Dubai International Chamber further enhances its presence in Asia

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has enhanced its growing presence in Asia with the official launch of a new international representative office in Japan. Located in Tokyo, the office further strengthens the emirate’s robust economic relationship with Japan and will facilitate the growth of business, trade, and investments between the two markets.The office was officially inaugurated yesterday evening during a special ceremony in Tokyo with the participation of Mr. Ishii Taku, Parliamentary Vice-Minister of Economy, Trade, and Industry; H.E. Shihab Al Faheem, the Ambassador of the United Arab Emirates to Japan; and Salem Al Shamsi, Vice President of Global Markets at Dubai Chambers, together with distinguished representatives of the Japanese business community.The Tokyo office is the Chamber’s 27th representative office globally and was launched as part of the ‘Dubai Global’ initiative, which seeks to attract new business, investment, and talent to the emirate while enabling Dubai-based companies to expand into priority international markets. Launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, Dubai Global aims to establish a powerful network of 50 representative offices around the world by 2030.Commenting on the significance of the launch, H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “Establishing a presence in Japan represents a significant step in our global expansion strategy and will further strengthen our shared economic ties. This move not only builds on the progress we have achieved through our international representative offices across the five continents, but it also creates an essential platform to build cross-border partnerships with one of the world’s most sophisticated economies.”The Tokyo office will serve to enhance and diversify the economic relationship between Dubai and Japan, exploring exciting opportunities in various priority sectors. The Dubai International Chamber team will provide on-ground support to members of the Japanese business community interested in doing business in Dubai, as well as build strong relationships with key public and private sector stakeholders.The new office will showcase Dubai’s competitive advantages and share investment intelligence to support Japanese companies seeking to enter Dubai and expand internationally through the emirate, connecting businesses in both markets with trusted stakeholders and potential partners.Japan was ranked as Dubai’s seventh-largest trading partner globally last year, with the value of bilateral non-oil trade between the two markets reaching a total of AED 38.8 billion (US$ 10.5 billion) in 2022. A total of 74 new Japanese companies registered as members of Dubai Chamber of Commerce during the first eight months of 2023. This represents an impressive YoY growth of 222% compared to the same period in 2022, underlining Dubai’s growing connections with the business community in Japan.Dubai’s strategic location and world-class logistics facilities have established the emirate as a preferred trade hub for Japanese companies with global ambitions. Offering easy access to over 2.2 billion consumers, the emirate serves as a gateway for businesses in Japan and the wider East Asian region looking to expand their international footprints.

Dubai International Chamber arranges 172 B2B meetings with Chinese MNCs

Dubai: Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully hosted a B2B matchmaking event during the Wuxi – Dubai Economic & Trade Exchange Conference to explore business and investment opportunities between Dubai and Wuxi City.Organised in partnership with the Wuxi Municipal Government and Wuxi National High-Tech Industrial Development Zone, the event welcomed a high-level government delegation led by Mr. Du Xiaogang, Secretary of Wuxi Municipal Committee of the Communist Party, to Dubai with the goal of strengthening economic cooperation between the emirate and Wuxi City, which is located in East China’s southern Jiangsu Province.A total of 13 Chinese multinational companies specialising in areas including advanced technology, biomedical and healthcare equipment, the Internet of Things (IoT), Information and Communications Technology, microelectronics, and renewable energy took part in 172 B2B meetings with 38 local companies during the event, which were facilitated by Dubai International Chamber to highlight the emirate’s attractive business environment and support the expansion of Dubai-based companies into the Chinese market.Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “China has consistently ranked as the UAE’s biggest trading partner, and we are keen to expand these deeply rooted trade and investment ties further in the country’s eastern region. With its comprehensive logistics infrastructure and strategic location along the New Silk Road, Dubai serves as a convenient gateway to the MENA markets, enabling leading Chinese companies to seize opportunities and thrive in a rapidly evolving global landscape. The dedicated teams at our international representative offices in Shanghai, Shenzhen, and Hong Kong will continue to work to attract many more innovative Chinese companies to Dubai, including those in Wuxi.”

