"Dubai World": a new strategy to achieve the objectives of the emirate's plan for foreign trade
Attracting 50 multinational companies to Dubai within 3 years
Dubai Chamber aims to consolidate the emirate's position as a major center for global trade.
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Sultan bin Sulayem: "The strategy identifies 30 commercial priority markets for Dubai, and promotes the expansion of the emirate's companies in these markets."
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The Board of Directors of the Dubai International Chamber has recently approved the Chamber’s budget for the current year and its new strategy for the next three years (2022-2024), which focuses on strengthening Dubai’s position as the capital of global trade and a strategic center for attracting multinational companies, in order to achieve the Dubai Foreign Trade Plan approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, recently, to raise the volume of foreign trade to two trillion dirhams during the next five years.
The new strategy is based on supporting Dubai's foreign trade, attracting multinational companies, and helping companies expand into foreign markets.
The strategy focused on attracting 50 multinational companies to Dubai within three years, supporting the external expansion of 100 companies from Dubai to priority foreign markets within two years, and working on improving the business environment in Dubai and making it conducive to business growth with a focus on multinational companies, in addition to To support and motivate multinational companies to list on the Dubai Financial Market.
The virtual meeting of the members of the Council was chaired by Sultan bin Sulayem, Chairman of the Board of Directors of the Dubai International Chamber, in the presence of the members of the Council.
Bin Sulayem pointed out that the new strategy aims to achieve the objectives of the Dubai Foreign Trade Plan adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, to increase Dubai's trade to two trillion dirhams by 2026, stressing that Dubai is the heart of the trade system and the lung of the global economy.
He pointed out that supporting Dubai's trade requires investing in promotional foreign offices, introducing commercial investment opportunities, and strengthening partnership efforts with global markets to open new horizons for trade cooperation, noting that the strategy will identify 30 commercial priority markets for Dubai, and will promote the expansion of the emirate's companies in these areas. markets in a manner that serves the objectives of the Dubai Foreign Trade Plan.
Bin Sulayem added: “We pay great attention to multinational companies, and we will focus on attracting leading companies, especially in important areas such as services, logistical support, technology and modern technologies, attracting talent, and consolidating the emirate’s competitiveness as a global business destination, and a starting base for global markets.
We affirm our full commitment to coordinating with all concerned parties in order to create a better commercial and investment future for the business community in the Emirate of Dubai.”
The objectives of the Dubai International Chamber include consolidating Dubai’s position as a major center for global trade, companies and international investments, attracting businessmen, companies, global investors, heads and managers of new international companies, working to attract business elite, working to strengthen the relationship between global investors and local and federal government agencies, and setting programs incentives for international investors who are members of the Chamber, providing support to major international companies, and facilitating international trade services.
Dubai International Chamber aims to cover 30 priority markets for Dubai with promotional programmes.
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