DIFC’s role as platform to invest in Middle East

By Richard Catling, Al Tamimi & Company
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The Dubai International Financial Centre (DIFC) was until very recently an absolutely unique jurisdiction, not only in the United Arab Emirates (UAE), but more widely in the Gulf states. With a focus upon financial services, it has played a significant part in the establishment of Dubai as a centre for inward investment into the region’s financial services industry; it serves as a gateway for regional capital and foreign investment into the Middle East and further afield.

RICHARD CATLING Al Tamimi & Company Senior Associate Al Tamimi & Company
RICHARD CATLING
Al Tamimi & Company
Senior Associate
Al Tamimi & Company

Located at the crossroads of several major markets, Dubai is ideally placed to operate as a strategic hub for foreign investors to take advantage of opportunities in the Middle East and North Africa. It is increasingly playing the same role as a hub for investment, financial and technical services channelled to sub-Saharan Africa.

The DIFC, established in 2002, is one of many free zones in Dubai, but it differs from the others in that its remit, to create a world class financial centre, has required a sophisticated legal and regulatory environment, quite detached from the traditional Middle Eastern systems that surround it, to ensure that it fulfils its mission statement and meets the needs of the international business community.

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Richard Catling is a senior associate at Al Tamimi & Company

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Dubai International Financial Centre

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