Dubai International Chamber attracts six multinational companies

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has announced details of several notable achievements during the first six months of 2023 in attracting foreign direct investment and supporting chamber members in their efforts to expand into global markets.The chamber succeeded in attracting a total of 56 businesses to the emirate during H1 2023, including six multinational corporations and 50 Small and Medium-sized Enterprises (SMEs). It also supported the expansion of 15 local and national companies into global markets, either by increasing their exports or helping them to establish a presence abroad.During the first half of the year, Dubai International Chamber inaugurated six new international representative offices in Hong Kong, Australia, the United Kingdom, Indonesia, South Africa, and Singapore. The openings brought the total number of international offices at the end of H1 2023 to 21, located across Africa, Latin America, Eurasia, India, China, Europe, Southeast Asia and the Middle East.The new offices come as part of the drive to achieve the goals of the Dubai Global initiative, which was launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai. Led by Dubai International Chamber, the initiative seeks to establish a powerful network of 50 representative offices for Dubai across five continents by 2030.Sultan Ahmed bin Sulayem, Chairman of Dubai International Chamber, commented: “We remain committed to achieving our strategic priorities of attracting foreign direct investment to Dubai and supporting our members' trade and expansion into international markets, in line with the objectives of the Dubai Economic Agenda (D33). Dubai International Chamber is working to consolidate the emirate’s position as a leading global hub for business and investments in accordance with the vision of the wise leadership.”"Dubai is one of the world’s fastest-growing economies and offers a diverse business environment that is rich in opportunities across various sectors. We will continue to work to attract international businesses, investors, and global talent to the emirate, as well as supporting the expansion of Dubai businesses around the world,” he added.Dubai International Chamber intensified its efforts to support Dubai-based companies in their plans for global expansion with the launch of the ‘New Horizons’ initiative. Aimed at identifying and capitalising on partnership opportunities, the initiative arranges specialised trade missions that enable Dubai-based companies to visit targeted global markets. Participants in these roadshows can explore investment opportunities and prospects for joint economic partnerships through a series of pre-arranged events and business meetings.The chamber successfully arranged more than 550 bilateral business meetings during H1 2023 as part of the New Horizons initiative, connecting companies and investors from Dubai with their counterparts in Central Asia, London, and South Africa.Dubai International Chamber is focused on boosting Dubai’s status as a major global trading hub. The chamber supports Dubai’s vision of expanding into new global markets, forging economic partnerships, and supporting local companies in achieving global success, while also attracting international talent and investors from around the world. Dubai International Chamber is targeting 30 international markets of strategic importance to Dubai through its growing network of international representative offices.

Dubai International Chamber launches New Horizons Trade Mission to Central Asia

Dubai International Chamber, one of the three Chambers operating under Dubai Chamber, launched today “New Horizons”, a new initiative to drive international expansion of its members to new markets.'New Horizons' allows companies to join roadshows to gain first-hand knowledge of how to establish and do business in various select countries and priority markets.The first in a series of ‘New Horizons’ events will see a large delegation of Dubai business leaders heading to Central Asia between 14 – 21 March, 2023, to better understand and explore business opportunities in Uzbekistan, Kazakhstan and Kyrgyzstan.The delegation, headed by Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, will feature 26 Dubai-based companies representing 16 sectors. The delegates gathered today at Dubai Chambers headquarters for a pre-Trade Mission briefing, during which details of the trip, and further information on the economic outlook of the three nations was revealed.New Horizons builds on the ‘In Focus’ scheme. Both initiatives aim to assist in driving members’ international expansion while supporting Dubai’s plan toincrease the emirate’s foreign trade to AED2 trillion by 2026. One of the Chamber's key objectives is to support 100 businesses to expand globally within the next two years.'In Focus' events, held in Dubai, aim to connect Dubai businesses with public and private sector leaders of select countries to drive their interest in those regions as potential destinations for international business expansion and guide them through every stage of their international growth journey. The first In Focus event was held in December 2022 and put Central Asia market under the spotlight.Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: "The In Focus and New Horizon initiatives reflect our ongoing efforts to connect our members to new opportunities for business growth in priority markets worldwide. Through the events in Dubai and in the market or country in focus, we aim to encourage domestic businesses to build an international presence, while promoting Dubai as a thriving global investment hub and encouraging FDI and new partnerships from the markets we visit."Lootah added that the upcoming Trade Mission will provide the participating business leaders from Dubai with insight, information, and guidance on exporting to or investing in Central Asia. “We will soon embark on this exciting Trade Mission which includes local expert talks, pre-arranged business matching activities, networking meetings and site visits to industrial and economic zones, alongside cultural and engagement activities. New Horizons to Central Asia will enable us all to engage in focused and meaningful discussions with decision makers from the government and private sectors in Uzbekistan, Kazakhstan and Kyrgyzstan,” he added.In the three nations, the largest contributors to GDP include manufacturing, trade, transport, agriculture and construction. UAE exports to these Central Asian nations include electronics, vehicles, machinery and tobacco. Central Asia is already an important market for Dubai: in 2021, Dubai’s non-oil trade with the three countries reached US$2.4 billion.The trip offers the chance for companies in a variety of sectors to seek out trading partners and develop new bilateral trade agreements. Several opportunities exist for Dubai-based businesses in areas including agriculture, metallurgy, tourism and construction.The Trade Mission is a golden opportunity to engage with both public and private sector leaders to promote cross-border partnerships and drive mutual business growth. The eight-day roadshow takes in four cities: Tashkent, Uzbekistan; Astana and Almaty, Kazakhstan; and Bishkek in Kyrgyzstan.Dubai Chambers is committed to supporting its members to globally expand into strategic markets across the world as well as attract foreign investments and international companies – including those from Central Asia - to the emirate and enhance Dubai’s reputation as a global business and trade hub.