Dubai, Hamburg To Expand Strategic Partnership
Mohammad Ali (@ChaudhryMAli88) Published November 24, 2021 | 12:00 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 24th Nov, 2021) Dubai Chamber and Hamburg Chamber of Commerce have signed a Memorandum of Understanding (MoU) to renew their strategic partnership, initiated in 2007, and foster closer ties between the UAE and German business communities.
The agreement, signed on the sidelines of the 12th World Chambers Congress (WCC) in Dubai, focused on the common goals of innovation, with a strong focus on energy, mobility and new technologies.
Under the agreement, the two chambers agreed to extend their cooperation, and share knowledge and best practices on membership-related services through institutional exchange, including exchange and cooperation in other countries where the organisations maintain a presence.
The chambers will jointly coordinate future initiatives and foster cooperation in the healthcare sector between both regions and co-organise meetings between companies.
Commenting on the partnership, Hamad Buamim, President and CEO of Dubai Chamber, said, "Both Chambers realise the importance of cooperation to drive innovation and to provide effective solutions to boost energy, address environmental concerns and promote sustainability and mobility.
"
He noted that Dubai and Hamburg are remarkably similar in terms of logistical prowess, strategic geographical location and a strong emphasis on being a trade hub. Therefore, this MoU with the Hamburg Chamber of Commerce seems like a natural next step to tap into existing trade and investment potential.
"In line with our strategic vision, Hamburg 2040', the cooperation with Dubai Chamber of Commerce and Industry will provide new opportunities for our member companies in Dubai and beyond. Thanks to its openness for new ideas, Dubai provides an excellent launch pad for innovation from Hamburg. Furthermore, as a global hub Dubai is a great starting point for Hamburg-based companies to spot the latest trends in business and innovation and develop new markets in the region," Dr. Malte Heyne, CEO of the Hamburg Chamber of Commerce, noted.
This partnership has created new channels of fruitful cooperation over the last decade, with the Dubai-Hamburg Business Forum serving as an important platform for business exchange under this partnership.
Related Topics
Recent Stories
Aeon & Trisl signifies back-to-back successes by securing the No. 1 Award at the ..
Attaullah Tarar’s success notification from NA-127 challenged
PSX witnesses positive trend today
PM Shehbaz meets CJP Isa to address IHC judges’ concerns
Pakistan vows to bring to justice perpetrators, abettors of Bisham terrorist att ..
May 9 riots: SC allows conditionally to military courts to deliver reserved verd ..
Interior Minister arrives in Peshawar after Shangla suicide attack
OPPO Reno 11 F 5G: Setting New Records as Pakistan's Most Beloved Smartphone Lin ..
PCB dismisses FICA's claims of unpaid dues in PSL
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 28 March 2024
Today Gold Rate in Pakistan 28 March 2024
Niger says US to submit plan to 'disengage' troops
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
2 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
5 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
5 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
5 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
5 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
5 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
5 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
5 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
5 months ago -
SIBF turns spotlight on remarkable contributions of women
5 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
5 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
5 months ago