New investment arm will take over portion of DIFC activities
A subsidiary of the Dubai International Financial Center was announced on Tuesday by the DIFC Authority. The new entity, "DIFC Investments (Company) LLC, or "DIFC Investments" will handle all non-public administration activities of the DIFC Authority.
All commercial activities including the management of current and future subsidiaries will be handled by the new entity, according to <i>Khaleej Times</i>.
Development of the center's investment strategy and strategic investments or alliances will also be undertaken by DIFC Investments.