Dubai International Financial Centre (DIFC) signs Memorandum of Understanding with Mumbai Metropolitan Region Developmental Authority to advise on best practice and support for an international financial centre in Mumbai
The Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has agreed to share it’s expertise with the Mumbai Metropolitan Region Development Authority (MMRDA), by signing an Memorandum of Understanding (MoU).
The MMRDA is an urban town planning and development authority established by the Government of the State of Maharashtra as the City of Mumbai focuses on setting up its own international financial centre, in order to position it as the financial capital of India. The agreement that has been signed means the DIFC will exchange knowledge and international best practice.
Arif Amiri, Chief Executive Officer of DIFC Authority, said the MoU would boost mutual cooperation, “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. By working closely with partners such as MMRDA, we will further advance the development of a secure, stable and well managed global financial system.”