Dubai: The Dubai Economic Council (DEC) 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 in the economic development of the Emirate”.
Stressing 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 the pipeline would be carried out by 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; and of the best international practices in the field of finance.
For his part, Humphry Hatton hoped to have more collaborations with the DEC. “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 UAE would continue to show strong growth in the years and decades ahead.”