Tag: Dubai Int’l Chamber

During the session, participants were introduced to the mission’s programme, which will feature bilateral business meetings between Dubai-based companies and their counterparts in Serbia and Türkiye…reports Asian Lite News

During the session, participants were introduced to the mission’s programme, which will feature bilateral business meetings between Dubai-based companies and their counterparts in Serbia and Türkiye…reports Asian Lite News

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the completion of preparations for its upcoming trade mission to Serbia and Türkiye, scheduled from 6th to 11th October. The mission is part of the ‘New Horizons’ initiative, which supports the expansion of Dubai-based businesses into priority global markets.

The Chamber hosted a briefing session today at its headquarters for members of the trade mission’s delegation, which includes representatives from companies across various sectors such as electronics, food and beverages, pipeline products, information technology, brand protection, technology, airport services, retail, textiles, and energy and mobility solutions.

During the session, participants were introduced to the mission’s programme, which will feature bilateral business meetings between Dubai-based companies and their counterparts in Serbia and Türkiye. These meetings aim to provide a platform for exploring opportunities for cooperation, expansion, and new trade and investment agreements. The delegation received detailed briefings on the mission and comprehensive market intelligence for both countries.

The ‘New Horizons’ initiative is part of Dubai International Chamber’s broader efforts to promote the global expansion of Dubai-based companies, enabling them to capitalise on opportunities in new international markets. The initiative aims to help companies explore business opportunities in 30 priority markets and is aligned with the Dubai Economic Agenda (D33).

In the first half of this year, the Chamber organised two trade missions to Southeast Asia and West Africa, facilitating over 830 B2B meetings between participating companies from Dubai and these markets to explore investment opportunities and joint economic partnerships.

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Dubai International Chamber also supported the expansion of 21 local companies into new global markets during Q1 2024 through various programmes and initiatives…reports Asian Lite News

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has announced details of several notable achievements during Q1 2024 in attracting foreign direct investment to Dubai and supporting the efforts of local companies to expand into global markets, in line with the objectives of the Dubai Economic Agenda (D33).

The chamber achieved a year-over-year (YoY) growth of 48% in the number of multinational companies (MNCs) and small and medium enterprises (SMEs) it attracted to the emirate, which increased from 25 in the first quarter of 2023 to 37 during Q1 2024. This impressive increase reflects Dubai’s growing attractiveness among global investors and position as a leading destination for businesses operating across diverse sectors.

The companies attracted during the first three months of this year included eight MNCs, which increased from five in Q1 2023, representing YoY growth of 60%. A total of 29 SMEs were attracted to Dubai in Q1 2024, an increase of 45% compared to the 20 that were attracted during Q1 2023.

Dubai International Chamber also supported the expansion of 21 local companies into new global markets during Q1 2024 through various programmes and initiatives. The chamber assisted these companies with exporting to new countries, establishing their presence overseas, and engaging in joint ventures with local businesses in their target markets. The number of companies assisted with international expansion increased by 200% compared to Q1 2023’s figure of seven businesses.

Sultan Ahmed bin Sulayem, Chairman of Dubai International Chamber, commented, “We are continuing to step up our efforts to attract international companies and investors to the emirate, while advancing the expansion of local companies into promising global markets. These activities form a key part of our drive to contribute to advancing sustainable development and achieving the objectives of the Dubai Economic Agenda (D33).”

He added, “The chamber’s growing network of 31 international representative offices plays a central role in promoting Dubai as an ideal city for global talent, high-net-worth individuals, and companies of all sizes across diverse sectors. Our offices are central to our plans to consolidate Dubai’s position as a leading global destination for foreign direct investments and a launchpad for expansion into new markets worldwide.”

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