His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, met in his office with the partner and co-president of KKR for the Europe, Middle East and Africa region and co-president of European infrastructure, Tara Davies.
During the meeting, the overall work of the leading global company in the field of private investment and credit management and its upcoming projects in the region, based on its offices in the Dubai International Financial Centre, was reviewed, and the various aspects of cooperation between the company and the UAE, and ways to improve them in light of the many capabilities and facilities that the country provides to its partners within Various economic sectors.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed the commitment of the UAE and Dubai to strengthening strategic partnerships with global financial and investment institutions, providing all guarantees to help them flourish, and creating various conditions that support the growth of their businesses, including a strong infrastructure and regulatory frameworks that enjoy flexibility and ability. To quickly keep pace with global changes.
His Highness pointed out Dubai’s keenness to strengthen cooperation with leading international financial companies, to achieve the goals of its ambitious economic agenda, especially in terms of consolidating its position as one of the four most important financial centers in the world by 2033. During the meeting, the growing role of the UAE as a gateway to rapidly growing emerging markets was discussed. In the Middle East, Asia and Africa region, and the opportunities that Dubai provides to the global business community in light of its economic goals for the next stage.
His Highness said in a blog post on the “X” website yesterday: “I met with Tara Davis, partner and co-chairman of KKR for the Europe, Middle East and Africa region, the leading global company in the field of private investment and credit management, and during the meeting we discussed the company’s work in the region and its projects.” “Coming.”
His Highness added: “We in the UAE and Dubai are committed to strengthening strategic partnerships with global financial institutions, supporting their prosperity and creating various conditions that support the growth of their businesses, in order to consolidate the UAE’s economic leadership and support the ambitious goals of the Dubai Economic Agenda, to strengthen its position as one of the four most important financial centers in the world by the year 2033.” ».
The meeting was attended by Minister of State for Financial Affairs, Mohammed bin Hadi Al Husseini, Minister of Sports, Dr. Ahmed bin Abdullah Belhoul Al Falasi, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Omar bin Sultan Al Olama, and Director General of the Department of Economy and Tourism in Dubai, Hilal Saeed Al Marri.
It is noteworthy that Kohlberg Kravis Roberts & Co (KKR & Co), one of the most prominent private equity and investment companies in the world, established an office in the Dubai International Financial Center in 2009, and the company’s business extends globally to include the fields of energy, infrastructure, real estate, and business strategies. Credit and hedge funds, and the value of the assets they manage is estimated at approximately $624 billion, as of September 30, 2024.
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