The Chairman of the Board of Directors of the “HSBC” International Group

Maktoum bin Mohammed: Dubai builds new bridges of cooperation with international financial institutions

Maktoum bin Mohammed during his meeting with Mark Tucker.

wam

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, yesterday received Mark Tucker, Chairman of the Board of Directors of HSBC Holding Group, one of the largest banking and financial services groups in the world, at the Ruler's Court Dubai.

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed, during the meeting, Dubai's pride in cooperating with the HSBC Group, in light of the historical ties that the group has long held with Dubai and the UAE in general, praising Dubai's keenness to explore and build new bridges of cooperation with financial and investment institutions. globalization, paving the way for creating a new future full of opportunities for the sector in the region.

His Highness praised the continuous work of the Dubai government to develop the emirate’s legal and regulatory environment in accordance with the highest international standards, and to improve the capabilities it offers to the business community, foremost of which is the highly reliable infrastructure and legislation that keeps pace with the rapid global changes, allowing companies and financial groups to expand the scope of their business, and discover new horizons for growth. And succeed in a rapidly developing and growing market.

The meeting discussed ways to enhance cooperation between the two sides, in light of the great interest that Dubai attaches to the financial sector, and the elements it provides for attracting the global business and financial community, represented in world-class infrastructure and flexible legislative frameworks that guarantee investors the ideal environment for the development of their business, and the Dubai government’s keenness to Strengthening cooperation with major international financial institutions, within a framework of partnership based on mutual trust, and a common desire to cross into the future with an open vision and a conscious understanding of the dimensions of the surrounding variables, and the ability to deal with them in a positive manner that ensures benefiting from the opportunities it holds.

The two sides also discussed the group's overall business and the quality services it provides to the region from its regional headquarters in Dubai, which represents the starting point for HSBC's business at the regional level, and the group's expansion plans in the Middle East during the next phase, and how to take advantage of the many opportunities accompanying the growth that the Dubai is achieving it as a main base for financial and banking services, and a major center for business, as well as the strong development movement that the UAE is witnessing in various vital sectors, as well as the promising development projects in the region.

For his part, Mark Tucker expressed his full appreciation to the UAE, and what it represents as a strategic partner and a pivotal market in the region, and his aspiration to take this partnership to higher levels during the next stage, stressing that “Dubai, with its capabilities and a distinguished position as a major center for financial services in the region. It opens the way for international companies and institutions working in this field to develop their business and expand the scope of their services in the region.”

Tucker stressed the strategic value of the UAE market, which he described as one of the most important markets for the group in the region, expressing HSBC's keenness to discover new paths of cooperation, through which it is possible to expand the provision of quality services that keep pace with the ambitious development aspirations of the UAE, and in line with the movement of Active development in the region.

The meeting was attended by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Supreme Chairman of the Emirates Group, Minister of State for Financial Affairs, Mohammed bin Hadi Al Husseini, Director General of the Court of His Highness the Ruler of Dubai, Mohammed Ibrahim Al Shaibani, and Secretary General of the Executive Council of the Emirate of Dubai. Abdullah Mohammed Al Basti, HSBC Middle East Chairman, Samir Assaf, CEO of HSBC UAE, and Abdel Fattah Sharaf, Head of International Business.

Follow our latest local and sports news and the latest political and economic developments via Google news