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Dubai Chamber launches Mexican Business Council to boost trade and investment

Photo : Dubai Gvernment Media Office

The Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, has announced the establishment of the Mexican Business Council. This initiative aims to boost bilateral trade and investment opportunities and strengthen the ties between the business communities in Dubai and Mexico.

This launch reflects the growing attraction of Dubai among Mexican companies and investors. The number of Mexican companies registered as active members of the Dubai Chamber of Commerce reached 108 by the end of the first quarter of 2024. The formation of the Mexican Business Council is a strategic move to capitalize on this growing interest and foster closer economic ties.

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The inaugural Annual General Meeting of the Business Council was recently held at the Dubai Chambers’ headquarters. The meeting focused on the council’s key objectives, which include strengthening economic relations between Dubai and Mexico and building mutually beneficial partnerships. During the meeting, participants discussed the scheduled programme of events for the upcoming months, outlining plans to enhance collaboration and promote trade and investment opportunities.

Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, emphasized the chamber’s commitment to empowering Business Councils. She stated, “We are committed to empowering Business Councils to contribute to increasing promising opportunities between the private sector in Dubai and business communities around the world. We aim to strengthen economic and investment partnerships across all sectors both locally and internationally as part of our drive to boost foreign trade and further strengthen Dubai's position as a leading global business destination.”

The Business Councils under the Dubai Chamber of Commerce represent the interests of companies and investors from specific countries operating in Dubai. Each council partners with the chamber to foster the sustainable growth of bilateral trade and investment between Dubai and the market represented. This collaborative effort is part of a broader strategy to enhance Dubai’s economic landscape.

Currently, the Dubai Chamber of Commerce is working to increase the number of Business Councils. This initiative supports the objectives of the Dubai Economic Agenda (D33), which aims to drive growth in foreign trade and support the expansion of local companies into global markets. The establishment of the Mexican Business Council is a significant step in this direction, reinforcing Dubai’s position as a hub for international business and trade.

June 22, 2024 10:40 a.m. 554

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