Sheikh Mohammed highlighted Dubai as a symbol of creativity and innovation…reports Asian Lite News
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, highlighted that the UAE and Dubai draw upon a distinctive vision and clear roadmap for development, with the focus set on social, economic and investment priorities. The nation has read the future well, closely tracking global changes, always ready to seize positive opportunities.
Sheikh Mohammed bin Rashid was addressing his weekly Majlis in Za’abeel Palace. The Majlis was also attended by a group of local dignitaries, senior government officials, women’s leaders, investors, businesspersons, and members of the Federal National Council.
Sheikh Mohammed highlighted Dubai as a symbol of creativity and innovation, reflecting prosperity and sustainable development, with its achievements rooted in a strong work ethic and dedicated workforce. He also mentioned ongoing efforts to enhance infrastructure, reinforcing Dubai’s status as a key investment hub, a vital link in global trade, and a leading tourism destination.
He discussed with attendees ways to advance development across diverse sectors, aligning with the objectives of the Dubai Economic Agenda D33, the Dubai Social Agenda 33, and the Dubai 2040 Urban Master Plan, all while keeping pace with rapid global developments.
Sheikh Mohammed bin Rashid also met with Sir Mark Tucker, Group Chairman of HSBC Holdings, one of the world’s largest banking and financial services organisations, on the sidelines of the Majlis.
During the meeting, he stressed Dubai’s commitment to building strong partnerships with leading global financial institutions, as part of its vision to create a new phase of growth and innovation in the region. He further said that Dubai offers world-class infrastructure and agile legislation that meets the industry’s needs in a rapidly changing global environment, enabling companies like HSBC to explore new opportunities and expand their business in the region and beyond.
By fostering collaboration between the public and private sectors, Dubai continues to unlock fresh opportunities for investment and create a thriving, sustainable financial ecosystem that will evolve and drive success and value creation, His Highness noted.
The discussions touched on HSBC’s operations in the region, expansion plans, and the new opportunities emerging for financial companies from Dubai’s growth as a global economic hub. HSBC, which has been operating in the UAE for more than 76 years, is the largest foreign bank in the country. The bank had a net profit of $1 billion in the UAE in 2023. The bank employs 590 Emiratis, reflecting its deep integration into the UAE’s financial sector. HSBC has over 40 million customers in 62 countries and territories across the world.