DUBAI: The Dubai Economic Council (DEC) has signed a Memorandum of Understanding (MoU) with Deloitte Corporate Finance Limited for mutual cooperation.
Hani Al Hamli, Secretary General DEC and Humphry Hatton, Chief Executive Officer of Deloitte Corporate Finance company signed the MoU in the presence of the executive teams of both sides.
Al Hamli stated, “We’re proud to have Deloitte Corporate Finance Limited as our partner, which comes in our role as a strategic partner to Dubai Government in economic policy making with the intention to encourage participation of the private sector for economic development of the Emirate.”
He pointed out that this participation comes through discussion of policies and economical plans as well as provision of necessary consultation.
Al Hamli stressed the necessity of public-private partnership (PPP) to implement the development plan of Dubai efficiently, he pointed out that this participation comes through discussion of policies and economical plans as well as provision of necessary consultation.
DEC’s Secretary General said more joint economic and legal projects, which are currently in pipeline would be carried out by the DEC and Deloitte, mainly in banking sector and federal and local regulations.
The scope of collaboration shall include exchange of knowledge and experience, where appropriate drawing on studies, memorandums, statistics and any information or reports available therewith whether commercial, economic, or financial that are related to the joint projects.
In addition, the DEC will be providing strategic oversight and direction in certain specialised financial areas.
Both parties will be mutually assisting in the development and execution of joint and collaborative research activities and publications in the field of finance and professional development, in opportunities or events of mutual interest.
The collaboration aims to enlighten the business community through publication of reports and studies related to different sectors inside the Emirate of Dubai in particular, and the UAE in general” besides the briefing thereof” of the best international practices in the field of finance.
For his part Humphry Hatton hoped to have more collaborations with the DEC. He said, “Access to insightful analysis from private, as well as public sectors and academic research, the framework can be put in place and the foundations set for Dubai and the UAE’s would continue to show strong growth in the years and decades ahead.”
The Chief Executive Officer of Deloitte Corporate Finance Limited also stated, “We very much look forward to collaborating with the DEC in partnership with them.”
He stressed that visionary strategic and economic policy decision making lies at the heart of the success of Dubai, and will continue to do so.
“By ensuring that the DEC has access to insightful analysis from the best of the private sector, as well as from the public sector and academic research, the framework can be put in place and the foundations set for Dubai and the UAE’s continued strong growth in the years and decades ahead” he added.
Hatton also said that in a competitive world economy, Dubai can continue to outperform but it will increasingly need to draw on a wider range of skills and experience to achieve this, and the role of DEC will become ever more vital in helping to promote and create the favourable conditions that underpin the most successful modern economies.”
Deloitte Corporate Finance Limited is a company limited by shares. It is registered in Dubai International Financial Centre with registered number CLO 748 and is authorised and regulated by the Dubai Financial Services Authority.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Deloitte’s role is to provide audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries.