Operating in a number of jurisdictions, Hawksford is pushing ahead into its business links in the UAE, joining a trend of other international firms that have done so.
In an exciting development for the Gulf region, global service provider Hawksford has officially been appointed as a provider at the Dubai Multi Commodities Centre (DMCC). This appointment is a significant step in Hawksford’s ongoing efforts to expand its business connections within the UAE, aligning with a broader trend of international firms eyeing opportunities in this dynamic market.
Headquartered in Jersey, Hawksford has earned the designation of an “approved international service provider” (ISP). This status will allow the firm to collaborate closely with the DMCC to promote corporate registrations, develop business expansion strategies, and attract foreign direct investment into Dubai. This partnership highlights Dubai’s position as a prime hub for business and trade in the region.
The collaboration between Hawksford and DMCC goes beyond just regional growth. By leveraging its teams in the UK and Singapore, Hawksford aims to enhance trade flows across the UK-GCC-ASEAN corridor. This multi-regional approach is rooted in an understanding of the interconnectedness of global markets, making it easier for businesses to thrive across borders.
The DMCC, renowned for its diverse ecosystem, currently hosts more than 25,000 companies from various sectors, including commodities, technology, sustainability, and professional services. This thriving business environment is a testament to Dubai’s appeal as a destination for international business and investment.
This latest agreement comes just over a year after Hawksford established its office in Dubai, which serves as the headquarters for its global solutions team. The opening of this office was a strategic move that demonstrated Hawksford’s commitment to supporting clients navigating the intricate landscape of business in the UAE.
Tommaso Barindelli, Hawksford’s head of business development in Dubai, expressed enthusiasm about the company’s new role. “We are one of only a select few ISPs to be approved through an agreement with the DMCC, reaffirming our strategic commitment to the Gulf Cooperation Council (GCC) and positioning us perfectly to strengthen our support as a trusted partner for SMEs and businesses from the UK and Southeast Asia looking to expand into the UAE,” he noted.
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The recent influx of businesses setting up operations in Dubai and neighboring Abu Dhabi reflects the rising demand for wealth management and advisory services. Companies like Hamilton Lane, a private markets investment management firm, have recently opened offices to better serve regional clients. Similarly, Rothschild & Co inaugurated a new office in Dubai to cater to ultra-high-net-worth families, entrepreneurs, charities, and foundations.
With a presence in major cities such as London, Belfast, Milan, Jersey, Mauritius, Dublin, Amsterdam, the Netherlands, and now Dubai, Hawksford is positioned to harness this growing market. This strategic expansion underscores the firm’s dedication to offering tailored solutions in multiple jurisdictions, establishing itself as a key player in the global service provider arena.
