Dubai Chambers has recently signed a memorandum of understanding (MoU) with Citi UAE in order to increase coordination and cooperation to serve common goals, enhance the competitiveness of the business community and ease public-private partnerships that push sustainable economic growth.
The President & CEO of Dubai Chambers, H.E. Hamad Buamim and, CEO of Citi UAE and Head of the Middle East and North Africa, Elissar Farah Antonios, signed the memorandum in the presence of representatives from both sides.
As per the terms of the strategic agreement, Dubai Chambers, as well as CitiUAE, will partner up on joint events and initiatives that will support to achieve common goals, lure companies to the United Arab Emirates and provide new banking services and products along with financial solutions to the private sector.
H.E. Buamim defined the agreement as an important development that would increase the standard of banking services and solutions that allow business growth, which would ultimately make a more facilitative and competitive business environment.
He highlighted that the partnership supports the strategy of the Dubai Chamber and is continuing to lure multinational companies to Dubai and assure a favourable business environment in the emirate while adding that banking is among the leading sectors that will entice the most foreign direct investment and are a major sector that will support the new economic vision of the emirates.
On her part, CEO of Citi UAE and MENA Cluster Head, Elissar Farah Antonios, stated that this strategic collaboration is an opportunity to further boost Dubai as an investment destination and a hub for international companies. It lies within the Citi’s commitment to United Arab Emirates’ transformation into a global economic powerhouse and our support of the attractiveness and forward-thinking vision of Dubai.
This opportunity will surely benefit Dubai as it will boost the city as an investment location.