Market Overview

Dubai Chamber Strengthens Global Presence with Opening of India Office


Dubai Chamber of Commerce and Industry
has announced the opening of
its new representative office in India, which will be tasked with
identifying new business opportunities for Chamber members, attracting
Indian companies to Dubai and expanding bilateral trade and investment.

This press release features multimedia. View the full release here:

H.E. Hamad Buamim, President and CEO of the Dubai Chamber (Photo: AETOSWire)

H.E. Hamad Buamim, President and CEO of the Dubai Chamber (Photo: AETOSWire)

The new office, located in Mumbai, is the second representative office
to be opened by the Chamber this year, bringing the organisation's total
number of international offices to 10.

H.E. Hamad Buamim, President and CEO of Dubai Chamber, explained that
the opening of the Mumbai office falls in line with the Chamber's plans
to expand its global presence, while he also described it as a strategic
move to further enhance economic cooperation with India, which remains
Dubai's second largest trading partner and one of the world's fastest
growing economies.

"As the world's sixth largest economy, India is clearly an engine of
global growth that offers tremendous business potential and growth
prospects. Economic reforms and development plans in India are gaining
momentum and creating new business opportunities in sectors such as
infrastructure, logistics and urban planning which companies in Dubai
can surely benefit from," said H.E. Buamim.

Dubai Chamber's President and CEO noted that the opening of the new
office comes at a time when India-UAE political and economic ties have
reached their strongest point in years, following high-level visits on
both sides and the signing of several strategic cooperation agreements.

The number of Indian companies registered with Dubai Chamber increased
from 27,717 in 2015 to 38,238 in the first half of 2018, marking a
growth rate of 38%.

Non-oil trade between Dubai and India has risen steadily in recent
years, reaching $27 billion in 2017. This trade value accounts for 7.6%
of Dubai's total non-oil foreign trade for the same year.

About Dubai Chamber of Commerce and Industry:

Established in 1965, the Dubai Chamber of Commerce & Industry is a
non-profit public entity, whose mission is to represent, support and
protect the interests of the business community in Dubai by creating a
favourable business environment, supporting the development of business,
and by promoting Dubai as an international business hub.

*Source: AETOSWire

View Comments and Join the Discussion!