, the meeting reviewed the latest legal and regulatory frameworks implemented by the Centre, in addition to its key achievements for the first half of 2018. His Highness commended the Centre’s three entities, DIFC Authority, Dubai Financial Services Authority (DFSA) and Dispute Resolution Authority (DRA), for their ongoing efforts in cementing Dubai’s position as a global financial hub and a preferred destination for doing business.
A progress update was shared on the Centre’s latest real estate developments. In addition, the Board of Directors reviewed the three new strategic initiatives announced by the Centre aimed at catalysing economic growth in Dubai and its extended commitment to FinTech through the expansion of FinTech Hive at DIFC.
During the meeting, Justice Michael Hwang, Higher Board Member and Chief Justice of the DIFC Courts, received a certification of appreciation by His Highness Sheikh Maktoum for his exceptional judicial contribution to the Centre’s internationally recognised legal framework.
HE Essa Kazim, Governor of DIFC, said: “DIFC continues to play a significant role in reinforcing Dubai’s position as a global investment destination and the leading financial hub in the MEASA region. Our aim remains on acting as a gateway for growth and providing ample opportunity for businesses to set up and operate in one of the region’s fastest growing markets. We are proud of the accomplishments we have achieved during the first half of the year and we are on track to delivering on our 2024 growth strategy through our unmatched, inclusive ecosystem and globally competitive offerings.”
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