He stressed that the investment of «DP World» in Dakar of 4.15 billion dirhams reflects the strength of its financial solvency

Bin Sulayem: "Corona" is behind us ... and the indicators of the first quarter exceed their rates in 2019

During the «Dubai Customs» review of its strategic plan in the first meeting of the «Advisory Board» in 2021. From the source

The Chairman and CEO of Dubai Ports World Group and Chairman of the Ports, Customs and Free Zone Corporation, Sultan Ahmed bin Sulayem, confirmed that the Corona pandemic is behind us, and that indicators of the performance of the local economy in various sectors during the first quarter of this year were more than positive. And more than what has been achieved for the same period in the pre-pandemic year (2019).

During the first meeting of the Dubai Customs advisory council in 2021, through visual communication technology, in the presence of the Director General of Dubai Customs, Ahmed Mahboob Musabeh, and the business and trade groups, Bin Sulayem said, “We have many indicators that are expected to stimulate business in Dubai has guaranteed its growth, as commercial exchanges between Dubai and Israel recorded 1.7 billion dirhams during the last period of this year, and we look forward to more expansive prospects, whether in terms of intra-trade or joint investments.

Corporate influx

He added: “We notice the influx of commercial companies in Israel to buy and import from Dubai, thanks to the difference in cost, cheap prices, and ease of import, as goods arrive in Israel within two to three days only.” Bin Sulayem continued: “We also have optimism about the return of global relations. "Due to its nature under the new US administration, and the Gulf reconciliation will be reflected in the support of business significantly during the next stage, in addition to expectations of increasing foreign direct investment, as foreign companies prefer the quality and luxury of life in Dubai."

Strong financial solvency

Bin Sulayem stressed that Dubai, which is linked commercially and economically with markets of two billion people, enjoys strong financial solvency, and the matter applies to its governmental and semi-government companies, indicating in this regard that "DP World" continues to seize opportunities, as it has increased the value of Its investments in the African continent, which confirms the commitment of the Emirate of Dubai and its leading economic institutions to develop and implement projects that would enhance economic growth, as the company invested about 4.15 billion dirhams in the port of Dakar in Senegal.

In addition, the meeting witnessed the signing of a memorandum of understanding between "Dubai Customs" and the Union Export Credit Company.

Under this cooperation, the two parties will form a committee to implement initiatives that will enhance the exports of the Emirate of Dubai, in addition to organizing seminars and workshops to familiarize exporters with the advantages of solutions to protect trade credit against the risks of default, with a focus on insurance solutions and financial tools provided by the Union for Export Credit. .

The two parties will also facilitate the access of exports of companies operating in Dubai to international markets, in addition to providing in-depth information about the market and country risk assessment reports to highlight the commercial and political risks that these companies may face when operating in foreign markets.

Support

The Director General of "Dubai Customs", Ahmed Mahboob Musabih, said that "the memorandum of understanding with (Union for Export Credit) supports the business of our customers," stressing that "(Dubai Customs) exerts all its energies and unites its efforts to support its customers, and to strengthen Dubai as a global center for trade. Is committed to providing all forms of support to its clients, its partners in success, so that their trade flourishes and increases the return on it.

Dubai is in the lead

Dubai has maintained its leadership in the Middle East and North Africa region of the "Global Financial Centers" index, issued by the famous British "Zin" organization, which specializes in consulting related to commercial and financial centers. Dubai was ranked 19th in the world on the index.

Follow our latest local and sports news, and the latest political and economic developments via Google news