His Highness Sheikh Mohammed bin Rashid Al Maktoum has launched the DIFC Zabeel District, a massive AED100 billion expansion of the Dubai International Financial Centre. The project is designed to secure Dubai’s place as a top four global financial hub and will cover a total area of 17.7 million square feet.

The development represents the largest demand-driven expansion in the region. Once finished, it will allow the DIFC to house more than 42,000 companies and a workforce of over 125,000 people. The masterplan includes six distinct phases, with the first scheduled to open in 2030 and the entire project set for completion by 2040.

His Highness Sheikh Mohammed bin Rashid Al Maktoum stated: “Dubai continues to enhance its status as a leading global business and finance hub by launching landmark, futuristic projects that provide a comprehensive ecosystem integrating business requirements with high quality of life. This has made Dubai the preferred destination for businesses and talent worldwide.” He further added: “Dubai is a story of ambition that knows no bounds, writing its chapters with future-forward achievements and a determination stemming from the belief that building the future is a time-sensitive responsibility. In Dubai, we do not wait for change, we make it. We transform dreams into a reality that speaks the language of leadership.”

A major part of the new district will focus on future technologies. Over 1 million square feet will be dedicated to an innovation hub and the first purpose-built AI Campus in the world. The site will also feature a Gaming & Immersive Technologies Hub to support digital content creation.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said: “DIFC Zabeel District is a testament to our unwavering commitment to the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum to foster a comprehensive financial ecosystem conducive to innovation that integrates infrastructure with financial regulations to drive growth. This development further enhances Dubai’s ability to lead financial sector transformation in line with the Dubai Economic Agenda (D33), which aims to double the emirate’s economy by 2033 and solidify its position as one of the world’s top four financial centres.”

The district will be linked to the existing Gate District by a signature bridge and will include residential spaces, luxury shops, hotels and a 370,000-square-foot academy for 50,000 learners.