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DIFC Governor hosts ASEAN finance ministers

  • United Arab Emirates: Wednesday, October 08 - 2008 at 16:18
  • PRESS RELEASE

His Excellency Dr. Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), yesterday hosted a reception to welcome influential delegates from member countries of the Association of Southeast Asian Nations (ASEAN), who are in Dubai for the fifth annual ASEAN Finance Ministers Investor Seminar.

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  • HE Dr Omar Bin Sulaiman presenting a miniature of "The Gate" to HE Dr. Sri Mulyani Indrawati Minister of Finance - Indonesia.
    HE Dr Omar Bin Sulaiman presenting a miniature of "The Gate" to HE Dr. Sri Mulyani Indrawati Minister of Finance - Indonesia.
Speaking at the reception, HE Dr Omar Bin Sulaiman said:
"As the UAE economy continues to experience rapid growth and expansion, Dubai is committed to forging and developing strong economic and investment relations with all of the world's major business hubs. The ASEAN Finance Ministers Investor Seminar offers a unique platform for representatives from the Gulf region and Southeast Asia to network and explore the extensive business opportunities that exist in these fast growing regions."


"Hosting this prestigious seminar for the very first time in Dubai reflects the importance of the Emirate as a major global hub for business and finance," he added.

Following a welcoming address from HE Dr. Omar Bin Sulaiman, delegates at the reception were given a brief presentation on the history of the DIFC by Abdulla Al Awar, Managing Director of the DIFC Authority.

This ASEAN Finance Ministers Investor Seminar, being held for the first time in Dubai at the Raffles hotel, was entitled "Dynamic Asean: Dependable Partners for Sustaining Growth", and offered access to policy makers from member countries of ASEAN, which include Singapore, Indonesia, Malaysia, Philippines, Thailand, Brunei Darussalam, Vietnam, Cambodia, Myanmar and Lao PDR.

Ministers present at the reception included Dr. Sri Mulyani Indrawati Minister of Finance - Indonesia; H.E. Mr. Kong Vibol First Secretary of State - Cambodia; Suparat Kawatkul Permanent Secretary for Finance - Thailand; H.E Tan Sri Nor Mohamed Yakcop Minister of Finance II - Malaysia; His Excellency Dato Paduka Haji Ali Bin Apong, Permanent Secretary, Ministry of Finance - Government of Brunei Darussalam; Tharman Shanmugaratnam Minister for Finance - Republic of Singapore; Somdy Douangdy Minister of Finance - Lao People's Democratic Republic; Ninh Vu Van Minister of Finance - Socialist Republic of Vietnam and Margarito B. Teves Secretary of Finance - Republic of the Philippines. Key representatives from the DIFC were also present at the event.
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Notes and media contacts

About the DIFC:

The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.

In just three years, over 700 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100% foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

For further information, kindly contact:

Amira Abdulla
Director- Regional Public Relations
Dubai International Financial Centre
Tel: +971 4 362 2433
Fax: +971 4 3622236
P.O. Box 74777, Dubai, UAE

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