6.5% growth in the number of African companies registered with chambers since the “Expo”
Attracting 1620 African companies to the membership of Dubai Chambers in less than a year
Dubai Chambers has succeeded in implementing its new strategy and attracting international and emerging companies to the emirate.
Dubai Chambers data showed that the number of African companies registered in the chambers’ membership and operating in the Emirate of Dubai amounted to 26,420 companies, an increase of 6.5%, compared to the number during the activities of the sixth session of the World African Business Forum, which was organized by the Chamber in cooperation with “Expo 2020 Dubai” during The activities of the exhibition, which at the time amounted to 24,800 companies.
Dubai Chambers stated that the accession of 1,620 new African companies to the membership of the chambers during this short period, reflects the success of its efforts in implementing its new strategy in attracting foreign direct investment, international and emerging companies to the emirate, and promoting Dubai as a global business destination.
She stressed that the African continent is an essential part of the external expansion plans, as Dubai World Chamber, one of the three chambers under the umbrella of Dubai Chambers, currently has four representative offices in Africa in Kenya, Ethiopia, Mozambique and Ghana, which play an important role in stimulating It encourages joint investments, supports Dubai's foreign trade, attracts investments, and forms a gateway for the emirate's companies to expand into promising African markets to benefit from business opportunities.
The Chairman of the Board of Directors of Dubai Chambers, Abdulaziz Al Ghurair, said that the establishment of the Dubai International Chamber under the umbrella of Dubai Chambers had a great impact in attracting more new African companies to Dubai through our external office network, which was the result of efforts made during the last period to achieve the vision of the leadership. The new strategy aims to consolidate the emirate's position as a global business destination.
Al Ghurair pointed out that the events organized by the Chamber during Expo 2020 Dubai achieved its objectives in finding an interactive mechanism for communicating with the global business sector that visited the World Expo, and introducing them to the investment opportunities and competitive advantages that the emirate provides to foreign companies, considering that attracting 1620 African companies in less than General, shows the seriousness and effectiveness of the Chambers' efforts in supporting business growth and promoting the Emirate as a global business hub.
In turn, the Director General of Dubai Chambers, Hamad Mubarak Buamim, said that the emirate's continued attraction of international companies, including African ones, reflects the importance of strategic partnerships in finding new markets and attracting foreign investments, noting that the existing strategic partnership between Dubai and the African continent is moving in the right direction. The interests of both sides, and the sustainability of the global growth process.
Global African Business Forum
Global African Business Forum
The growth in the number of African companies registered with Dubai Chambers follows the conclusion of the sixth session of the Global African Business Forum, which was organized by the Chamber in cooperation with “Expo 2020 Dubai”, under the slogan “Trade leads the future of economic transformations.”
The forum witnessed the holding of 550 bilateral business meetings between investors from the UAE and Africa, amid a remarkable participation of more than 3000 local, African and international participants, including 600 participants who registered a virtual attendance, representing 91 countries.
The Global Africa Business Forum is the ideal platform for launching partnerships, identifying investment prospects and opportunities, and strengthening economic cooperation relations between representatives of the local business sector and their counterparts on the African continent.
The forum gave a strong impetus to the bilateral cooperation relations between Dubai and the African continent, and contributed to laying strong foundations for strong economic relations between the two sides.
One thousand and 420 African companies are currently registered in the membership of Dubai Chambers.
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