Luxembourg Expects Large Investments in 2012, Strengthens Ties with Dubai

Luxembourg officials recently shared that the country plans to draw significant investments from the Gulf region and the UAE.

“Europe has its share of crises. It is enormous in nature, but it is too early to write it off as an investment destination. The continent has huge investment opportunities. I am sure a number of investors from the Gulf region will be keen to invest in Europe,” explained Luxembourg’s minister of finance Luc Frieden.

Yesterday, officials met at the ‘Dubai and Luxembourg: A Partnership for Financial Services Forum’ to discuss a potential relationship between the Dubai International Financial Centre and Luxembourg for Finance.

Frieden said: “Luxembourg is a diversified financial center that is finely adapted to the needs of international clients, characteristics that are also true of the DIFC. As complementary regional financial centers, we look forward to developing ever closer ties in years to come.”

“With the new regulations, it is important that we continue supporting not only DIFC-based firms, but also those in the UAE and wider GCC by expanding the range of financial services and products available to them, especially in the current economic environment. I’m confident of DIFC’s ability to respond swiftly to the changing and evolving regulations and look forward to developing today’s discussion into real business opportunities,” said DIFC Authority’s CEO.

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