Dubai, UAE — The Dubai Department of Economy and Tourism has announced the signing of a strategic cooperation agreement with HSBC Bank Middle East Limited. The partnership aims to attract global corporations and investors, as well as high-net-worth individuals, seeking to establish or expand their operations in the emirate. The agreement will create a communication mechanism for stakeholders in global capital markets, including financial institutions, private equity firms, and multinational corporations looking to access regional capital sources or launch financial and treasury services in Dubai. This initiative will strengthen economic and investment ties between Asia and the UAE, leveraging the bank's extensive presence in key Asian financial centers to facilitate trade, investment, and capital flows between Asia and the Middle East region. The cooperation aims to support Dubai's attractive business environment, enhance the confidence of global investors, and solidify the emirate's position as a leading global hub for trade, investment, and innovation. The agreement also supports the goals of Dubai's Economic Agenda 'D33', which aims to double the emirate's economy by 2033 and cement its status among the world's top economic cities by increasing foreign direct investment and boosting private sector investments. Hadi Badri, Executive Director of the Dubai Economic Development Corporation, stated: 'This strategic cooperation with HSBC represents a new step towards achieving the goals of Dubai's Economic Agenda D33, especially as the emirate continues to solidify its position as a preferred destination for global companies and investors.'
