UAE and India to 'have greater working relations'

29/10/2009 - Dubai Lifestyle News
UAE and India to 'have greater working relations'

Posted by Bob Brunskill

A new way of thinking, which could see the UAE and India working closer together in business, is likely to be of interest to those with property in Dubai.

The two countries already work with one another in terms of trading but it is thought that there is a greater scope for collaboration in terms of the finance industry and investment.

It has been decided that a new partnership should be formed between the two.

At a seminar named the India-UAE Partnership: Investments, Opportunities and Synergies, the role of the Dubai International Financial Centre (DIFC) was discussed, including financial services resources and how India can tap into Gulf liquidity.

Speaker Dr Omar Bin Sulaiman addressed over 250 Indian finance market and banking delegates, saying: "DIFC is also particularly equipped to attract and service Indian international family businesses. In fact, DIFC was the first jurisdiction in the world to define a Family Office in legal terms."

The DIFC forms part of a greater vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum to make an environment for economic development that is progressive in the UAE.

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