Dubai Chambers and Standard Chartered Sign MoU to Boost Local Business Expansion

Photo : Dubai Government Media Office

Dubai Chambers and Standard Chartered have signed an agreement to work together and help businesses in the UAE grow and expand into other countries.
Through this agreement, both groups will help international companies that want to start a business in Dubai. They will also help local businesses compete better and grow in Dubai and other markets.

Standard Chartered will provide services to UAE businesses that want to expand into other countries. The bank will use its global network to help Dubai-based companies open accounts and guide other companies that want to start a business in Dubai. In return, Dubai Chambers will help Standard Chartered’s clients around the world who want to set up in Dubai and grow their business from there.

This agreement is part of a program called the Global Partnerships Programme. This program helps Dubai attract more businesses and works with other service providers to make that happen. The Global Partnerships Programme also supports the ‘Dubai Global’ initiative, which aims to bring more foreign investments to Dubai and help Dubai businesses find new opportunities in other countries.

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H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “This agreement helps strengthen Dubai’s role in the world of business. We want to help both local and international companies grow in Dubai and expand into new markets while bringing in more foreign investments to the city.”
Rola Abu Manneh, CEO of Standard Chartered UAE, Middle East, and Pakistan, said: “This partnership shows our support for the UAE’s goals for growth. We want to help UAE businesses grow in new markets and succeed using our global network and trade finance services.”

The agreement will also support Dubai Chambers’ Global Partnership Programme through its 32 offices worldwide. These offices play a key role in helping achieve the goals of Dubai’s Economic Agenda (D33), which aims to double Dubai’s economy in the next 10 years and make Dubai one of the top three cities in the world.