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UAE to remain safe haven for investment: Mohammed

posted on 14/03/2013: 1611 views



His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, received Michael L. Corbat, chief executive officer of Citigroup, and Atiqur Rehman, chief executive officer for Citigroup Middle East Division, on Wednesday.

Sheikh Mohammed and Corbat discussed Citigroup's financial and banking operations in the UAE and the region through its regional office in the Dubai International Financial Centre.

Praising the role of Citigroup in supporting the UAE national economy through its investments and banking operations to boost investments and growth, Sheikh Mohammed emphasised that the UAE in general, and Dubai in particular, will always remain a safe and secure haven for global investments, regardless of their size and diversity, through providing all capabilities for their success including infrastructure, flexible laws with international standards and social stability. For his part, Corbat thanked Sheikh Mohammed for the globally unique government facilities and care provided to the group's branches and staff.

He attributed the group's success in the region to the laws and the constructive cooperation of all Dubai authorities, which guarantee all that helps the group and all other global companies to expand and intensity operations in an environment which is stable and safe by all standards. – Emirates News Agency, WAM

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