Dubai, HSBC join forces to attract international businesses
Under the agreement, DET will work with HSBC’s international client base to support market entry and expansion into Dubai, particularly across priority sectors identified under D33
13 April, 2026
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Dubai Department of Economy and Tourism has signed a strategic agreement with HSBC Bank Middle East Limited to strengthen Dubai’s ability to attract global corporates, institutional investors and high-net-worth individuals.
The partnership aims to deepen engagement with international capital markets participants, including private equity firms, multinational corporations and institutional investors seeking to establish or expand operations in the emirate.
Strengthening global investment connectivity
The agreement aligns DET’s economic development mandate with HSBC’s global network, positioning Dubai as a hub for capital deployment, cross-border expansion and access to markets across the Middle East, Africa and South Asia.
A key focus will be enhancing connectivity between Asia and the UAE, leveraging HSBC’s presence across major Asian financial centres to facilitate trade, investment and capital flows along the Asia–Middle East corridor.
The collaboration supports the Dubai Economic Agenda (D33), which targets doubling the size of the emirate’s economy by 2033 and strengthening its position among the world’s leading global cities.
Hadi Badri, chief executive officer of the Dubai Economic Development Corporation (DEDC), the economic development arm of DET, said: “As Dubai continues to strengthen its position as a preferred destination for global businesses and investors, this strategic partnership with HSBC represents another step forward in delivering on the goals of the Dubai Economic Agenda, D33. The partnership enhances our ability to connect with the world’s leading institutions, building on the strong collaboration we have already developed with HSBC across key international markets. By aligning DET’s business facilitation capabilities with HSBC’s global reach, we are creating a structured pathway for international companies and investors to establish and expand in Dubai, opening up new opportunities across the emirate’s diverse economic landscape.”
Building on existing collaboration
The agreement builds on an established relationship between DET and HSBC, including joint initiatives launched during the Belt and Road Summit in Hong Kong in 2023. These efforts have included outreach across Asia, engagement with investors from markets such as Japan, Singapore, China and Hong Kong, and strategic dialogues with HSBC’s global client network.
Mohamed Al Marzooqi, chief executive officer, UAE at HSBC Bank Middle East, said: “Dubai has built one of the world’s most resilient and internationally connected economies, underpinned by strong institutions, forward-looking policy and deep global partnerships. Even amid the current situation in the region, the UAE’s strong fundamentals continue to underpin its long-term position as a trusted hub for trade, investment and capital. Through our partnership with the DET, we aim to help connect global investors with opportunities across Dubai’s dynamic economy. HSBC’s international network, particularly across Asia, positions us well to facilitate investment flows along the Asia–Middle East corridor, which remains one of the world’s most important growth engines. As we mark 80 years in the UAE, we remain committed to supporting Dubai’s enduring ambitions as a leading international centre for business, finance and innovation and to helping our clients navigate evolving conditions with confidence.”
Supporting investment flows and market entry
Under the agreement, DET will work with HSBC’s international client base to support market entry and expansion into Dubai, particularly across priority sectors identified under D33. This includes providing licensing guidance, facilitation services and ecosystem navigation for corporates, family offices and investors.
Both parties will also collaborate on knowledge-sharing initiatives and capacity building, helping HSBC’s global teams better understand Dubai’s regulatory landscape and investment opportunities.
The partnership comes amid sustained economic momentum in Dubai. The emirate’s GDP reached approximately Dhs937bn in 2025, reflecting 5.4 per cent year-on-year growth. Greenfield foreign direct investment (FDI) also reached a record 643 projects in the first half of 2025, according to Financial Times Ltd’s FDi Markets data.
The agreement underscores Dubai’s continued focus on attracting global capital and reinforcing its position as a leading international hub for trade, investment and innovation.























