Dubai - Mubasher: Dubai International Financial Centre (DIFC) has signed a memorandum of understanding (MoU) with Mumbai Metropolitan Region Developmental Authority (MMRDA), an urban town planning and development authority.
The agreement is part of the city of Mumbai’s plan to set up its own international financial centre, in order to position it as the financial capital of India.
Arif Amiri, chief executive officer of the DIFC Authority, said the MoU would boost mutual cooperation, stating: “DIFC is recognised as the most robust and dynamic regulatory and legal system in the region, and we are pleased to share our experience of over a decade with other authorities looking to develop their own financial ecosystem.”
