DIFC breaks ground for construction of Gate Village Building 11

Dubai International Financial Centre, DIFC, has broken ground for the construction of its 11th office building in the iconic Gate District, to be built at a total investment of Dh205 million, and scheduled for completion by Q2 2017.

"DIFC is proud to mark yet another milestone today as we break ground on these new premises. Our sustained growth and the back-to-back opening of office spaces that boast the most advanced facilities, reaffirms our commitment to supporting our clients through growing the centre and stepping up its contribution to the growth of the financial sector in Dubai and the wider UAE. With all our buildings at the DIFC Gate District fully occupied at present, the new development will ensure that we continue to meet the demand for best-in-class office spaces in the financial district in the next exciting phase of growth," said Essa Kazim, Governor of the DIFC.

Kazim added, "We have initiated a new wave of developments at the financial hub in line with the DIFC Masterplan that was announced earlier this month as part of our 2024 strategy to triple our growth. The development of Gate Building 11 will put us in a prime position to leverage new opportunities and accelerate our future growth."