Dubai International Chamber to attract more business, investment
- Last updated: December 12, 2022 | 18:00
Dubai International Chamber, one of the three chambers operating under Dubai Chambers, on Monday announced the opening of three new international representative offices in Egypt, Israel and Turkey, based in Cairo, Tel Aviv and Istanbul, respectively.
The Cairo office was officially inaugurated on Monday at a special ceremony in the presence of Mariam Khalifa Al Kaabi, UAE Ambassador to Egypt; Omar Khan, Executive Director, International Offices at Dubai International Chamber; and a number of high-profile Emirati and Egyptian business leaders.
The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital tomorrow (Tuesday, 13th December) while the Istanbul office will follow on Wednesday, 14th December.
The new openings support Dubai Chambers’ strategic goals to attract international business and investment to Dubai and to drive global expansion of its members.
They are in line with the ‘Dubai Global’ initiative launched by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to establish 50 representative offices for Dubai in five continents by 2030.
”Dubai Global” aims to attract foreign MNCs, SMEs, investors, and international talent to Dubai by showcasing the emirate’s competitive advantages, sharing investment intelligence, and engaging with overseas stakeholders. Supported by strategic public and private sector partners, Dubai Global accelerates efforts to boost Dubai’s non-oil foreign trade from Dhs1.4 trillion to Dhs2 trillion by 2026, as part of the emirate’s five-year foreign trade plan. Commenting on the inauguration of the new offices, Hassan Al Hashemi, Vice President International Relations, Dubai Chambers, said, “We are delighted to announce the addition of three new bases in Egypt, Israel and Turkey to our global network of international representation offices. Dubai Chambers continues to lead the Dubai business community’s efforts to strengthen avenues of trade and economic cooperation between the UAE and regional markets, and our new offices in Egypt, Israel and Turkey will help expand Dubai companies’ access to the growing markets while attracting inward investment from these countries into Dubai.”
The new openings bring the number of Dubai International Chamber’s representative offices around the world to 15. The Chamber already has representative offices across Africa, Latin America, Eurasia, India, and China.
International offices have a dual mission of supporting and guiding Dubai companies through every stage of their international expansion journey, from market intelligence and business introductions to company set-up, and create new mechanisms to attract FDI from key markets of strategic importance to Dubai, promoting the emirate as a preferred business hub and gateway to access emerging markets.