The UAE is the second largest export market

Dubai Chamber launches a business council representing Zimbabwean investors

Maha Al Gergawi: "We focus on establishing new channels of economic cooperation between business communities in Dubai and promising markets."

The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of "Dubai Chambers", announced the establishment of a new business council, representing Zimbabwean investors working in the emirate, in a move that would strengthen investment and trade relations between Dubai and Zimbabwe.

The new Business Council aims to provide support to investors and companies from Zimbabwe that operate in the Emirate of Dubai, and unify their efforts to promote and develop bilateral relations in a way that serves the common interest.

new channels

"We always focus on creating new channels of economic cooperation between business communities in the Emirate of Dubai and promising markets around the world," said Maha Al Gergawi, Executive Director of Business Support at Dubai Chambers.

She added, "Business councils cover markets of strategic importance to Dubai, as they provide an ideal platform for companies operating inside and outside the UAE to communicate and cooperate, and forge partnerships that guarantee the common interest of all concerned parties."

And she continued, “These councils will support our efforts to enhance the local business environment, as we continue our endeavor to expand our presence across Africa, Latin America and the Middle East, to attract more companies and investments from those regions.”

Business relations

In turn, member and one of the founders of the Zimbabwe Business Council, Ranganu Innocent Nyawood, said, "The new business council seeks to play a pivotal role in developing trade relations between Dubai and Zimbabwe, by bringing together Zimbabwean companies operating in Dubai and the UAE in general, and building a work system for coordination and communication that It would consolidate trade relations between the two sides.

He added, "The UAE is the second largest export market for Zimbabwe, and through coordination with the parties and stakeholders, we will work to strengthen relations between the two countries and consolidate our commercial footprint in the UAE."

bilateral trade

Bilateral trade between the UAE and Zimbabwe witnessed remarkable growth between 2019 and 2021, as the value of UAE imports amounted to $2.34 billion in 2021, compared to $1.46 billion in 2020, and $904 million in 2019. The value of UAE exports to Zimbabwe amounted to $209 million in 2019. 2021, while the most prominent trade products between the two countries were precious stones and minerals.

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