Maktoum bin Mohammed meets with Executive Chairman of Rothschild & Co

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Dubai International Financial Centre (DIFC), met with Alexandre de Rothschild, Executive Chairman of Rothschild & Co, 1 of the starring fiscal services groups worldwide.

The discussions centred connected the company's determination operations and its enlargement plans starting from Dubai.

H.H. Sheikh Maktoum congratulated the Executive Chairman of Rothschild & Co connected the opening of the company’s caller wealthiness absorption bureau successful Dubai, which underscores the UAE’s sterling estimation successful planetary fiscal circles. The UAE’s occurrence successful this respect stems from its highly flexible concern environment, which fosters the maturation and occurrence of its partners crossed assorted sectors successful general, and the fiscal services and consultancy assemblage successful particular.

Discussions during the gathering besides focused connected the UAE’s ambitious imaginativeness for the aboriginal arsenic acceptable retired successful a bid of strategies and enactment plans that service arsenic a roadmap for comprehensive, sustainable development. At the bosom of this imaginativeness is simply a beardown instauration of concern with the backstage sector. The UAE's continuous efforts to afloat enactment its partners, including backstage assemblage institutions and companies some locally and globally, paving the mode for greater shared successes, was besides emphasised. This attack underscores the UAE's committedness to concern and collaboration arsenic cardinal pillars of its improvement journey.

The gathering besides focused connected Dubai's futuristic imaginativeness and its efforts aligned with the ambitious goals outlined successful the Dubai Economic Agenda D33. This docket aims to treble the emirate’s system implicit the adjacent decennary and presumption Dubai among the world’s apical 4 fiscal centres, with a people to pull implicit AED650 cardinal successful overseas nonstop investment. The pivotal relation of the Dubai International Financial Centre successful fostering a business-friendly situation for fiscal services companies was besides highlighted. DIFC continues to fortify its presumption arsenic a planetary hub for wealthiness and plus management. Currently, it is location to implicit 400 companies successful this sector, including 44 hedge funds from the ‘billion-dollar club.’

Dubai is wide recognised arsenic the superior of backstage capital, location to the largest attraction of wealthiness holders successful the region. The superior accessible to clients of the Dubai International Financial Centre (DIFC) is estimated astatine astir $3.5 trillion.

The gathering was attended by Mohammed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Helal Saeed Al Marri, Director-General of the Dubai Department of Economy and Tourism; Essa Kazim, Governor of the DIFC; and Arif Amiri, CEO of the DIFC Authority.

Rothschild & Co is 1 of the starring planetary fiscal services and consultancy firms, with astir 200 years of expertise down it. Operating successful implicit 40 countries, it employs astir 4,600 specialists offering advisory services successful mergers and acquisitions (M&A), strategy, financing, and wealthiness management. In the Middle East, the steadfast has managed 175 M&A deals, valued astatine astir $100 billion, since 2010.

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