Phase three of DIFC’s Innovation Hub incorporates first mixed-use development

Phase three of DIFC’s Innovation Hub incorporates first mixed-use development

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is blending the best aspects of life and work by marking the ground-breaking of DIFC Living and Innovation Two.

DIFC Living and Innovation Two will become a major part of phase three of DIFC’s Innovation Hub, the region's largest innovation community, currently home to more than 600 growth-stage tech firms, including established innovation companies, digital labs, venture capital firms and educational institutions. The Hub is generating new economic value by fostering innovation, enterprise, and talent across various sectors, focusing on future-oriented industries.

For the latest headlines, follow our Google News channel online or via the app.Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE and President of DIFC, announced the original expansion to the Innovation Hub in May 2021, quadrupling its size from 80,000 sq. feet to 315,000 sq. feet. This expansion is due for completion at the end of next year, reflecting the rapid pace of growth DIFC is experiencing.

On Wednesday, Essa Kazim, Governor of DIFC, attended a ceremony to break ground on phase three of the DIFC