DUBAI INTERNATIONAL CHAMBER LAUNCHES SINGAPORE OFFICE TO BOOST BILATERAL TRADE, INVESTMENT

Hussein Al Ansari, Senior Manager - International Operations, Dubai Chambers; Hassan Al Hashemi, Vice President - International Relations, Dubai Chambers; H.E. Ahmed Ali Al Sayegh, UAE Minister of State; H.E. Jamal Abdulla AlSuwaidi, UAE Ambassador to Singapore; and Abdulla Baqer, Regional Director - Middle East & CIS, Dubai Chamber, during the inauguration of Dubai International Chamber’s new representative office in Singapore. (Photo: AETOSWire)

KUALA LUMPUR, June 12 (Bernama) -- Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has launched a new international representative office in Singapore.

“The launch of the new office represents another important step in our Dubai Global initiative, which aims to establish a powerful network of 50 global offices worldwide by 2030 that will offer Dubai businesses access to exciting expansion opportunities,” said Dubai Chambers President and Chief Executive Officer, Mohammad Ali Rashed Lootah.

The number of Singaporean companies registered with Dubai Chamber of Commerce stood at 687 at the end of last year, having grown by 59.4 per cent since 2016.

According to a statement, Singapore ranked 27th on the list of Dubai’s main trading partners during 2022.

The new office will accelerate efforts to boost Dubai’s non-oil foreign trade from AED 1.4 trillion to AED 2 trillion by 2026, in line with the emirate’s five-year foreign trade plan. (AED 100 = RM125.75)

It brings the total number of Dubai International Chamber's representative offices to 19 and is set to offer market intelligence and operational expertise to Singaporean businesses.

The office will also unlock access to trustworthy partners for Singaporean multinational corporations (MNCs) and small and medium enterprises (SMEs) as they explore opportunities to leverage Dubai as a hub for global expansion.

The Singapore office will help Dubai companies to maximise business opportunities by providing access to reliable partners and stakeholders, market intelligence, route-to-market strategies and operational set-up expertise.

-- BERNAMA