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Middle EastOctober 2 2005

Ambitious project on course to be a winner

Will the new Dubai International Financial Exchange fulfil the vision of its creators to become hub for the region? Omar bin Sulaiman, director general of the Dubai International Financial Centre, talks to Stephen Timewell.The Dubai International Financial Exchange (DIFX), which was due to open on September 26, is an ambitious attempt to become the leading exchange between west Europe and east Asia.
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So says Dr Omar bin Sulaiman, director general of the Dubai International Financial Centre (DIFC), which owns the exchange.

Dubai is no stranger to ambitious projects. In an interview with The Banker, Dr Omar outlines the strategy not only behind the exchange but also behind the various sectors that he describes as Dubai’s ‘cluster economy’ concept. Inspired in part by Harvard business guru Michael Porter, Dubai, under crown prince Sheikh Mohammed bin Rashid al Maktoum, has embarked on a diversified strategy incorporating a number of business clusters that act as hubs for the region.

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