Dubai and Hong Kong forge partnership to activate financial hall

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The governments of Dubai and Hong Kong have signed an settlement to ascertain an financial hall for selling cross border buying and selling and strengthening cooperation in monetary providers.

The partnership will even help the event of household workplaces and collaboration between the 2 cities in fintech, digital property and inexperienced finance.

Dubai’s Department of Economy and Tourism (DET) and Hong Kong’s Financial Services and the Treasury Bureau signed the Memorandum of Understanding (MOU) on the two-day Belt and Road Summit in Hong Kong.

The MoU helps the targets of the Dubai Economic Agenda D33, to consolidate Dubai’s standing as one of many world’s high three cities and double town’s financial system within the subsequent decade.

“This strategic alliance is another milestone for Dubai and symbolises our commitment towards realising the vision of our leadership’s ambitions to position Dubai as one of the world’s top four global financial capitals, as well as building an economic corridor in partnership with Hong Kong, China to generate incremental and sustainable economic growth,” stated Hadi Badri, CEO of the Dubai Economic Development Corporation at DET.

#Dubai and Hong Kong forge monetary providers partnership to activate financial hall. @DubaiDET & Financial Services and the Treasury Bureau of the Government of the Hong Kong Special Administrative Region of China signal MoU on the Belt and Road Summit. https://t.co/XEyphJLs4x pic.twitter.com/Y3vmWe7JLX

— Dubai Media Office (@DXBMediaOffice) September 14, 2023