It emerged last week that Jersey Finance is organising a third annual visit to the Gulf region by a high level delegation of politicians and finance industry representatives.
The delegation, led by Senator Frank Walker, Jersey's most senior politician, will visit the region between Saturday, 20th November and Monday, 29th November, in order to follow up on previous visits which took place in October 2002 and October 2003.
According to Jersey Finance, the visit will begin in Abu Dhabi, capital of the United Arab Emirates, move on to Dubai, the UAE's commercial centre, and will end formally in Bahrain. Although not part of the formal visit, Jersey Finance representatives will then travel on to Qatar at the invitation of the Qatari Minister for Economy & Commerce for a series of one-to-one meetings.
At each location, there will be a formal Jersey Finance Presentation and Reception to which finance and legal professionals will be invited to meet Jersey's delegation and to discuss business opportunities. Senator Walker and other leading members of the delegation will also meet with senior Government officials in each location, to discuss the future development of bilateral links for their respective industries.
Speaking with regard to the forthcoming visit, Jersey Finance chief executive, Phil Austin explained that:
"Solid contacts have been established during our two previous visits to the Gulf region and we are keen to build on these. With the experience of earlier visits behind us, we have in place a comprehensive database of organisations and professionals in each location who have a specific interest in the financial services available from Jersey."
He went on to add that:
"We hope to focus primarily on fostering strong relationships with the financial intermediaries in the region. Professionals in the Gulf are keen to learn more about the wealth management opportunities available to private clients, whilst the proposed changes to our trust law will also be of interest."
"We also welcome the opportunity to discuss with senior Government officials in each location the further development of their financial and economic relationships with Jersey."
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