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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

Americas+1 212 318 2000

EMEA+44 20 7330 7500

Asia Pacific+65 6212 1000

Dubai is planning projects worth more than 100 billion dirhams ($27 billion) to expand the Gulf financial hub as an influx of foreign firms pushes occupancy to limits and leaves global firms struggling to find space.

The Dubai International Financial Center will start construction on an additional area across the road from its original location, which first opened in 2004. The expanded section — to be named DIFC Zabeel District — will add 17.7 million square feet to the 110-hectare (11.8 million square foot) hub. The completion of the six upcoming phases is slated for 2040, according to a presentation on the project seen by Bloomberg News.