Maktoum bin Mohammed meets the Chairman of the Board of Directors and CEO of the company "Eldridge Industries" Global
DUBAI, 30th October, 2018 (WAM) – His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, met today, Thursday, at the Dubai International Financial Center, with Todd Buhle, founder, Chairman and CEO of Eldridge Industries, a leading global asset management and insurance company.
The meeting discussed opportunities for cooperation in the fields of investment, media, new technologies and sports, in addition to reviewing the possibilities of developing strategic partnerships that support the investment environment in Dubai and contribute to achieving the goals of the Dubai Economic Agenda D33, which aims to double the size of the emirate’s economy and consolidate its position among the three most important economic cities in the world.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed that Dubai is moving forward in consolidating its position as a premier destination for global investment, through a flexible economic environment and an advanced legislative structure that supports transparency and stimulates growth in various vital sectors, stressing that the emirate is working to provide all the elements that ensure the ease of establishing and expanding businesses, and provides a stimulating environment for innovation and entrepreneurship.
His Highness pointed out that Dubai is not satisfied with attracting investments only, but seeks to build sustainable strategic partnerships with leading international companies, with the aim of creating real economic value that supports comprehensive development goals, and enhances the emirate’s position as an advanced global economic center, characterized by flexibility and high competitiveness.
His Highness the First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, expressed his welcome to the international companies that share Dubai’s visions in developing the new economy sectors, whether in media, sports, or innovative technologies, considering these sectors as among the most important engines of sustainable growth and basic pillars of the future economy, which contributes to diversifying sources of national income and strengthening Dubai’s position on the global economic map.
For his part, Todd Bohle expressed his appreciation for Dubai’s distinguished global position in attracting investments and adopting innovation, stressing Eldridge Industries’ interest in expanding its presence in the region through Dubai, which has become a global economic center and an ideal destination for expansion in the finance, media, entertainment and sports sectors.
Buhli pointed out that the company manages assets exceeding $70 billion US dollars through its two arms, Eldridge Capital Management and Eldridge Wealth Solutions, and has more than 5,000 employees. It has investments in more than 100 operating companies around the world, including the media, entertainment, financial technology, insurance, and sports sectors. Its portfolio also includes prominent media and entertainment companies, in addition to its ownership of a number of international sports clubs such as Chelsea Football Club. The Los Angeles Dodgers for baseball, and the Los Angeles Lakers for basketball.
The meeting was attended by His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, His Excellency Helal Saeed Al Marri, Director General of the Department of Economy and Tourism in Dubai, and His Excellency Issa Kazim, Governor of the Dubai International Financial Centre.
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