PricewaterhouseCoopers to apply for Membership of DIFCPress Release09 Oct 2005 01:02 pm
PricewaterhouseCoopers (PwC), the world’s largest accountancy firm, is finalising its application to the Dubai Financial Services Authority (DFSA) to register as an Ancillary Service Provider with the Dubai International Financial Centre (DIFC).
Dr Omar Bin Sulaiman, Director General, Dubai International Financial Centre Authority, (DIFCA) commented:
“We are delighted that PricewaterhouseCoopers wants to do business from the DIFC. It is one of the world’s largest accounting, audit and consulting firms, and we welcome their application. The number of major companies committed to locating here is increasing by the week and with each new applicant the critical mass of the DIFC continues to build up. The diversity of financial products and services that is becoming through the Centre is already remarkably high, considering that we have been operational for only one year.
“The attractions of the DIFC in particular and Dubai in general have helped us to achieve this success. We welcome PwC and all other companies that want to take part in the world’s newest and fastest growing financial centre.
Mr Samuel A. DiPiazza, Jr, Global Chief Executive Officer of PwC, during his recent visit to Dubai, said:
“We have worked with DIFC since its inception. As a further demonstration of our commitment, PwC is pleased to establish a presence at DIFC. We will shortly complete and submit our application to register as an Ancillary Service Provider at DIFC.”
Mr Samuel DiPiazza, Jr, together with Mr Michael J Stevenson, PwC’s Middle East Senior Partner, met with Dr Omar Bin Sulaiman, Director General of DIFCA, and Dr Habib Al Mulla, Chairman of the DFSA to announce their decision.
Mr Michael J. Stevenson added:
“Upon obtaining approval, PwC will build upon its dedicated Assurance, Advisory and regulatory practice units at the DIFC, which provide clients with an extensive range of services, including regulatory compliance support and application assistance.”