Dubai International Financial Centre grows 6% in first half 2012

Dubai International Financial Centre (DIFC), the financial and business hub connecting the region’s emerging markets with the markets of Europe, Asia and the Americas, updates the market today on its continuous positive performance throughout the first half of 2012.

H1 Highlights

? The net total of active registered companies operating in the Centre grew to 899 (FY 2011: 848), an increase of 6%

? 90 commercial licences were issued in H1 2012 compared to 64 licences in H1 2011, a year-on-year increase of 41%

? Occupancy of DIFC-owned commercial offices in the Gate District increased to 98% (FY 2011: 95%) of the leasable space

? Occupancy in DIFC-owned retail space remained consistent at 96%

? Commercial office space within third-party developments under DIFC’s management is 86% occupied, compared to 72% occupancy at year end 2011

H. E. Abdul Aziz Al Ghurair, Chairman of the Board of Directors of DIFC Authority commented;

“The strong principles on which DIFC is founded – effective regulation and a dynamic business environment – position DIFC well to continue its development as a world financial centre.There are promising opportunities for significant expansion of DIFC both in terms of the number of companies operating here and the range of activities in which they are engaged.”

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