Dubai And Singapore To Increase Bilateral Trade And Investment
Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has inaugurated a new international representative office in Singapore, reinforcing the well-established business links between Singapore and the UAE.
The strategic step comes as part of ‘Dubai Global’ initiative, which was launched in 2022 by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Executive Council, to establish 50 representative offices for Dubai in five continents by 2030. The initiative supports Dubai Chambers’ strategic goals of attracting international business and investment to Dubai and driving the global expansion of its members.
The office was officially inaugurated at a special ceremony in Singapore with participation of Ahmed Ali Al Sayegh, Minister of State; Jamal Abdulla AlSuwaidi, UAE Ambassador to Singapore; and Hassan Al Hashemi, VP of International Relations at Dubai Chambers.
Ahmed Ali Al Sayegh, Minister of State, commented: “The inauguration of Dubai International Chamber’s office in Singapore signifies the importance the UAE places on its relationship with Singapore. As a gateway to Southeast Asia and a global financial centre, Singapore offers an ideal platform for UAE businesses seeking to expand their reach and capitalise on new opportunities. Similarly, the UAE’s strategic location, unrivalled infrastructure, and flourishing business environment present Singaporean enterprises with immense potential to tap into a diverse and dynamic market.”
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “Dubai and Singapore have enjoyed strong bilateral relations for decades and Singapore remains a highly important market for Dubai, with non-oil trade amounting to Dhs17.4 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."