The Dubai Department of Economy and Tourism (DET) has signed a strategic agreement with HSBC Bank Middle East Limited to strengthen cooperation aimed at attracting global corporates, institutional investors, and high-net-worth individuals to establish or expand operations in Dubai.
The partnership is designed to deepen engagement with global capital markets participants, including private equity firms, institutional allocators, and multinational corporations seeking access to regional capital pools and treasury or financing operations in the emirate. It also reinforces Dubai’s position as a key gateway for cross-border investment flows.
A central focus of the agreement is enhancing connectivity between Asia and the Middle East, leveraging HSBC’s extensive network across major Asian financial hubs. The collaboration aligns with Dubai’s Economic Agenda D33, which targets doubling the emirate’s economy by 2033 and strengthening its standing among the world’s top three global cities.
Dubai Department Of Economy And Tourism and HSBC Bank Middle East Limited said the framework will boost investor confidence, streamline market entry, and support Dubai’s ambition to attract foreign direct investment and private sector capital into priority sectors.
Hadi Badri noted that the partnership strengthens Dubai’s ability to connect with leading global institutions and create structured pathways for international businesses to establish a presence in the emirate. Mohamed Al Marzooqi highlighted the UAE’s resilient economy and HSBC’s role in facilitating investment flows across the Asia–Middle East corridor.
The collaboration builds on earlier joint initiatives launched at the Belt and Road Summit in Hong Kong in 2023, including outreach missions across Asia and engagements with corporate delegations from Japan, Singapore, China, and Hong Kong.
Dubai’s economic momentum continues to support the initiative, with GDP reaching approximately AED937 billion in 2025 and greenfield FDI hitting a record 643 projects in the first half of 2025, reflecting sustained global investor confidence in the emirate’s growth trajectory.
News Source: Emirates News Agency
