Ruling Prince of Liechtenstein, Hans-Adam II, visited the Dubai International Financial Centre (DIFC) earlier this week to discuss the strengthening of investment links between the DIFC and Liechtenstein.
Hans-Adam II was accompanied by a high-level 17 member delegation, including Alois, Hereditary Prince of Liechtenstein and Prince Philipp of Liechtenstein, Chairman of the LGT Group Foundation Board. LGT are the wealth management experts of the Princely House of Liechtenstein. Prince Max of Liechtenstein, CEO LGT Group and Ghayth Armanazi, LGT Advisory Board Middle East, were also among the delegation.
The purpose of the visit was to discuss the development of relations between the DIFC and the Principality of Liechtenstein, particularly with respect to LGT.
Liechtenstein has a population of 34,900 and is a member of the European Economic Area (EEA), enjoying free movement of services within the EU as well as economic, customs and monetary union with Switzerland. Key export countries include the USA, Switzerland, Germany, France, Italy, Hong Kong, Japan and Spain.
Liechtenstein is also a major banking and financial centre in Europe. It also offers liberal economic policies, an efficient banking system and strict banking secrecy.
LGT offers private and institutional clients a broad spectrum of wealth management services in four core areas: private banking; trust services; asset management and alternative investments. It is also a major financial investor with the Princely Portfolio.
Nasser Alshaali, Chief Executive Officer of the DIFC Authority, stated that: “We welcome His Serene Highness Hans-Adam II and his delegation to the DIFC and we look forward to a prosperous relationship between the DIFC and both the Principality of Liechtenstein and LGT."
"There are extensive business opportunities for these two major financial centres and we are keen to discuss these in further depth for the benefit of both Liechtenstein and Dubai," he concluded.
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