Dubai to enhance competitiveness in the global investment landscape

Dubai Chambers has signed a strategic Memorandum of Understanding (MoU) with DP World. The agreement will enable the chambers to leverage DP World’s global network to establish and host international representative offices at the group’s facilities around the world in support of the Dubai Global initiative.

The agreement was signed at Dubai Chambers’ headquarters by Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Chairman of Dubai International Chamber.

The partnership aligns with the goals of the Dubai Global initiative launched by His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, which aims to establish 50 international representative offices around the world by 2030 to attract foreign direct investment, multinational companies, and global talent to the emirate.

The Dubai Global initiative is led by Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, which last year opened 16 new representative offices to expand its global network across South America, Europe, Africa, Central Asia, Southeast Asia, Australia, and the Middle East. The chamber is dedicated to supporting the expansion of local businesses seeking to extend their international reach and enter global markets.

Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, said: “Our cooperation will contribute to achieving the goals of the Dubai Global initiative and support our efforts to drive increased trade and investment in line with the Dubai Economic Agenda (D33). We look forward to continuing to activate partnerships with various stakeholders across the country to achieve the chambers’ strategic priorities and further enhance the emirate’s investment landscape, which continues to go from strength to strength.”

Commenting on the significance of the partnership, His Excellency Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World and Chairman of Dubai International Chamber, said: “This strategic partnership will help consolidate Dubai’s position as a leading global hub for trade and investment, and we are confident it will play a key role in increasing foreign trade flows to the emirate. The agreement will enable Dubai Chambers to benefit from our global presence and accelerate the growth of international trade and represents a model for effective cooperation among the business community that will drive inward investment, advance economic growth, and boost the emirate’s global competitiveness.”

The combination of DP World’s global presence in 74 countries across six continents, and Dubai Chambers’ network of representative offices in 31 cities around the world is expected to significantly expand international market access and enhance the services both parties offer to local businesses. This vital partnership will connect Dubai-based companies with trusted stakeholders and potential partners in all corners of the globe that can help them access new markets, scale up their operations, and secure cross-border partnerships.

Dubai Chambers is the engine of Dubai’s economic development and business growth, and is committed to empowering the local business community, building and reinforcing international partnerships, accelerating the digital economy and cementing Dubai’s reputation as a leading global hub for business, trade, and investment.

DP World is a Dubai-based Emirati multinational logistics company specialising in cargo logistics, port terminal operations, maritime services, and free trade zones. The company is a leading provider of smart logistics solutions and contributes to enabling the seamless flow of trade across the globe. With a comprehensive range of products and services covering every link of the integrated supply chain, DP World deploys industry-leading technology to create the smartest, most efficient and innovative trade solutions, while ensuring a positive and sustainable impact on economies, communities, and the planet.

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chambers and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers.