emirates7 - Dubai Chambers has signed a Memorandum of Understanding (MoU) with HSBC Bank Middle East Limited to facilitate the global expansion of local businesses and support international companies in establishing and growing their operations in Dubai.
As part of the agreement, both entities will work together to provide banking solutions for international companies setting up in Dubai with the assistance of Dubai Chambers, as well as offer general services to Dubai’s business community. The collaboration aims to promote the growth of businesses in Dubai while enabling their expansion locally, regionally, and globally.
HSBC will offer services such as global trade financing and local account setup, while Dubai Chambers will assist HSBC’s global clients interested in investing in and growing their businesses in Dubai.
This MoU forms part of the Global Partnerships Programme, an initiative designed to strengthen Dubai Chambers’ efforts to attract foreign investments and expand business opportunities through partnerships with leading service providers across eight trade sectors. The programme aligns with the goals of the *Dubai Global* initiative, which focuses on attracting foreign direct investment (FDI) to Dubai and supporting Dubai-based companies in exploring international markets.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, emphasized the organization’s commitment to aiding local companies in entering international markets and supporting their growth. He noted that the partnership would enhance efforts to boost business activity across various sectors while drawing global investment to the emirate.
Stephen Moss, CEO of HSBC Middle East, North Africa, and Türkiye, highlighted Dubai’s emergence as a global hub for business and wealth, citing its robust international connectivity and increasing trade flows, particularly with Asia. He remarked that the collaboration between HSBC’s global network and Dubai Chambers’ local expertise would further accelerate the growth of businesses entering and expanding from Dubai.
As part of the agreement, both entities will work together to provide banking solutions for international companies setting up in Dubai with the assistance of Dubai Chambers, as well as offer general services to Dubai’s business community. The collaboration aims to promote the growth of businesses in Dubai while enabling their expansion locally, regionally, and globally.
HSBC will offer services such as global trade financing and local account setup, while Dubai Chambers will assist HSBC’s global clients interested in investing in and growing their businesses in Dubai.
This MoU forms part of the Global Partnerships Programme, an initiative designed to strengthen Dubai Chambers’ efforts to attract foreign investments and expand business opportunities through partnerships with leading service providers across eight trade sectors. The programme aligns with the goals of the *Dubai Global* initiative, which focuses on attracting foreign direct investment (FDI) to Dubai and supporting Dubai-based companies in exploring international markets.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, emphasized the organization’s commitment to aiding local companies in entering international markets and supporting their growth. He noted that the partnership would enhance efforts to boost business activity across various sectors while drawing global investment to the emirate.
Stephen Moss, CEO of HSBC Middle East, North Africa, and Türkiye, highlighted Dubai’s emergence as a global hub for business and wealth, citing its robust international connectivity and increasing trade flows, particularly with Asia. He remarked that the collaboration between HSBC’s global network and Dubai Chambers’ local expertise would further accelerate the growth of businesses entering and expanding from Dubai.