Dubai Global strengthens the emirate’s position as one of the world’s best business centres
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Council, has announced the launch of ‘Dubai Global’, an initiative to establish 50 integrated commercial offices in Dubai across five continents worldwide over the next few years. The initiative aims to strengthen Dubai’s position as one of the world’s best business centres, in addition to supporting companies based in Dubai by providing them with logistical support to expand their operations into more than 30 promising markets.
His Highness Sheikh Hamdan bin Mohammed said: “Our aim is to globalise our national companies, attract global investment and add new markets to our global business lines. Our aim is to open up 30 new markets, attract thousands of investors and create the world’s best economic environment.”
The Dubai Global initiative is based on the launch of an extensive network of 50 Dubai commercial offices around the world. The network will operate as part of Dubai Chambers and in partnership with several Dubai government and semi-government entities. The initiative aims to attract investment, talent and new business to Dubai, as well as support Dubai businesses in exploring economic and commercial opportunities in 30 new global markets.
The commercial offices will provide specialised services, such as market research, including detailed information on each market, how it works, and legislative and procedural aspects, to help companies make the right decisions.
The representative offices will also provide start-up and start-up services, including logistical support and detailed information on commercial globalisation, to “globalise” Dubai-based companies and help them expand into new markets.
The new initiative aims to develop ways to diversify trade by developing exclusive research into economic and commercial opportunities in many vital markets, as well as to establish and maintain strong local and regional business linkages. In addition, it aims to create cross-border business opportunities by organising business meetings, corporate and government meetings as well as global and regional events such as international business forums. Offices also aim to attract more investment, talent and companies to Dubai.
By implementing an advanced trade diversification strategy and targeting new markets, this extensive new network will contribute to the sustainability of economic growth in Dubai and the competitiveness and flexibility of the emirate’s commercial sector. The offices will also work through different channels and global partners to enhance the competitiveness of Dubai’s foreign trade.
These efforts strengthen the commercial sector as a key pillar of Dubai’s economy, supporting export and re-export operations and helping Dubai’s business community reach out to promising markets.
The network of offices will be responsible for collaborating with a large group of specialised international companies, enabling Dubai businesses to successfully expand into targeted overseas markets.
.@HamdanMohammed launches ‘#Dubai Global’ initiative to enhance emirate’s position as one of the best business hubs globallyhttps://t.co/VQx2jQFBzN pic.twitter.com/E4ZMi39BqO
— Dubai Media Office (@DXBMediaOffice) June 28, 2022
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