Dubai continues to progress as a world hub for multinationals seeking to expand their business

Dubai continues to progress as a world hub for multinationals seeking to expand their business

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), said that Dubai continues to progress as the world’s foremost hub for multinationals seeking to enter the region and grow their business, in line with the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

Sheikh Maktoum bin Mohammed made these comments during his discussions at the DIFC with Bruce Flatt, Chief Executive Officer of Brookfield Asset Management, one of the world’s largest alternative investment management companies with more than US$750 billion of assets under management.

The discussions focused on how Dubai can further support the global investment major in enhancing its growth and investment in the UAE, the region and beyond. Sheikh Maktoum said Dubai is keen to expand cooperation with global investment leaders like Brookfield to shape a new future for the financial services sector.

He noted that Dubai was a pioneer in fostering innovative models for partnerships between public and private sectors to create new growth possibilities and unlock fresh investment opportunities. He added that Dubai’s policy transparency and stability, its collaborative approach, and unparalleled access to international talent helped reinforce its position as a global hub for finance and investment.

Sheikh Maktoum reiterated Dubai’s commitment to supporting global companies in expanding their business by providing them with a world-class business-enabling ecosystem and a growth-friendly legislative framework.

The Brookfield CEO said during the meeting that Dubai’s state-of-the-art infrastructure, robust regulatory framework and business-friendly ecosystem provide the investment conglomerate with the ideal platform to serve its clients and tap new growth avenues across the region. The UAE, he said, represents one of Brookfield’s major growth markets across the world. He noted that Dubai was uniquely positioned to offer Brookfield the scale and flexibility it seeks to increase its global presence.

He added that Dubai was at the centre of one of the most critical regions for the world’s drive to transition to a sustainable energy future, a business area that Brookfield was keen on growing further. Brookfield is present in more than 30 countries and has made more than 2,000 investments globally. The diversified investment major operates across several sectors, including renewable power and transition, infrastructure, private equity, real estate, and credit and insurance solutions.

Also present during the meeting were Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; Abdulla Al Basti, Secretary-General of Dubai Executive Council; Helal Saeed Al Marri, Director-General of Dubai’s Department of Economy and Tourism; and Essa Kazim, Governor of DIFC.

News Source: Emirates News Agency

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