Dubai Chambers unveils plans for the future
Dubai Chambers has unveiled new plans to establish new country-specific business councils operating in Dubai, and to expand their functions to support ongoing efforts to increase non-oil foreign trade in Dubai and create new channels for economic cooperation between the emirate’s business communities and prospective markets around the world.
This was announced by H.E. Abdul Aziz Al Ghurair, Chairman of Dubai Chamber, who addressed more than 150 ambassadors, consuls general and commercial attachés at the Diplomatic Circle Dinner 2022.
The event was held at the Bulgari Hotel & Resort in Dubai in the presence of H.E. Juma Mohammed Al Qait, Assistant Undersecretary for International Trade Sector, UAE Ministry of Economy; Mohammad Ali Rashed Lutah, President and CEO, Dubai Chambers; and Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing (DCTCM).
H.E. Al Ghurair called on ambassadors and members of the UAE diplomatic community to support the establishment of several new business councils that will provide businesses in the UAE and abroad with the necessary platforms for networking, cooperation and mutually beneficial partnerships.
He said that Dubai Chambers would organise a special forum in 2023 to attract business council members as well as representatives from embassies, consulates and foreign trade and commercial missions operating in the UAE and invited participants to attend the event.
He briefed participants on important economic developments and a number of new initiatives and features introduced by Dubai Chambers in line with the new strategic priorities aimed at improving the business environment and enhancing Dubai’s economic competitiveness.
In addition, he thanked members of the diplomatic community for their vital support in facilitating events, trade delegations and other activities of Dubai Chambers in 2022, including participation in Expo 2020 Dubai, which, he said, contributed significantly to the success and achievements of the organisation.
In his special address, H.E. Juma Mohammed Al Qait, Assistant Undersecretary for International Trade Sector, UAE Ministry of Economy, detailed the UAE’s strategic plans to improve the regulatory framework, open up new export markets, introduce advanced technology and create an ideal ecosystem for talent and entrepreneurs.
He said the UAE was building a modern economy as a global hub for trade and foreign investment in line with the government’s goal to double the size of the economy from Dh1.4 trillion to Dh3 trillion by 2030. He stressed the importance of bilateral trade deals and comprehensive economic partnership agreements signed between the UAE and leading economies to accelerate trade, strengthen supply chains, create investment opportunities and spur innovation.
The Diplomatic Circle Dinner 2022 featured a panel discussion attended by H.E. Al Ghurair, Chairman of Dubai Chambers; H.E. Juma Mohammed Al Qait, Assistant Undersecretary for International Trade Sector, UAE Ministry of Economy; Mohammad Ali Rashed Lutah, President and CEO of Dubai Chambers and Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing (DCTCM).
During the discussion, participants shared their valuable insights and views on a wide range of important issues, including the cost of doing business in Dubai, the role of Comprehensive Economic Partnership Agreements in promoting trade and existing support for local and international companies, as well as new plans to optimise government services for companies in the UAE and abroad to improve the ease of doing business.
.@DubaiChambers has unveiled new plans to establish new country-specific business councils operating in #Dubai and expand their roles to support ongoing efforts to boost Dubai’s non-oil foreign tradehttps://t.co/iNyB7srRca pic.twitter.com/8IVlP7TKIq— Dubai Media Office (@DXBMediaOffice) November 27, 2022
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