HH Sheikh Maktoum bin Mohammad bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC), said today that Government-Related Entities (GRE) were making diligent efforts to promote investment in the region for spurring national economy to prosper.
At a meeting today with Jean-Paul Chifflet, the Chief Executive Officer of Credit Agricole, Sheikh Maktoum added that constructive efforts were being made to deliver the vision of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum for creating an ideal business environment, introducing laws and legislations in consistence with international frameworks and improving infrastructure at par with international high quality standards so as to attract financial firms to Dubai and the UAE.
The retail banking group in France is running its operations in the region from the DIFC.
Sheikh Maktoum and the French banker discussed Credit Agricole's achievements and its commitment to contribute to efforts aimed at realising Dubai's vision to be a capital of Islamic economy.
Mr. Chifflet said that after six decades of proven record in the region, the bank opted before two years to take Dubai as a centre for regional operations.
He affirmed that the bank would boost investment and financing for development of the aviation, infrastructure and general services in line with Dubai government's strategy to establish itself as a hub for Islamic banking.