The Abu Dhabi Investment Office (ADIO) has partnered with HSBC Bank Middle East in the UAE to drive business and economic connectivity at a global level, naming HSBC their preferred international banking partner in Asia.
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, witnessed the signing ceremony of the agreement by Badr Al-Olama, director-general of ADIO, and Mohamed Al Marzooqi, chief executive of HSBC in the UAE.
ADIO strengthens global presence
“This collaboration with HSBC underscores ADIO’s commitment to facilitating global partnerships that drive inward investment and foster outbound growth, contributing to Abu Dhabi’s long-term economic transformation,” stated Al Olama. HSBC’s 160-year heritage in Asia, strong footprint across 17 markets, and over 75-year presence in the UAE, gives the bank the expertise and reach to help achieve Abu Dhabi’s international goals.
The partnership with HSBC will allow ADIO to strengthen its presence globally. Moreover, it will support Abu Dhabi corporations, financial institutions, and family offices in developing business prospects in key international markets where HSBC operates.
“Together, we are paving the way for investors to contribute significantly to Abu Dhabi’s long-term economic transformation by creating a vibrant business ecosystem,” he added.
Growing capital flows between Asia and the UAE
The collaboration will also facilitate two-way trade and investment flows between Abu Dhabi and Asia by organizing high-impact events in international markets to promote Abu Dhabi’s investment opportunities. In addition, it will assist HSBC clients in domiciling their regional presence in Abu Dhabi to expand into neighboring markets.
“The UAE is young, ambitious, and rising – and Abu Dhabi’s Falcon Economy has taken center stage in the nation’s prosperity. There’s rapid growth in capital flows between Asia and the UAE, and with stronger policy links, trade agreements, and liberalization of capital markets, we see opportunities for businesses on both sides to access capital and new markets,” commented Al Marzooqi.
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