Dubai Chambers opens inaugural Sydney office to boost trade

Dubai Chambers make a double announcement that marks a strategic turning diploma in reaching mutually helpful commerce affords with Australia. 

Firstly, Dubai Chambers has launched the opening of a mannequin new worldwide workplace in Sydney, by Dubai Worldwide Chamber, thought-about one among many three chambers working beneath Dubai Chambers.

It then revealed the signing of a Memorandum of Understanding between Dubai Chambers and the Australia Arab Chamber of Commerce & Enterprise (AACCI).

The mannequin new workplace opening is consistent with the Dubai Worldwide Chamber’s strategic purpose to maximise enterprise selections in precedence markets globally and help the worldwide enterprise enlargement plans of Dubai firms. 

Coined “Dubai World, the initiative targets to go looking out 50 advisor areas of labor for Dubai in 5 continents by 2030. 

The Dubai World initiative targets to draw worldwide firms, SMEs, retailers, and worldwide expertise to Dubai by showcasing the emirate’s aggressive benefits, sharing funding intelligence, and strengthening engagement with abroad stakeholders. 

Furthermore it is talked about that the initiative will enhance Dubai’s non-oil worldwide commerce from AED 1.4 trillion to AED 2 trillion by 2026. 

The Sydney workplace is the second new workplace inaugurated in 2023 and expands the Chamber’s world neighborhood to 17 illustration areas of labor worldwide. 

The inauguration was led by Abdul Aziz Al Ghurair, Chairman of Dubai Chambers, contained contained all through the presence of H.E. Margaret Beazley AC KC, Governor of New South Wales, and Moin Anwar, Commerce and Funding Commissioner (Coronary coronary coronary heart East) for the New South Wales Authorities. 

Furthermore in attendance had been Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Mohamed Hage OAM, President and Nationwide Chairman of the Australia Arab Chamber of Commerce and Enterprise, who signed the MoU between the 2 chambers.

Abdul Aziz Al Ghurair says: “Related now’s workplace inauguration and the signing of a commerce boosting MoU with our mates on the Australia Arab Chamber of Commerce & Enterprise not solely serves to keep up our present sturdy trying to find and selling partnership nonetheless together with underlines our redoubled dedication to working collectively extra intently to foster mutually helpful enterprise agreements.” 

Margaret Beazley AC KC, Governor of New South Wales, furthermore selections: “NSW and the UAE have a shared historic earlier of sturdy bilateral ties which shall be wished and  to be celebrated.”

“Related now’s historic second, the signing of The Memorandum of  Understanding between the Dubai Chambers and the Australia Arab Chamber of  Commerce and Enterprise, is nonetheless one utterly completely utterly utterly totally different tangible signal of the additional strengthening of hyperlinks between NSW and the UAE,” says Beazley. 

Dubai Worldwide Chamber’s workplace in Sydney will focus its efforts on establishing sturdy relationships with key private and non-private sector stakeholders and help Australian firms to enter the Dubai market and improve internationally by the use of the emirate.

The mannequin new workplace might even create new channels for communication and financial cooperation between UAE and Australian firms and work with Australian companions to co-organise networking occasions, enterprise seminars, and enterprise matching conferences. 

As highlighted by Al Ghurair, the UAE is Australia’s largest trying to find and selling companion contained contained all through the Coronary coronary coronary heart East and Australia’s nineteenth largest export market full. 

Ghurair says: “It’s time for us to work even nearer collectively.”

“I hope these bulletins mark a strategic turning diploma in reaching mutually helpful commerce affords between our metropolis and the nice nation of Australia. 

“We’re already anticipating a enchancment in mutual commerce over the approaching years due to opening of our Sydney workplace,” says Ghurair.

The Dubai Chambers revealed analysis outlining the worth of non-oil commerce between UAE and Australia reached roughly $4.5 billion in 2022, registering a enchancment of spherical 28.6% in distinction with 2021. 

Along with, the variety of Australian firms registered with the Dubai Chamber of Commerce now exceeds 1,530, together with 307 new members that joined in 2022. 

That is all by the use of assorted sectors, together with the wholesale and retail commerce and restore of motor vehicles and family objects, along with precise property, renting, and enterprise actions. 

This differ reveals the enlargement of funding and commerce hyperlinks between Australia and Dubai. 

Dubai Worldwide Chamber’s mission to bolster worldwide bilateral commerce is probably aided by the signing of the MoU with the Australia Arab Chamber of Commerce & Enterprise (AACCI). 

Beneath the phrases of the MoU, the 2 Chambers will work collectively to develop new joint actions and cooperation, together with mutual alternate on occasions of their respective jurisdictions and help equally in organising and collaborating on seminars, webinars, conferences, and contacts. 

Presently, the UAE primarily exports manufactured objects, gear, chemical compounds, meals, reside animals, and crude provides to Australia.  

Nonetheless, In the long run, the 2 events depend upon elevated bilateral commerce in sectors together with enchancment, minerals, belongings, engineering, instructing, agribusiness, and successfully being.