Businessmen seek DCCI help to enter new markets

Business leaders from Dubai have sought the Dubai Chamber of Commerce and Industry’s (DCCI) assistance to access new markets to enhance their competitiveness in the overseas business arena.

By Staff Report

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Published: Sat 15 Feb 2014, 10:43 PM

Last updated: Tue 7 Apr 2015, 10:15 PM

Returning from their successful visit to the fourth Dubai Hamburg Business Forum, the business leaders expressed their satisfaction with the selection of Hamburg, which is a highly industrialised city, and urged the chamber to further assist them in entering promising business destinations including South Korea, Brazil, Argentina, the US, South Africa and the African continent.

Hisham Al Shirawi, second vice chairman, Dubai Chamber, who headed the delegation to Hamburg, was impressed by the response to Dubai’s trade mission and the queries that were raised on Dubai’s winning and preparations for Expo 2020. He said that the mission achieved its objectives of exploring joint cooperation with the Germans, while informing them about the lucrative investment opportunities available in Dubai.

The Dubai Chamber will continue its expansion strategy to explore new markets for its members. — Wam

Al Shirawi further stressed that the Hamburg Chamber in coordination with Dubai Chamber will soon send a trade mission to the emirate to see up-and-close the business opportunities arising from the hosting of Expo 2020, which has boosted investor confidence in Dubai as a global business destination. The mission also allowed the chamber to promote the emirate’s cutting-edge investment environment.

Hamad Buamim, president and CEO of the Dubai Chamber, stated that the forum opened up a floodgate of opportunities for bilateral cooperation between the business communities of Dubai and Hamburg, in light of the cooperation covering broader areas of tourism, logistics, maritime and green cities. He added that the fruits of this cooperation, which began to show with the hosting of the first session of the Dubai Hamburg Business Forum in 2007 in the emirate, has led to the Mayor of Hamburg willing to establish the twinning of the two cities.

Buamim also informed that the chamber will continue its expansion strategy to explore new markets for its members, and enhance the competitiveness of Dubai’s business community in the overseas markets. He added that the next step for the chamber is the opening of representative offices in China, Sao Paulo, Brazil and a few African markets as these offer ample opportunities for Dubai businesses to expand their global trade activities.

Ibrahim Al Janahi, deputy CEO of Jafza and Economic Zones World, said that Germany is one of the top targeted countries for Jafza to attract investment from and is the second largest European country that has a strong presence in Jafza. He added that there are currently 250 companies, including a large number enlisted on the ‘Fortune 500’ list, operating in Jafza.

Janahi also pointed out how Dubai’s winning of Expo 2020 has helped to attract more companies to Jafza in light of the enquiries from international companies looking for a foothold in Dubai and Jafza in the coming days. He also lauded the role of the Dubai Chamber in providing access to Dubai companies to promising markets of the world, as he proposed the Chamber to help Dubai companies enter the markets of industrialised nations offering ample investment opportunities.

— rohma@khaleejtimes.com


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