Auzzi Shopping

Men's Weekly

.

Expanding Dubai's Asia Pacific Presence - Dubai Chambers inaugurates new office in Hong Kong to Drive Mutual Economic and Business Growth

  • Written by Auzzi Shopping
  • The establishment of the new office was announced on the sidelines of the UAE-Hong Kong Business Forum in the presence of Honourable John Lee, Hong Kong's Chief Executive, with attendance of a high-level delegation.
  • At the forum, Dubai Chambers and HKTDC signed an MoU to enhance collaboration for the support and advancement of mutual goals including fostering a positive economic environment and developing trade relationships and business opportunities between Dubai and Hong Kong.

  • DUBAI, UAE - Media OutReach - 9 February 2023 - Dubai Chambers announced the establishment of its new international office in Hong Kong, to drive mutual economic and business growth and enhance trade ties between Dubai and Hong Kong.

    Hong Kong Chief Executive John Lee Ka-chiu to drive mutual economic and business growth and enhance trade ties between Dubai and Hong Kong
    Hong Kong Chief Executive John Lee Ka-chiu to drive mutual economic and business growth and enhance trade ties between Dubai and Hong Kong

    The announcement was made on the sidelines of the UAE-Hong Kong Business Forum, which took place yesterday in Dubai with attendance of a high-level delegation from Hong Kong, led by Honourable John Lee, the city's Chief Executive, and several UAE government and business leaders including H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade, H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, H.E. Sultan Bin Sulayem, Chairman of Dubai International Chamber, H.E. Faisal Juma Khalfan Belhoul, Vice Chairman of Dubai Chambers and Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers.

    The office will promote trade from Hong Kong to Dubai and attract more Hong Kong businesses to the emirate while also expanding Dubai's Asia Pacific presence. It will collaborate with Hong Kong Trade Development Council (HKTDC) and other government and private sector entities to leverage the exciting growth of Dubai and Hong Kong economies.

    The new office comes in line with the 'Dubai Global' initiative launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to establish 50 representative offices for Dubai in five continents by 2030. Dubai Global, led by Dubai International Chamber, aims to attract foreign MNCs, SMEs, investors, and international talent to Dubai by showcasing the emirate's competitive advantages, sharing investment intelligence, and engaging with overseas stakeholders.

    Emphasizing the significant potential to further collaborate and expand Dubai-Hong Kong partnerships, Dubai Chambers signed an MoU with the Hong Kong Trade Development Council (HKTDC) to collaborate for the support and advancement of mutual goals, including fostering a positive economic environment and developing trade relationships and business opportunities between Dubai and Hong Kong.

    Commenting on the new Hong Kong Office and the MoU, H.E. Al Ghurair said: "Dubai and Hong Kong have longstanding relations spanning decades. This MoU strengthens the existing relationship and will boost trade and investment between our two economies. I look forward to seeing continued collaboration with our Hong Kong counterparts, especially with the presence of our new international office in Hong Kong. I am sure the relationship between our countries will continue to thrive and prosper in the years to come."

    The MoU enables both parties to gain support and assistance from each other in organizing seminars and outreach activities, trade and investment missions, as well as commercial visits. Through the MoU, both Dubai Chambers and HKTDC agree to provide mutual assistance on trade enquiries, business matching or networking activities as well as to strengthen co-operation and provide information on opportunities for industry sectors of mutual interests.

    The UAE is the largest trading partner for Hong Kong in the Middle East. Non-oil trade between the UAE and Hong Kong reached AED22.2 billion in the first half of 2022, registering a growth of 16.2% compared to the same period in 2021, while non-oil trade between Dubai and Hong Kong reached AED37.2 billion in 2021.

    With precious stones and electronics making the bulk of trade products between Dubai and Hong Kong, other high potential areas for trade are apparel and clothing accessories, fresh fruits, pharmaceuticals, nickel, rubber and aircraft parts.


    Hashtag: #DubaiChambers

    The issuer is solely responsible for the content of this announcement.

    Dubai Chambers

    Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit us on:

    Today's Features at Auzzi

    What Makes a Brazilian Jiu Jitsu Gym in Melbourne Ideal for Personal Safety Training

    Key Highlights Brazilian Jiu Jitsu in Melbourne emphasises self-defense techniques and leverage-based strategies suitable for individuals of all sizes. Gyms offer expert instructors, m...

    How Aussie Women Can Achieve a Glamorous Look with the Right Hair Extensions Supplier

    Key Highlights Hair extensions offer an instant transformation, allowing Aussie women to achieve a flawless finish and glamorous appearance. Selecting the right supplier ensures superi...

    From Paddock to Plate: Australian Chefs Embrace Local Extra Virgin Olive Oil

    Key Highlights Australian chefs are incorporating local extra virgin olive oil into their culinary creations, emphasising its distinct flavours and health benefits. The use of early ha...

    Physical Rejuvenation Through Clinical Pilates: A Solution for Melbourne’s High-Performers

    Key Highlights Clinical Pilates offers tailored exercise programs to meet individual needs, enhancing physical strength, core stability, and overall wellbeing. It is particularly effec...

    The Romantic Side of a Mount Buller Tour for Honeymooning Couples

    Photo: Alzburg Resort Mansfield Key Highlights Mount Buller offers a dreamy escape high in the Victorian Alps, making it perfect for honeymooners seeking romance. Spectacular activities...

    10 Key Steps for Parents Navigating Primary School Enrolment in Victoria

    Key Highlights Navigating primary school enrolment in Victoria involves understanding the enrolment criteria and placement policies. Researching neighborhood schools and finding your l...

    How to Gently Whiten Your Teeth Without Harming Your Enamel

    Source Image We all want whiter and cleaner teeth. However, there is a ton of misinformation out there. We do live in the age of the internet after all, and myths can spread faster than w...