The emirate's second largest trading partner in Latin America, with exchanges of 4.44 billion dirhams

Dubai Chamber World opens a representative office in Mexico

During the opening ceremony of the office in Mexico.

From the source

Dubai International Chamber, one of the three chambers under the umbrella of Dubai Chambers, announced the opening of a representative office in Mexico, to be its fourth representative office in Latin American countries.

Dubai International Chamber stated that the opening of the office aims to enhance its presence and activity in Latin America, and to explore new horizons for economic and trade cooperation between the two sides, stressing that the office constitutes a new start aimed at strengthening trade relations between Dubai and the South of the American continent, and enabling Mexican investors and entrepreneurs to benefit from the potential The enormous potential offered by the city of Dubai, as a gateway to global trade.

business partner

Mexico is Dubai's second largest trading partner in Latin America, as the volume of non-oil bilateral trade exceeded 4.44 billion dirhams in 2021, which confirms the depth of relations and their readiness to enter a new phase of growth.

enhance convergence

In his speech during the opening ceremony, the country's ambassador to Mexico, Ahmed Hatem Al Menhali, said that the opening of the office reflects the will of the two countries and their ability to promote rapprochement.

He added that raising the levels of competitiveness and investment between one of the largest regional markets and neighboring regions will contribute to recovering from the repercussions of the Corona virus pandemic, and achieving prosperity for the concerned parties.

He explained that the country's embassy in Mexico had made important strides to consolidate bilateral ties, pointing to the cancellation of the visa between the two countries, the operation of the direct flight line, and the signing of a memorandum of cooperation between the Logistics Passport Initiative and Mexico.

investment opportunities

For his part, the Director General of Dubai Chambers, Hamad Buamim, affirmed the continuation of Dubai Chambers' efforts to explore more promising investment opportunities to support growth in the two countries.

He pointed out that the opening of the representative office enhances trade relations with Mexico, and explores commercial opportunities to benefit from the huge potentials possessed by the Mexican markets in the fields of agriculture, industry, automobiles, logistics, digital economy, financial technology, in addition to the tourism sector.

future strategy

Dubai International Chamber seeks to implement its strategy aimed at attracting 50 multinational companies to Dubai within three years, and supporting the external expansion of 100 companies from Dubai to priority foreign markets within two years with the aim of improving the business environment in Dubai, making it supportive and stimulating business. For growth, focusing on multinational companies.

The Dubai International Chamber's strategy supports the Dubai Foreign Trade Plan adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which aims to increase the volume of non-oil foreign trade to two trillion dirhams over the next five years.

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