Chamber to boost UAE, S. Africa ties

Chamber to boost UAE, S. Africa ties

Dubai - Non-oil trade between Dubai and South Africa reached to Dh8.4 billion in 2015.

By Staff Report

Published: Tue 10 May 2016, 6:01 PM

Last updated: Wed 11 May 2016, 12:02 AM

The Dubai Chamber of Commerce and Industry during its recent meetings held in Johannesburg called upon the public and private sectors of the country to support enhancement of UAE investments into the South African market.
During its trade mission, the Dubai Chamber urged its trading partners from public and private sectors, as well as the South African chambers of commerce, to coordinate efforts to achieve the common interests and to work towards stimulating economic partnerships between the business communities in Dubai and South Africa.
During his speech on the sidelines of the panel discussion with the public sector, Majid Saif Al Ghurair, chairman of the Dubai Chamber, stated that the main objective of the delegation is to find solutions to challenges that Dubai's business community might face in their investments to South Africa and to work towards enhancing trade cooperation between the two sides.
"Our very presence here is to get precise and accurate information about the methods and procedures for doing business in South Africa and to understand the prevailing laws and regulations pertaining to taxes, arable land ownership, money movement and to find out the most important investment sectors as well as to support reciprocal trade flow between the two countries," said Al Ghurair.
The chairman stated that South Africa ranked 33rd on the list of Dubai's trading partners, with non-oil trade between Dubai and South Africa in 2015 reaching to Dh8.4 billion ($2.3 billion) up from Dh5.5 billion in 2010. -

More news from Business