Number Of ASEAN Companies Registered With Dubai Chamber Increases By Over 35%
Sumaira FH Published December 08, 2021 | 05:00 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 08th Dec, 2021) Abdulaziz Al Ghurair, Chairman of Dubai Chamber, has said that the number of companies from the Association of Southeast Asian Nations (ASEAN) registered with Dubai Chamber has increased by 35.5 percent since 2018 to exceed 3,300 members.
The announcement was made by Al Ghurair during his opening speech at the first Global Business Forum (GBF) ASEAN, which commenced today, 8th December, at Expo 2020 Dubai.
Bearing the theme The New Frontiers, GBF ASEAN is organised by Dubai Chamber, under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The two-day forum aims to explore trade synergies, and build new bridges of economic cooperation between the UAE and ASEAN markets.
Discussing the already strong economic ties that exist between Dubai and the 10-member states that make up the ASEAN region, Al Ghurair stressed that there were additional possibilities that were opening up in the wake of the global pandemic, with enhanced cooperation and partnership being the key to capitalising on trade and investment potential.
"Dubai-ASEAN non-oil trade in the last five years reached around US$110 billion (AED 404 billion). Yet, there is a huge potential to expand bilateral trade further and tap into existing synergies. In order for this to happen, we must work together to remove trade barriers, facilitate the ease of doing business and identify new areas where we can align our ambitions," Al Ghurair said.
During his speech, he drew attention to initiatives that Dubai has introduced to open up trade between the emirate and ASEAN countries, with the World Logistics Passport being one such development aimed at improving commerce between the regions.
"To encourage South-South trade, Dubai launched the World Logistics Passport under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum. I call on ASEAN countries that have not yet joined the World Logistics Passport to do so to utilise this network to expand trade links and boost their global profile and reach," Al Ghurair said.
The inaugural GBF ASEAN is being held in conjunction with Expo 2020 Dubai – the first world expo in the middle East, Africa and South Asia (MEASA) region, and the largest event ever held in the Arab world.
GBF ASEAN, the latest addition to Dubai Chamber’s Global Business Forum series, seeks to identify mutual growth opportunities between Dubai and ASEAN, both of which have shown resilience during the global pandemic. The forum features a comprehensive programme of keynote addresses, presentations, discussion panels and workshops, all designed to explore ways of increasing economic partnerships in key areas.
Related Topics
Recent Stories
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago