Dubai economic council to launch first report on financial sector

Dubai Economic Council (DEC) with the strategic partnership of Deloitte Corporate Finance Limited (Deloitte) will launch a joint report, Financial Sector Development for Promoting Investment and Sustainable Growth in Dubai on Monday, March 3 2014, at the Intercontinental Hotel Dubai Festival City.The report is the first report of its kind in the UAE and the region". It reviews and presents an analysis of the key factors that could enable Dubai to transform and foster its position as an international hub for trade and finance and to attract more investment. A core component of the report is the bench-marking study against other peer international financial and trading hubs that have been successful in attracting investment to unprecedented levels, such as Singapore and Hong Kong. Additionally, the report identifies potential gaps that require further development in order to enhance Dubai's competitiveness and attractiveness of more investment opportunities. The purpose of the stated report, its findings and recommendations, is to provide decision makers in Dubai with a reference framework to help design appropriate policies and strategic plans, which aim to encourage direct foreign investment and consequently fulfill Dubai's potential economic growth. A round-table will be organized on the side-lines of the seminar with the participation of a number of local department representatives, financial leaders, national and multinational financial institution experts, in order to learn about their vision on how to take the performance of the major sectors in Dubai to the next level, especially the financial sector, and how to meet the conditions of sustainability.