Modern Australian
Men's Weekly

.

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

  • 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:

    Everything You Should Know About Double Chin Treatment

    A double chin, medically known as submental fat, is a common concern that affects people of all ages and body types. Thanks to modern cosmetic proce...

    The Modern Role of a Dentist in Oral and Overall Health

    When most people think of a dentist, they imagine routine check-ups, cleanings, or cavity fillings. While these remain vital aspects of dental care...

    Reliable Solutions for Gate Repairs and Emergency Fixes in Melbourne

    Gates are more than just entry points to a property. They are essential for security, privacy, and convenience in both residential and commercial se...

    Driving Innovation and Reliability with a Professional Engineering Company Melbourne

    Engineering is at the core of modern infrastructure, manufacturing, and construction. From the tallest skyscrapers to the most advanced energy syste...

    Telematics: Driving Business Efficiency

    Telematics, the clever combination of telecommunications and information technology, has evolved from simple vehicle tracking to become an indispens...

    5 Signs Your Pool Filter Needs Professional Cleaning

    Is your pool water looking cloudy, your pump working overtime, or the jets losing pressure?  These are common warning signs that your pool filter mi...

    Social Media: Is It Increasing Rates of Anxiety and Depression?

    In today’s connected world, social media has become an integral part of daily life. Platforms like Instagram, TikTok, and Facebook offer opportuni...

    Preventive Maintenance Tips for Hydraulic Equipment

    Hydraulic equipment plays a crucial role in industries ranging from construction and mining to agriculture and manufacturing. Whether it’s powerin...

    Choosing the Right LiDAR System for Your Project

    When planning a project that relies on accurate spatial data, selecting the right LiDAR system is one of the most critical decisions you’ll make. ...

    The History of Craft Beer: From Monasteries to Modern Breweries

    Craft beer has a rich and fascinating history that stretches back centuries. What we enjoy today in trendy taprooms and bustling breweries is the re...

    How Natural Pearls Shaped Trade Routes and Global Economies

    Throughout history, natural pearls—those rare, untamed treasures formed by nature itself—have exerted a powerful influence on trade networks, po...

    How To Choose The Right Insulation For Your Space

    Selecting the appropriate insulation for your home or building is a critical decision that affects comfort, energy efficiency, and present and future ...

    7 Best Things to Do in Beaufort, Victoria

    Beaufort is a charming small town in Victoria’s Goldfields, full of history, natural beauty, and warm, welcoming locals. Whether you’re passing th...

    What to Expect During Divorce Mediation & Settlement

    Divorce can be a difficult and emotionally draining process, but mediation and settlement often provide a constructive path forward. Instead of goin...

    Navigating Disability Services in Perth: Your Questions Answered

    Understanding the landscape of disability support can feel overwhelming, especially when you're just starting out. If you’re looking for support a...

    How Veneers and Dental Implants Work Together for Full Smile Restoration

    Modern dentistry has strong instruments that can produce life-changing outcomes when it comes to repairing a smile that has been impacted by tooth los...

    Gen Z’s Are Going off Grid – But Is It Sustainable?

    Australia’s cost of living crisis is causing Gen Z to get creative with frugal living options. Earlier this year, young couple Koby and Amelie wan...

    The Risks of DIY Air Conditioning Installation and How to Avoid Them

    Air conditioning is essential in Australia, especially during the scorching summer months, when homes and workplaces can become unbearable without rel...