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Gibson Dunn & Crutcher has become the latest firm to join the gold-rush to the Middle East, confirming plans to open an office in Dubai by the end of 2007.
Gibson Dunn will open its office in the Dubai International Finance Centre, focusing on M&A deals, fund formation, real estate investments and Sharia compliant finance. The firm will send Washington DC partner Peter Baumbusch to Dubai to oversee the operation. London partners Paul Harter and Tony Bonanno are also expected to spend time out in Dubai.
“We have had a Middle East practice for years,” said Baumbusch. “It makes sense for us to open a Dubai office. Investment activity in the Gulf states and the Middle East just continues to grow. Dubai is at the centre of one of the fastest growing economic regions in the world.”
This year firms such as HBJ Gateley Waring and Lovells have both stuck their flags in Dubai, as economic activity in the Middle East accelerates.
The move will give Gibson Dunn 14 offices, five of which are based outside the US.