The Dubai Department of Economy and Tourism (DET) has entered a strategic agreement with Swiss wealth manager Julius Baer (Middle East) Ltd., leveraging the firm's global network to attract international investors, business owners, and family offices to Dubai.
Julius Baer operates across more than 25 countries and 60 locations, with assets under management of CHF 547 billion as of end-June 2026, and has maintained a presence in Dubai for over two decades. The partnership aligns with the Dubai Economic Agenda D33 and comes as the emirate's private wealth ecosystem expands rapidly – DIFC-based family-related entities rose 61% year-on-year to 1,289 at end-2025, while DIFC-registered foundations grew 66% to 1,115.
Dubai recorded GDP growth of 5.4% in 2025 and has ranked as the world's top destination for Greenfield FDI projects for five consecutive years. The alliance positions DET to convert international investor interest into structured establishment and capital deployment outcomes within the emirate.
Gulf Economist Staff Writer