Dubai's DIFC Launches Balloon Trips For 15th Anniversary

Dubai International Financial Centre (DIFC) has unveiled the DIFC Hot Air Balloon in celebration of its 15-year anniversary.

The DIFC Hot Air Balloon will be operated by Balloon Adventures Emirates, providing an unforgettable experience for DIFC clients and the wider public to fly over the dunes of Dubai with falcons, followed by a buffet breakfast in a desert setting.

The balloon symbolises the centre’s growth journey since its inception in 2004 and also signifies the exploration of new directions by pioneering uncharted aspects of the financial services landscape, a statement said.

“DIFC has come a long way since its inception 15 years ago, and we owe it to our long-standing clients for making our journey such a successful one,” said Essa Kazim, governor of DIFC.

“We are excited to embark on our new period of growth together with our community of over 23,000 professionals working across more than 2,000 companies, as we reach new heights in the next 15 years and beyond.”

Earlier this month, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, on Monday approved a new chapter in the development of the DIFC with the launch of DIFC 2.0.

The DIFC’s phased growth plan will triple the scale of the financial hub, adding a total of 13 million square feet of space.

The development of DIFC 2.0 will commence immediately and will be completed in several stages.

Upon completion, the new district will comprise 6.4 million square feet of office space, 2.6 million square feet of creative space, 1.5 million square feet of residences, 1.3 million square feet of retail space and 700,000 square feet devoted to leisure and entertainment.

This will be complemented by a financial campus covering approximately 400,000 square feet, an additional 250,000 square feet of hospitality offerings, and 3.5 million square feet of car parking space.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.

RECENT NEWS

Aqua Labs Backs UAEs Vision 2030 With Launch Of $20mn Startup Fund

The programme invites founders worldwide to apply for funding, mentorship, and access to Web3 infrastructure The post A... Read more

Alpha Dhabi Sells 8.5% Modon Stake To Abu Dhabi Governments Limad Holding

The wholly owned entity of the Abu Dhabi Government now owns majority share in Modon after buying IHC and ADQ stakes as... Read more

ADNOC Distribution Delivers Its Strongest EBITDA Since IPO For Q3

Quarterly EBITDA of $319mn is the highest ever, up 15.9%; Net profit surged to $221mn, up 21.5%; Record 9M fuel volumes... Read more

PIF Spending Shift To Spur Greenfield FDI In Saudi As Private Equity Expands

Bain’s Gregory Garnier says Saudi's sovereign wealth fund is entering a more disciplined phase, redirecting capital f... Read more

EXCLUSIVE: SEDCO Capital Listing Possible Within 3 Years, CEO Says Amid Saudi IPO Boom

CEO Rayyan Nagadi says the group’s investment arm could go public within 3 years, as Saudi Arabia’s buoyant IPO mar... Read more

Tabby Completes Secondary Share Sale At $4.5 Billion Valuation

The transaction involved HSG, Boyu Capital and other investors acquiring shares from existing shareholders The post Tab... Read more