H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and UAE Minister of Finance, recently met Alexandre de Rothschild, Executive Chairman of Rothschild & Co, a globally renowned financial services group.
The discussion focused on the company’s operations in the region and its future expansion plans starting in Dubai.
During the meeting, H.H. Sheikh Maktoum congratulated Rothschild & Co on opening its new wealth management office in Dubai. This move reflects the UAE’s strong reputation in global financial markets. The UAE’s success is driven by its flexible business environment, which helps partners thrive across different sectors, particularly financial services and consultancy.
The talks also highlighted the UAE’s ambitious vision for sustainable development, guided by strategies that promote collaboration with the private sector. The country’s continuous support for local and international partners ensures shared success, emphasizing the importance of public-private partnerships as a cornerstone of the UAE’s progress.
The conversation also centered on Dubai’s vision for the future, especially its goals under the Dubai Economic Agenda D33. This agenda aims to double Dubai’s economy within the next decade, attract over AED 650 billion in foreign investment, and position the emirate as one of the world’s top four financial centers.
The role of the Dubai International Financial Centre (DIFC) was emphasized, showcasing its contributions to creating a business-friendly environment for financial firms. DIFC currently hosts over 400 companies in the wealth and asset management sector, including 44 hedge funds from the ‘billion-dollar club.’
Dubai’s reputation as a hub for private capital is unmatched, with the DIFC offering clients access to an estimated $3.5 trillion in capital. The city has become home to the largest concentration of wealth holders in the region.
The meeting was attended by several high-profile UAE officials, including Mohammed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Helal Saeed Al Marri, Director-General of the Dubai Department of Economy and Tourism; Essa Kazim, Governor of DIFC; and Arif Amiri, CEO of the DIFC Authority.
Rothschild & Co, a leader in global financial services, boasts nearly 200 years of experience. The firm operates in over 40 countries with a team of around 4,600 experts specializing in mergers and acquisitions, strategy, financing, and wealth management. In the Middle East, Rothschild & Co has managed 175 M&A deals worth about $100 billion since 2010.
