The Dubai Department of Economy and Tourism (DET) has signed a strategic partnership with HSBC Bank Middle East Limited to attract international corporates, institutional investors, and ultra-high-net-worth individuals to Dubai.
The collaboration aims to strengthen foreign direct investment (FDI) and support expansion across key sectors, leveraging HSBC’s deep footprint in major Asian financial centres to enhance capital flows between Asia and the UAE.
Aligned with Dubai’s D33 Economic Agenda, which targets doubling the emirate’s economy by 2033, the partnership builds on ongoing outreach across markets such as Japan, Singapore, and China.
Dubai’s economic momentum remains strong, with GDP reaching AED 937 billion in 2025 (+5.4% YoY) and 643 FDI projects recorded in H1 – the highest globally for any half-year since 2003.
Gulf Economist Staff Writer