It concluded its work with the attendance of 1,368 participants from 58 countries
ASEAN Forum: Dubai is a global destination for logistics
The forum was held under the slogan "Cross-Border Economic Partnerships".
From the source
Hamad Buamim: "The forum briefed the participants on the pivotal role of Dubai as a gateway and platform for companies wishing to launch their operations in the region."
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The first edition of the ASEAN Global Business Forum concluded its activities yesterday, with 180 bilateral business meetings between investors from the UAE and ASEAN countries, which was accompanied by the participation of a high-level banner of 1,368 participants from 58 countries around the world, including 250 virtual attendance.
The forum was organized by the Dubai Chamber, in cooperation with "Expo 2020 Dubai", under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under the slogan "Cross-Border Economic Partnerships".
Participants in the forum confirmed that Dubai has become a global destination for logistics services, noting that the trend towards expanding business in Africa and Latin America holds important investment opportunities for ASEAN countries, noting that the halal sector is witnessing a sustainable recovery in the post-pandemic period, and that the performance of this sector will return to normal levels by the end of next year.
ASEAN countries
The Director General of Dubai Chamber, Hamad Buamim, said, "The number of participants and sessions confirms that the ASEAN Global Business Forum comes at the right time to give a strong impetus to trade and economic relations between the UAE and ASEAN countries," noting that the forum provided an opportunity for decision makers from both sides to exchange views. It also contributed to highlighting opportunities and prospects for potential cooperation, and how to launch many promising partnerships and future cooperation agreements, which will consolidate the foundations of building a new phase.
He added: “We can say that the ASEAN Global Business Forum in its first edition was able to achieve the desired goal that we aim at at the Dubai Chamber, which is to introduce the local business community to the large number of opportunities for fruitful cooperation with ASEAN countries, and to inform participants from different countries of the world about the role The pivotal point of Dubai as a gateway and platform for companies wishing to launch their operations in the region.
Africa markets
In addition, Indonesia's Coordinating Minister for Economic Affairs, Erlanga Hartarto, announced his country's intention, which is the largest economy in ASEAN, to expand in the African and Latin American markets, by taking advantage of the leading services and the distinguished position of Dubai in the heart of the world, thus enabling the Indonesian business sectors. access to all global markets.
"Indonesia is focusing on the services provided by Dubai to reach our target markets and significantly reduce costs," Hartarto said.
He added that "Dubai today employs modern technologies that contribute to facilitating business and providing practical solutions to deal with the challenges facing supply chains, in addition to taking proactive and rapid steps that enabled it to confront crises and significantly reduce the impact of the (Covid-19) crisis, and the return of its economy." positive growth rates.
During his intervention in the main discussion session, titled “Reform and Growth”, within the activities of the second day of the forum, Assem Abdul Wahed Al Abbasi, Director of Financial Affairs at DB World, said that “(DB World), through its great experience in African markets and other global markets, will provide the platform that enables the business sector in Indonesia to access these promising markets.”
Al Abbasi explained that "Dubai has become a global destination for logistics services, and provides the necessary technologies to provide the best services to business sectors from different countries of the world, enabling them to achieve growth, expansion and spread."
He indicated that the trend towards expanding business in Africa and Latin America holds important investment opportunities for Indonesia and ASEAN countries.
He said, "Achieving outstanding economic performance in the coming periods requires benefiting from the crises that the economy has faced, especially supply chains worldwide, which would significantly reduce their negative effects."
demand recovery
During the session entitled “Planning - the Islamic consumer, are we witnessing a recovery in demand after the pandemic?”, Managing Director of “Al Islami Food Company”, Saleh Abdullah Lootah, said that “the halal sector is witnessing a sustainable recovery in the post-pandemic period, and that the performance of this sector is It will return to normal levels by the end of next year.”
In turn, the head of the Halal Tourism Development Team in Indonesia, Renato Sufyan, explained a number of variables that have occurred in consumption patterns, such as increased reliance on technology, increased reliance on healthy products, orientation towards responsible production, rationalization of consumption, and attention to physical and mental well-being.
Expanding cooperation between the UAE and the Philippines
During his participation in a session entitled "Securing the Food Supply Chain", the Minister of Agriculture of the Philippines, William Dar, said that the Philippines is looking to expand its trade cooperation with the UAE and the Gulf region in the food field.
He pointed out that to achieve this goal, the Philippines plan is based on strengthening small farms, stimulating modernization in the agricultural sector by increasing reliance on machinery, and using technology to increase crops and support investment, explaining that the Philippines, through this plan, studies available opportunities and works on Investing more in human capital and updating the operational framework to establish an integrated circle of work in the agricultural sector.
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