The advisory board of the newly formed Dubai International Chamber, one of the three chambers under the umbrella of the newly formed Dubai Chambers, held its first meeting earlier today at Expo 2020 Dubai, where board members outlined strategic priorities and targets aimed at boosting Dubai’s trade with global markets.
The meeting was chaired by His Excellency Sultan bin Sulayem, Chairman of the Board of Directors of Dubai International Chamber, in the presence of board members H.E. Helal Saeed Al Marri; Vice Chairman of the board and other board members, in addition to H.E. Hamad Buamim, President & CEO, of Dubai Chamber.
Among the Chamber’s new priorities and targets are attracting 50 multinational companies to Dubai, supporting 100 Dubai-based companies with international expansion over the next two years, as well as encouraging multinational companies to list on the Dubai Financial Market.
The Chamber has identified 30 target markets where it sees the most potential to boost Dubai's foreign trade. Advisory board members discussed the possibility of opening of two additional Dubai Chamber international offices in South Asia and North Africa and organising roadshows to various markets in priority markets.
HE Bin Sulayem stated that Dubai International Chamber is committed to implementing the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen Dubai's position as a preferred trade and investment market in the global arena. He noted that Dubai International Chamber will outline future steps in supporting foreign trade, attracting multinational companies and helping companies expand abroad.
In addition, HE Bin Sulayem stressed the importance of supply chains in facilitating and boosting Dubai’s foreign trade plans, and highlighted the need to harness the potential of companies in this sector and enhance the emirate’s position as a global trade hub.
For his part, HE Al-Marri said the new strategy would help Dubai attracted specialised talent and investment to the logistics, supply chain, technology and emerging sectors in particular. He pointed out that Dubai was a pioneer in attracting top talent from around the world who have enhanced the emirate’s competitiveness.
HE Buamim noted that the Chamber is well positioned to tap into new trade and investment opportunities emerging across the 30 target markets as it maintains a strong global presence through its 11 representative offices located across Africa, Eurasia and Latin America. He elaborated on new ways the Chamber can utilise these offices to help Dubai-based companies expand their businesses beyond borders and attract leading multinational companies from around the world.
Dubai Chamber’s President & CEO said the meeting was an opportunity for advisory board members to share recommendations for top priorities and targets that will form Dubai International Chamber’s new strategy, adding that Expo 2020 Dubai was an ideal platform to host such a discussion as a mega event showcasing economic potential of 192 countries.
Dubai International Chamber was established to strengthen partnerships with global corporations, investors and entrepreneurs and boost Dubai’s status as a major trade hub. Adopting a more specialised approach to driving Dubai’s foreign trade, the chamber promotes opportunities that the emirate offers in facilitating trade flows.
The Chamber was established under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, as part of a recent government restructuring that aims to drive a comprehensive economic development in Dubai.
Source: Dubai Chamber