emirates7 - The Abu Dhabi Investment Office (ADIO) has named HSBC Bank Middle East in the UAE as their preferred international banking partner for Asia. The partnership was formalized at a signing ceremony attended by Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), and Abdulfattah Sharaf, Chairman of the Board of HSBC Bank Middle East Limited. The agreement was signed by Badr Al-Olama, Director-General of ADIO, and Mohamed Al Marzooqi, CEO of HSBC in the UAE.

This strategic collaboration aims to enhance global business and economic ties by helping Abu Dhabi's corporations, financial institutions, and family offices explore business opportunities in key markets where HSBC operates. The partnership will also promote two-way trade and investment between Abu Dhabi and Asia, with plans to organize high-profile events in international markets to showcase Abu Dhabi’s investment opportunities. Additionally, HSBC will assist its clients in setting up regional offices in Abu Dhabi as a gateway to neighboring markets.

Badr Al-Olama commented that the partnership reflects ADIO’s dedication to fostering global collaborations that attract inward investment and support outbound growth, contributing to Abu Dhabi's long-term economic transformation by building a dynamic business ecosystem.

Mohamed Al Marzooqi highlighted Abu Dhabi's significant role in the UAE's prosperity, noting the rapid growth of capital flows between Asia and the UAE. He pointed out that strengthened policies, trade agreements, and liberalized capital markets offer opportunities for businesses on both sides to access new capital and markets.

HSBC has been recognized as the UAE's Best International Bank and Asia's Best Bank at the 2024 Euromoney Awards for Excellence.