DIFC to double in size as region seeks $4tn project finance over next decade says CEO Jeff Singer

The region served by Dubai as a hub city is going to require an estimated $4 trillion in project finance over the next decade, Dubai International Financial Centre chief Jeff Singer told a Harvard Business School Club gala event at the Meydan Hotel last night.

That’s an average of $400 billion in new project finance for the next 10 years for the DIFC which Harvard alumni Mr. Singer is tasked with doubling in size from its existing 14,000 staff. The DIFC celebrated its own first decade last year but its recent growth has been impacted by the global financial crisis.

Read more: http://www.arabianmoney.net/islamic-finance/2013/03/25/difc-to-double-in-size-as-region-seeks-4tn-project-finance-over-next-decade-says-ceo-jeff-singer/