Partnership aims to attract global corporates, investors, and high-net-worth individuals
The Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with HSBC Bank Middle East Limited to further deepen cooperation aimed at attracting international corporates, institutional investors and high-net-worth individuals seeking to establish or expand their presence in the emirate.
The partnership will also support deeper engagement with global capital markets participants, including institutional allocators, private equity firms and multinational corporations seeking to access regional capital pools or establish financing and treasury operations in Dubai.
The agreement brings together DET’s mandate to drive Dubai’s economic agenda with HSBC’s global network and international connectivity, to further position Dubai as a preferred hub for capital deployment, access to global markets, and support cross-border expansion across the Middle East, Africa, and South Asia.
Strengthening connectivity
A key focus of the partnership will be strengthening connectivity between Asia and the UAE, leveraging HSBC’s extensive presence across major Asian financial centres and its longstanding role in facilitating trade, investment and capital flows between Asia and the Middle East.
“By aligning DET’s business facilitation capabilities with HSBC’s global reach, we are creating a structured pathway for international companies and investors to establish and expand in Dubai, opening up new opportunities across the emirate’s diverse economic landscape,” asserted Hadi Badri, CEO, Dubai Economic Development Corporation (DEDC), the economic development arm of DET.
Enduring ambitions
“As we mark 80 years in the UAE, we remain committed to supporting Dubai’s enduring ambitions as a leading international centre for business, finance and innovation and to helping our clients navigate evolving conditions with confidence,” commented Mohamed Al Marzooqi, Chief Executive Officer, UAE, HSBC Bank Middle East.
The agreement was signed in the presence of Helal Saeed Almarri, Director General, Dubai Department of Economy and Tourism, and Abdulfattah Sharaf, Chairman, HSBC Bank Middle East by Hala Badri and Mohamed Al Marzooqi.
