Says UAE economy fine despite global issue
Dubai: Dubai International Financial Centre (DIFC) CEO Abdullah Mohammad Al Awar said that the UAE economy stands on solid ground.
Speaking at the Canadian Business Council of Dubai and the Northern Emirates (CBC) lunch yesterday, Al Awar said: "As far as Dubai is concerned, despite the global challenges the emirate's economy has solid foundations with quality infrastructure."
"The UAE's GDP growth is expected to reach 4.1 per cent in 2010, according to the Economist Intelligence Unit and the World Bank," Al Awar said. Regarding the role and future of the DIFC in the region, Al Awar said that the centre's strategy is to focus on core areas such as financial services, port services and tourism in 2010.
Optimism
"The reason for my optimism is driven by the logic and dynamics that have powered DIFC's growth over the past five years," he said.
"In 2009, we had over 110 companies registered just from January until October and so we anticipate the continuous growth in the number of companies that want to set up in the DIFC."
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