Dubai Chambers efficiently hosted the newest version of its In Focus sequence of occasions to advertise worldwide commerce at the moment on the chambers’ headquarters, enabling members to realize a deeper understanding of enterprise alternatives throughout Africa.
“In Focus” is a platform for Dubai companies and member corporations to have interaction with private and non-private sector leaders in chosen markets to advertise cross-border partnerships and drive mutual enterprise development. Individuals profit from entry to first-hand info on the nations and area in focus, along with skilled steerage by means of each stage of the worldwide enlargement journey, from market intelligence and enterprise introductions to firm set-up.
Dubai Worldwide Chamber, one of many three chambers working underneath Dubai Chambers, set the scene with a presentation outlining the important thing synergies between Dubai and the African continent, with a powerful deal with nations in East and West Africa together with Kenya, Rwanda, Côte d’Ivoire, and Nigeria. Attendees realized extra about Africa’s enduring important worth as a area for enterprise enlargement, in addition to a number of initiatives launched by Dubai Worldwide Chamber to assist Dubai-based companies searching for to faucet into this huge market of 1.3 billion customers.
This was adopted by an insightful panel dialogue that includes Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers and representatives from DP World and the Commonplace Financial institution Group. The session centered on Dubai’s strong financial and industrial connections with Africa and underlined the collaborating entities shared dedication to supporting the enlargement of Dubai-based companies into Africa.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, mentioned: “We import and export a wide range of items between Dubai and these 4 nations, however there’s nonetheless huge room for development in each instructions. From a Dubai enterprise perspective, there’s rising demand from East and West Africa for expertise, electronics, autos, and uncooked supplies, whereas Dubai has appreciable wants for uncooked supplies, meals, and treasured stones and metals.”
Lootah continued: “Right this moment’s In Focus occasion represents the primary stage in our overarching plan to encourage larger bilateral commerce between Dubai and the featured African nations. We’re conducting a commerce mission to all 4 nations later within the yr, and are assured this occasion has impressed corporations from Dubai to think about how they’ll profit from the big selection of alternatives obtainable in East and West Africa.”
Later within the day, two devoted panel periods took a deep dive into potential commerce and funding alternatives in East and West Africa. The periods outlined key authorities initiatives designed to help entrepreneurs in establishing and conducting enterprise within the 4 nations, along with alternatives to listen to from representatives of corporations which have already undertaken their enlargement into the African continent.
The day concluded with breakout periods for every area that allowed members to have interaction in productive discussions with nation specialists, fellow entrepreneurs, and representatives from Dubai Chambers, with contributors sharing their concepts on how the chambers and the representatives of the African nations may help in serving to them realise their ambitions for enlargement.
The UAE enjoys an elevated standing because the Arab World’s second-largest economic system, whereas Nigeria is Africa’s greatest economic system. Nigeria is carefully adopted by Kenya, which falls inside the continent’s prime 5 economies. The In Focus session was hosted within the presence of distinguished visitor H.E. Vacaba Diaby, Ambassador of the Republic of Côte d’Ivoire to the UAE and attracted the attendance of over 100 delegates. The occasion sought to spotlight the multitude of advantages and bilateral commerce nearer cooperation can unlock for every of the economies.
In keeping with Dubai Chambers’ strategic precedence of aiding members to develop into worldwide markets, this version of the In Focus sequence highlighted potential sectors for funding and commerce between Dubai and the collaborating African nations. The occasion additionally supplied members with a chance to transparently talk about market entry alternatives and methods within the 4 featured nations.
Members had been inspired to enroll in Dubai Worldwide Chamber’s future commerce missions to East and West Africa, which is able to provide an interesting mixture of conferences with key stakeholders in every nation, website visits to industrial and financial zones, and cultural actions. The occasion succeeded in attracting sturdy curiosity and registrations for the upcoming commerce missions.
Dubai Worldwide Chamber stays dedicated to supporting its members to develop into strategic markets throughout the globe, in addition to attracting international investments and worldwide corporations to the emirate and additional enhancing Dubai’s popularity as a worldwide enterprise and commerce hub.
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