UAE- DIFC signs strategic partnership agreement with du

10/20/2015 5:26:08 AM

(MENAFN- Emirates News Agency (WAM))

DUBAI 20th October 2015 (WAM) -- Dubai International Financial Centre DIFC has signed a Memorandum of Understanding with Emirates Integrated Telecommunications Company du to offer its clients preferential pricing discounts on a variety of telecommunication services.

The agreement was signed by Arif Amiri Deputy CEO of Dubai International Financial Centre Authority and Osman Sultan CEO of du at the GITEX Technology Week. It offers DIFC-based tenants special pricing packages on Global Connectivity and Ethernet services while ensuring considerable cost savings for financial firms particularly trading desks.

According to the terms of the MoU DIFC licensed companies can benefit from special pricing with substantial savings of up to 50% on Global Connectivity Services aimed at attracting global financial customers. In addition a customised Global Ethernet 'Hub Link' Service has been jointly developed by du and DIFC to link the financial hubs of London Frankfurt Mumbai and Singapore as well as the regional transit hub of Datamena. This new service allows financial institutions to directly connect to these destinations via resilient and redundant routes at cost effective prices. Meanwhile for du managed broadband services to DIFC licensed clients the agreement allows the option of redundant and low latency internet access.

Commenting on the partnership Arif Amiri said "We are pleased to have confirmed this agreement with du and firmly believe that the collaboration will further enhance the communication needs of our thriving business and financial community at the centre. The partnership entitles our tenants to preferential pricing packages for several telecommunications services and is in line with DIFC's 2024 growth strategy to be an advanced hub that offers the best connectivity to our clients across the board."

Osman Sultan CEO of du said "DIFC has become the financial hub bridging East and West and it is our responsibilityin support of our leadership's visionto take the steps necessary to bring the vision of the UAE as an international business hub to fruition. Today we are providing the strategic framework that will promote the DIFC as the business capital on a regional and global scale."

WAM/Esraa/Moran

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