Jersey Finance, a non-profit organisation semi-funded by Jersey's government, is hoping to create strong working relationships in the Middle East by opening new offices in the UAE.
They are set to open offices in Abu Dhabi, and also in India's Mumbai, to create more foreign investment and also to strengthen links between Jersey's offshore customers who live and work in the UAE.
The offices will also create new jobs for expats in those countries.
Geoff Cook, chief executive of Jersey Finance said: "Jersey Finance is to open a third representative office in the Middle East and India. We have learnt from having an office in Hong Kong for the last year that it is essential to have a physical presence in order to build market awareness in our key emerging markets, which has already resulted in real tangible benefits for the Island and increased business flows. “
He also commented on the lack of fortune currently evident in the west: “Things have been flatter in the European and US economies recently, and while we want to continue nurturing our traditional markets, we also want to develop profitable relationships with newer economies.”