The Dubai International Financial Centre, (DIFC) has announced three new strategic initiatives aimed at catalysing economic growth in Dubai and cementing its global status as a competitive business destination.

DIFC’s three initiatives focus on attracting foreign direct investment (FD) particularly from south-east Asia, enabling Dubai Government entities to complete financial services within DIFC and facilitating the provision of financial products through Dubai, reported Emirates news agency Wam.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of Dubai Executive Council, assigned the Executive Council to oversee the execution and delivery of these initiatives.

Essa Kazim, governor of DIFC and chairman of the DIFC Authority Board of Directors, said: "Dubai’s leading global position on the global map is only a result of the great efforts and vision of its leadership, represented by His Highness Sheikh Mohammed bin Rashid, and the effective strategies he has launched for the wellbeing of the UAE and its people.

"Today we are at an intersection point in Dubai’s history, not only as a global economic centre but also given the strong foundations it has built for a sustainable economy. The initiatives we launched at DIFC are primarily focused on strengthening our financial platform and offering the necessary legal and regulatory framework to facilitate the flow of investments and financial services and products through Dubai. They also reflect our ongoing role in offering an integrated, advanced business environment aimed at catalysing economic growth and cementing Dubai’s competitiveness in the global investment marketplace."

Kazim went on to say that DIFC has recently made significant achievements that contributed to the cementing of Dubai’s global position as one of the world’s top 10 international financial centres and the number one in the MEASA region.

"We remain committed to continuing these efforts and supporting the development of Dubai’s financial ecosystem, guided by the directives of His Highness Sheikh Mohammed, and his vision towards building a sustainable economy and an ideal investment environment in Dubai," he added.