How Dubai plans to seek global partnerships to boost trade hub status

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has approved the board of directors and advisory council of the newly-formed Dubai International Chamber.

Part of a recent government restructuring that aims to drive a economic development in the emirate, Dubai International Chamber, one of three new chambers, will develop plans to boost partnerships with global corporations.

It will also support promising ideas and projects as part of the efforts to establish Dubai as a global trade hub and a favourite destination for talents.

The chamber will also promote the opportunities that Dubai offers in facilitating the flow of international trade including its strategic logistics hub, advanced ports and airports and agile, pro-growth business environment, a statement said.

Sheikh Mohammed said: “Dubai International Chamber represents a new model that aims to support our international partners who are part of Dubai’s economic development.”

He added: “The new chamber members will work towards achieving our plan to boost Dubai’s foreign trade to AED2 trillion within the next five years.”

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