The Dubai Department of Economic Development (DED) is leading a high-level Trade Mission under the leadership of His Excellency Mr Sami Dhaen Al Qamzi, Director-General of DED, to South America to strengthen bilateral trade and highlight the investment opportunities in Dubai.
The week-long campaign, being promoted as ‘Dubai – An Economic Hub and your Gateway to MENASA’, will cover Brazil, Argentina, and Chile, three of the fastest-expanding economies in South America that have steadily enhanced their trade relations with the United Arab Emirates in recent years.
Launching the Trade Mission in Sao Paulo, Brazil, Al Qamzi said the initiative will enable entrepreneurs and investors from the fast-growing markets in South America and the UAE to network and explore opportunities for partnerships and business expansion.
“Today, South America has some of the fast-emerging economies in the world, and has a wealth of natural resources, high levels of literacy and a booming middle class. Businesses in these economies are exploring opportunities to grow further and expand into new markets,” Al Qamzi said.
”Dubai offers a strategic gateway for South American businesses to reach out to the wider markets in the Middle East, North Africa and South Asia, as well as the easiest transit route to Europe. Dubai historically has provided an ideal growth platform for entrepreneurs from all over the world,” he added.
Chief executive officers of the Dubai Export Development Corporation and the Foreign Investment Office, both agencies of the DED, are part of the Trade Mission to facilitate networking and provide South American investors with an overview of the investment climate and trade provisions in Dubai.
“The Government of Dubai has embarked on a series of initiatives in the business, investment and regulatory spheres to reinforce the city’s reputation as a financial and trading hub. Our objective is to ensure sustainable economic development in Dubai and the UAE by developing economic policy and regulations, identifying strategic growth sectors and providing efficient services to local and international investors,” Al Qamzi said.
The Trade Mission also comprises senior officials from Dubai Airport Freezone, Dubai World Central, Economic Zones World, Jebel Ali Freezone Authority, Emirates Airline and Emirates NBD, to facilitate networking and provide South American investors with an overview of the business environment and opportunities here in Dubai.
The mission will spend two days each in Brazil, Argentina and Chile starting from May 3rd to May 11th. The first day’s programme includes presentations by the delegates from Dubai and their counterparts in the host country, followed by site tours on the second day.
