HSBC has officially opened its new Middle East headquarters, a $250m investment in Downtown Dubai which boasts 236,000 sq ft of workspace to house 3,000 employees.
HSBC Tower accommodates innovation labs, a university, training studios and collaboration hubs. It also includes a gym, studio space for yoga classes, a reflection room, an outdoor terrace and a number of coffee shops and restaurants.
One of the most technologically-advanced in the HSBC Group, the headquarters has secured a Gold Standard for Leadership in Energy and Environmental Design (LEED) from the Green Building Council, making it one of the world's most sustainable buildings.
It was inaugurated by Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, the chairman of the Mohammed Bin Rashid Al Maktoum Knowledge Foundation in the presence of HSBC Group CEO John Flint and other senior government representatives and bank officials, HSBC said in a statement.
"Whether that's reinventing customer experience, creating a more agile working environment, promoting smart, efficient and sustainable ways of doing business, and innovating to deliver products and services that meet constantly evolving market needs, this building helps make it all possible," said Abdulfattah Sharaf, chief executive of HSBC UAE and head of international of HSBC Bank Middle East.
He said since opening its first branch in Dubai in 1946 - the very first bank in what subsequently became the UAE - HSBC has played a significant role in the country's economic and social development.
HSBC Group chief executive, John Flint, said: "In our global strategy announced in June 2018 we identified the UAE as one of our eight scale markets including Hong Kong and the UK.
"Markets like the UAE represent HSBC's future, where we want to invest and grow, bringing more of HSBC to more people because we see opportunity here, not just for us, but for our customers all over the world. We firmly believe the economic miracle that we've seen here is just the start of something much, much bigger," Flint added.
Globally, HSBC has unveiled plans to invest $15-17bn between now and 2020 in a new push for growth, with technology one of its primary focuses.