Dubai and HSBC chart deeper collaboration in banking and investment sectors
Discussions between Dubai’s leadership and HSBC have opened up new avenues for closer ties in banking and investment, underscoring Dubai’s expanding position as a worldwide financial centre and the aspirations of the emirate’s D33 economic agenda.
Senior leadership meeting
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the United Arab Emirates, and President of the Dubai International Financial Centre (DIFC), received Georges Elhedery, Group Chief Executive Officer of HSBC, at his office in Dubai.
Strategic growth ambitions
The encounter highlighted Dubai’s growing prominence as a global financial hub and reinforced the ambitions set out under the D33 agenda, a comprehensive plan to double the size of Dubai’s economy and solidify its standing among the world’s top urban economies over the coming decade.
Broadening financial ties
Both sides explored ways to strengthen cooperation across banking and investment, building on HSBC’s longstanding presence in the United Arab Emirates and the deep capital-market capabilities of Dubai. The meeting signals a mutual commitment to supporting the emirate’s financial ecosystem and attracting further international investment.
