It was signed by "Economy and Tourism" and "HSBC"
An agreement to promote Dubai as a preferred global destination for life and business
Issam Kazem (right) and Abdel Fattah Sharaf during the signing of the memorandum of understanding.
From the source
The Department of Economy and Tourism in Dubai and HSBC Bank Middle East signed a Memorandum of Understanding (MoU) with the aim of consolidating Dubai's position as a preferred global destination for life.
According to yesterday's statement, the two parties will cooperate to enable the bank's employees and customers to learn about the quality of life that Dubai provides, as well as its position as a global investment destination, in addition to the various benefits it offers, to meet everyone's tastes, making them spend enjoyable times.
Joint cooperation will also take place in marketing activities designed to promote the events and experiences offered by the tourism system in Dubai, with the aim of strengthening its position as a leading global destination for business, entertainment and events.
Various offers
Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing, said: “We are pleased to cooperate with (HSBC), a global brand that has played a vital role in the development of the commercial, banking and financial sectors in Dubai, and through signing the MoU, we seek to shed light on the Diverse offers for the business and tourism sectors.
He added that the agreement reflects the great confidence that Dubai enjoys with multinational companies, which contributes to strengthening our efforts to achieve the vision of our leadership to make Dubai the preferred city in the world for life, work and visit.
Kazim stressed that the cooperation with the bank comes as part of the department's tireless efforts with its partners, to take advantage of Dubai's strategic location, its advanced infrastructure, and its position as one of the safest destinations, in order to enhance its attractiveness to entrepreneurs, investors and visitors of various nationalities.
global center
For his part, Abdul Fattah Sharaf, CEO of HSBC UAE Bank and Head of International Business for HSBC Bank Middle East Limited, said: “The UAE has worked to strengthen its position as a global center for trade, an international financial market, and a pioneer in the field of trade and finance. sustainable financing, attracting innovators, as well as being an important center for wealth creation.”
He added: "HSBC has been keeping pace with the renaissance witnessed by the UAE in every step of that journey.
The signing of the MoU reflects our commitment to the future of the UAE, and our ambitious plans to achieve growth in it.”
Corporate Support
The statement stated that at a time when the number of international companies that are choosing Dubai as the headquarters of their business and operations is increasing, the Department of Economy and Tourism in Dubai and «HSBC» will work to provide all forms of support to these companies, to enable them to establish their business in the city with ease.
The two parties will also enhance the city's position as a preferred global destination for life, by highlighting and promoting the initiatives launched by Dubai, while simplifying procedures for those wishing to reside, or travel to Dubai for business or leisure, as well as other initiatives that encourage residence in Dubai, including It includes new visas and programs, such as the golden residence that targets investors, businessmen and specialized talents, as well as a multiple-entry visa for a period of five years for foreign employees working in international multinational companies, based in Dubai, and the “virtual work program”, in addition to the “retirement in Dubai” program. .
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