DIFC Governor Hosts Top Swiss Government AdvisorPress Release05 Nov 2007 09:22 am
The Dubai International Financial Centre (DIFC) today welcomed Doris Leuthard, Federal Councillor and Head of Federal Department of Economic Affairs, Switzerland along with a nine member strong delegation.
Though Switzerland is a preferred destination for private and investment banks, Leuthard was keen to explore Dubai and the DIFC and understand the vast opportunities that exist in the region especially within the financial sector.
Since its inception three years ago, DIFC has attracted some of the leading and most respected Swiss names in the global banking industry including UBS, Credit Suisse, Bank Sarasin, Clariden and Julius Baer which have all received licenses to operate in the district.
His Excellency Dr. Omar Bin Sulaiman, Governor, DIFC, said, "We are delighted to welcome Doris Leuthard and her delegation to the DIFC. As one of the world's fastest growing financial centres, their visit provides an opportunity to examine new initiatives and projects. There is a lot of common ground as the financial services sector is a major contributor to the GDP in both our economies."
The UAE and Switzerland celebrate a strong and cooperative relationship that is set to gather further momentum. The delegation discussed trade relations as well as the expansion and strengthening of political and economic ties between the UAE and Switzerland and more specifically with the DIFC.
The DIFC was originally developed after an extensive study of leading global centres, including Switzerland. By identifying and then implementing the best legal, regulatory and administrative systems from around the world, the DIFC is already recognised as a leading financial centre.