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Officials at the signing ceremony in Dubai.

DIFC signs deal with Mumbai metro authority

DUBAI, April 29, 2017

Dubai International Financial Centre (DIFC), a leading international financial hub in the Middle East, Africa (MEA) and South Asia region, has signed an agreement with Mumbai Metropolitan Region Developmental Authority (MMRDA), an urban town planning and development authority established by the government of the Indian state of Maharashtra.

The agreement includes exchange of best practice and support for MMRDA in setting up an international financial centre in Mumbai.

In support of this initiative, the agreement signed with DIFC enables both entities to exchange knowledge and international best practice.

DIFC Authority chief executive Arif Amiri said the MoU would boost mutual co-operation.

Mumbai endeavours to set up its own international financial centre, in order to position it as the financial capital of India, he stated. 

“DIFC is recognised as the most robust and dynamic regulatory and legal system in the region, and we are pleased to share our experience of over a decade with other authorities looking to develop their own financial ecosystem. By working closely with partners such as MMRDA, we will further advance the development of a secure, stable and well managed global financial system" he added.-TradeArabia News Service




Tags: Dubai | DIFC | Mumbai | MMRDA |

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