Dubai International Chamber boosts bilateral trade and investment with launch of new Singapore office

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has launched a new international representative office in Singapore.

The office was officially inaugurated yesterday at a special ceremony with the participation of H.E. Ahmed Ali Al Sayegh, Minister of State to the UAE Cabinet; H.E. Jamal Abdulla AlSuwaidi, UAE Ambassador to Singapore; and Hassan Al Hashemi, Vice President of International Relations at Dubai Chambers.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Our nations have enjoyed strong bilateral relations for decades and Singapore remains a highly important market for Dubai, with non-oil trade amounting to AED17.4 billion in 2022. 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.”

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% since 2016. Singapore ranked 27^th 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 AED1.4 trillion to AED2 trillion by 2026, in line with the emirate’s five-year foreign trade plan. 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 MNCs and 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.

About:

Dubai International Chamber one of three chambers operating under the umbrella of Dubai Chambers, was established to promote Dubai as a global business hub, attract multinational companies and expand the emirate’s trade ties with promising markets. The Chamber has a mandate to meet His Highness Sheikh Mohammed’s ambition to increase Dubai’s foreign trade from AED 1.4 trillion to AED 2 trillion by 2026

www.dubaichambers.com

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Dubai International Chamber boosts bilateral trade and investment with launch of new Singapore office