Number of African companies registered with Dubai Chamber ri...| MENAFN.COM

Monday, 26 September 2022 06:18 GMT

Number of African companies registered with Dubai Chamber rises over 15% to exceed 24,000

(MENAFN- Mid-East.Info) Dubai, UAE: The number of African companies registered with Dubai Chamber increased by 15.5% percent since 2019 to reach 24,800 today, His Excellency Hamad Buamim, President and CEO of Dubai Chamber has revealed. 

H.E. Buamim's statement came during his remarks at the 6th Global Business Forum Africa in Dubai earlier today. The forum, organised in partnership with Expo 2020 Dubai, is the largest event of its kind in the region dedicated to exploring new avenues of UAE-Africa economic cooperation. 

“Judging by economic indicators, it's safe to say that our efforts in Africa are bearing fruit. Dubai's non-oil trade with Africa reached $50 billion in 2020 despite the pandemic challenges, marking the highest level in the last decade,” Dubai Chamber's President & CEO said.

“Hosting this prestigious forum at Expo 2020 Dubai not only adds to the significance of the business forum, but also opens new doors for companies from the UAE and other markets that are keen to explore untapped business potential in Africa,” he said.

 “We believe that Dubai holds the key to unlocking Africa's economic potential, as one of the world's fastest growing city economies that can offer valuable expertise in key sectors such as logistics, infrastructure, retail, tourism and finance, in addition to the right level of investment needed to support African countries scaling up their economies,” H.E. Buamim said. 

He elaborated on the roles of Dubai Chamber's representative offices in Ethiopia, Ghana, Mozambique and Kenya, in building bridges between UAE and African business communities, identifying attractive investment opportunities in Africa and assisting African companies with their entry into the Dubai market.

Over the last five editions of GBF Africa, interest in the forum and its overall impact has grown significantly as African and UAE business leaders leverage the event's platform to explore concerte business prospects and partnership opportunities.

About Dubai Chamber :

Dubai Chamber is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. Its 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 promoting Dubai as an international business hub. 

About Expo 2020 Dubai :

From 1 October 2021 to 31 March 2022, Expo 2020 Dubai will welcome visitors from every corner of the globe to join the making of a new world, as it brings together the planet in one place to reimagine tomorrow.

  • With the purpose of 'Connecting Minds, Creating the Future', Expo 2020 will be the world's most impactful global incubator for new ideas, catalysing an exchange of new perspectives and inspiring action to deliver real-life solutions to real-world challenges
  • Expo 2020 will be the biggest cultural gathering in the world, presenting a visually striking and emotionally inspiring 182 days, as more than 200 participants – including nations, multilateral organisations, businesses, and educational institutions, as well as millions of visitors – create the largest and most diverse World Expo ever
  • Expo 2020's subthemes of Opportunity, Mobility and Sustainability will inspire visitors to preserve and protect our planet, explore new frontiers and build a better future for everyone
  • For six months, Expo 2020 will be a must-visit family destination, with thousands of events, amazing exploratory experiences, and free entry for children up to age 18
  • Expo is committed to building a more equitable and just world for everyone, while keeping visitors safe by following the latest guidance of the world's leading medical, science and health experts
  • Expo 2020 is the first World Expo to take place in the Middle East, Africa, and South Asia (MEASA) region, located on a 4.38 sqkm site adjacent to Al Maktoum International Airport in Dubai South 
  • Built with a meaningful and measurable long-term legacy in mind, the Expo site will transform into District 2020 – a model global community that will rethink the cities of the future – after Expo 2020 closes its doors


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