HSBC Bank Middle East Limited and the Dubai Department of Economy and Tourism (DET) have inked a strategic partnership to further strengthen collaboration in an effort to draw in foreign corporations, institutional investors, and high-net-worth individuals looking to establish or increase their presence in the emirate.
Additionally, the relationship will facilitate closer engagement with global capital markets players, such as private equity firms, institutional allocators, and multinational organizations looking to establish financing and treasury operations in Dubai or get access to regional capital pools.
In order to further establish Dubai as a preferred hub for capital deployment, access to international markets, and support cross-border expansion throughout the Middle East, Africa, and South Asia, the agreement combines DET’s mandate to drive Dubai’s economic agenda with HSBC’s global network and international connectivity.
Strengthening connectivity between Asia and the UAE will be a significant goal of the cooperation, utilizing HSBC’s traditional involvement in promoting trade, investment, and capital movements between Asia and the Middle East as well as its broad presence throughout major Asian financial centers.
The agreement lays out a thorough framework for cooperation that would strengthen Dubai’s position as a major international hub for commerce, investment, and innovation, improve the city’s business ecosystem, and increase investor confidence worldwide.
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