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.
DIFC Courts Embrace Blockchain Tools For Complex Digital Asset Cases
New custodial and analytics services will allow judges and litigants to better manage disputes involving cryptocurrenci... Read more
UAE Announces Major Changes To Corporate Tax Rules
Changes explain how corporate tax liabilities are settled and give businesses the right to claim payments in certain ca... Read more
Kuwait To Launch Dedicated Banking Crimes Prosecution Office In 2026
New unit in Kuwait will target cyber fraud, cheque offences and financial forgery as authorities step up protection of ... Read more
Islamic Development Bank Approves $1.365bn Financing In 12 Countries
To support development projects, including renewable energy, power networks, transport corridors, water and agricultura... Read more
UAE Tops MENA Crypto Adoption And Ranks 5th Worldwide – Report
World Crypto Rankings 2025 highlights the UAE’s rise as a regional leader in digital assets and tokenisation, with Du... Read more
ADIO, Primavera To Collaborate To Attract High-growth Companies To Abu Dhabi
The partnership will increase cross-border capital flows, deepen investor partnerships and expand the footprint of glob... Read more