He emphasized that the Global Africa Business Forum is an ideal platform to explore new paths of cooperation

Hamdan bin Mohammed: With concerted efforts, we will build a future that lives up to the expectations of our peoples

  • Hamdan bin Mohammed during his attendance at the Global African Business Forum.

    From the source

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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, stressed that there is an opportunity today more than ever to advance the ties of cooperation and partnership between the UAE and Dubai, with most African countries, against the backdrop of rapid global development, and what it carries There are many opportunities, despite the exceptional challenge that the world has witnessed over the past two years, especially with the start of global recovery, and the collective desire to accelerate development rates by creating more frameworks of partnership and cooperation, which ensure countries increase the use of available resources, develop them and rationalize their use in the service of development goals. sustainable.

Perfect platform

His Highness said that the "Global African Business Forum" represents an ideal platform for discovering new paths of cooperation, through which it is possible to deepen partnership ties with the African continent, with its large and promising growth potential, where Dubai, based on its position as a major center for trade and business in The region, providing great added value, based on its distinguished development experience, by placing its expertise at the disposal of partners from different parts of Africa to support development trends in many areas.

His Highness added: "We look forward to working with our partners in Africa to discover and activate new paths of cooperation, and to build strategic partnerships that support the directions of sustainable development. With concerted efforts and integration of visions, we build a future that lives up to the expectations and aspirations of our peoples for a tomorrow full of opportunities for success."

Presence

This came during the presence of His Highness the Crown Prince of Dubai, accompanied by His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, and His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Supreme Chairman of the Emirates Group, Chairman of the Supreme Committee for Expo 2020 Dubai", and His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, as part of the work of the "Global African Business Forum", which launched its sixth edition, yesterday, in Dubai, and is organized by the Dubai Chamber in cooperation with "Expo 2020 Dubai", under the slogan "Expo 2020 Dubai". Trade drives the future of economic transformations.”

The forum was also attended by Minister of State for International Cooperation, Director-General of the Expo 2020 Dubai office, Reem bint Ibrahim Al Hashemi, Director-General of the Court of His Highness the Ruler of Dubai, Mohammed Ibrahim Al Shaibani, Secretary-General of the Executive Council of Dubai, Abdullah Mohammed Al Basti, and Chairman of Chambers of Directors. Dubai”, Abdulaziz Al Ghurair, and a number of general managers and officials.

high post

This year's edition of the "Global African Business Forum" is characterized by high-level participation, which included two African heads of state and an African vice president, in addition to the participation of 45 ministers and government officials representing different countries of the continent.

The official presence is accompanied by a large and influential presence of decision-makers and executives of African companies, international companies based in Dubai, as well as representatives of the local business community in the emirate.

stimulating growth

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum attended a session in which the President of the Congo, Felix Tshisekedi, discussed how Emirati companies can contribute to stimulating sustainable growth in the Congo, and accelerating regional integration and partnerships through infrastructure, investments and trade.

The session, entitled "Exploring Africa's Capabilities", touched on the efforts made by the Congolese government to develop infrastructure and invest in the fields of hybrid solar energy.

important partner

Tshisekedi said: "We view the UAE as an important partner for the African continent, and through its distinguished capabilities and partnerships with its private sector, cooperation in the fields of energy, small and medium enterprises and technology can be enhanced."

He added: "We value the specialized events organized by the Emirate of Dubai, because of their effective role in creating important partnerships between African countries and the countries of the world, expressing his country's aspiration to increase the volume of investment and technological exchange."

huge growth

In turn, Al-Hashemi explained that the markets of the African continent have witnessed huge growth in the past years, noting that the UAE sees important opportunities in Africa, not only in the field of business and trade exchange, but also in the field of cultural and humanitarian relations and cooperation in various fields, especially with regard to the exchange of Knowledge, Ports and Mining Management, noting the value of this forum, as well as the opportunity offered by "Expo 2020 Dubai" to discover more prospects for cooperation with the countries of the African continent.

new Horizons

In his speech during the forum, the Director General of Dubai Chamber, Hamad Buamim, said that “hosting the forum within the agenda of (Expo) not only confirms its great importance, but also opens new horizons for companies from the UAE and other markets to explore untapped investment opportunities until Now in Africa.

He added that Dubai's non-oil trade volume with Africa amounted to $50 billion in 2020, despite the challenges of the pandemic, which is the highest percentage recorded so far during the past 10 years, while the number of African companies registered with the Dubai Chamber and operating in the emirate reached 24. 1,800 companies, which represents a growth of 15.5% over the last meeting of the Global Africa Business Forum in 2019.

joint growth

In a session entitled “Partnerships for Prosperity”, Sultan bin Sulayem, Chairman and CEO of DB World Group, stressed that the African market possesses many investment opportunities, which can establish more cooperation and partnership with business communities in Dubai and the UAE. .

He said: "Dubai has visions and capabilities to expand and establish businesses in many countries, and has many investments in various fields and in a large number of countries. It is also looking at expanding investment in Africa."

"Why Africa"

A recent report within the “Why Africa?” initiative showed

An affiliate of the Dubai Chamber, that East Africa is one of the densely populated areas with high consumption and promising investment opportunities, as it ranks first in the continent in terms of population, while the region was the fastest growing in the continent between 2015 and 2020, with a cumulative annual growth rate of About 4.3%.

East Africa includes 18 countries: Burundi, Comoros, Djibouti, Ethiopia, Eritrea, Kenya, Madagascar, Malawi, Mauritius, Mozambique, Rwanda, Seychelles, Somalia, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe.

3 main pillars

The “Global African Business Forum” discusses growth opportunities in the post-Covid-19 era, through three main pillars, the first of which is “Update” that explores policies and regulatory reforms, assesses the economic impacts of the pandemic on the region, and how African countries can work together to achieve the goals of the agreement. Free trade for the African continent and enabling sustainable growth.

The second pillar, "Development", discusses innovative and sustainable trade and technology models that help restructure businesses, trade avenues, supply chains and distribution on the continent.

The third pillar, “Recovery”, highlights the resilience of startups on the continent, the challenges facing their workforce, and the government’s role in providing a supportive infrastructure for business, by assessing the shifts in culture and values ​​due to the effects of the pandemic.

Reem Al-Hashimi:

"Promising opportunities in Africa in several fields, including business, trade and cultural exchange."

Sultan bin Sulayem:

"Dubai possesses the visions and capabilities for expansion and establishment of businesses in many countries."

• The sixth edition of the forum is witnessing an official high-level presence of African presidents and ministers.

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