Dubai’s entities discuss means to strengthen private sector

Dubai Customs and Dubai Chambers discussed cooperation to support businesses and the private sector and enhance the emirate’s competitiveness following Dubai’s strategic plans and vision.

These were the highlights of the meeting between Ahmed Mahboob Musabih, Director-General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation and Dubai Chambers’ delegation headed by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers at Dubai Customs main building.

The two sides discussed their shared plans and strategies, including the electronic integration of services and the development of new services to consolidate Dubai’s position as a major global economic hub in the next ten years and empower the new generation of Dubai traders in different sectors and support their expansion plans.

Dubai Customs and Dubai Chambers had previously signed a Memorandum of Understanding on integrating the risk engine related to documents of origin and the ATA Carnet.

“We spare no effort to foster our partnerships with local and external entities, business groups and the private sector as part of the emirate’s vision of doubling external trade to Dhs25 trillion in the next decade, adding 400 new cities to Dubai’s network, and attracting more investments,” Musabih said. “Dubai Customs provides advanced services to streamline procedures and grow RoI for businesses.”

“We are happy with this meeting with Mohammad Ali Rashed Lootah and the Dubai Chambers’ delegation. We have discussed important topics to push our partnership towards more sustainable development and economic prosperity in Dubai,” he added. For his part, Lootah highlighted the significance of the strategic partnership with Dubai Customs, describing it as a model to be followed in reinforcing Dubai and the private sector’s competitiveness, supporting companies in the emirate in their expansion efforts and delving into new markets.

He added, “Dubai Chambers is committed to achieving a number of strategic objectives to serve the private sector and enhance the emirate’s position as a preferred global hub for business.

This includes opening new offices in promising global markets to support development plans and Dubai’s external trade. Our continuous dialogues and meetings with Dubai Customs are fruitful and essential within our common goal to augment the business environment, attract global firms and investments, support the digital economy and facilitate Dubai companies’ global expansion.” Dubai Customs (DC), in partnership with the Dubai Digital Authority, has recently unveiled the Early Cargo Targeting System to enhance security measures and combat illegal trade.

Sultan Ahmed Bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation (PCFC), said this system is the first of its kind in the country and aims to support trade in Dubai and the UAE, contributing to the objectives of the Dubai Economic Agenda D33.