Global Investment House in Kuwait is looking to open an office in the Dubai International Financial Centre (DIFC).

The office could be registered and ready for operations in the coming months, says a source.

The expansion plans follow the completion of a $1.7bn restructuring plan in mid-2013 after the investment firm had been hard hit by the financial crisis.

It had significant exposure to the region’s deteriorating property market having used short-term debt to invest in real estate.

The restructuring saw the company create two special purpose vehicles through which the debt has been separated from the core businesses.

Global Investment House’s move to the DIFC will further strengthen the centre’s role as a regional financial hub.

The DIFC has reported a 14 per cent growth in 2013 year-on-year in the number of companies looking to operate in the centre. A total of 55 financial services and 103 non-financial services firms registered in 2013.