Arif Amiri, Chief Executive Officer of DIFC Authority
Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA) region has signed a Memorandum of Understanding with Gujarat International Finance Tec-City (GIFT) in an effort to encourage further cooperation and collaboration between the financial centres.
The MoU was signed today by Arif Amiri, Chief Executive Officer of DIFC Authority and Ajay Pandey, Director and Group CEO of GIFT SEZ. Areas included in the MoU are the sharing of best practices of mutual interest, exchange of information on banking, financial service and securities, legislation and regulation, cooperation in the area of training, assistance in organising seminars and conferences on selected issues enhancing the mutual development of the centres, and exchange of information on trends in relevant international financial services activities and products, in particular within the FinTech field.
The terms of cooperation will also include the intention to establish a programme of International Exchange for entities based in DIFC and GIFT, enabling them to set up entities in Gujarat/Dubai on mutually agreed terms.
On this occasion, Arif Amiri said: “We are delighted to sign this Memorandum of Understanding with GIFT, especially at a time when UAE ties with India are growing ever closer. India represents the UAE’s third largest trading partner as well as one of the world’s fastest growing economies, and natural synergies between the two centres exist which will certainly benefit our respective clients.