Dubai Chamber of Commerce Organizes 674 Business Meetings in South Africa
In a significant move to enhance international trade cooperation, the Dubai Chamber of Commerce organized 674 business meetings in South Africa. This event was held under the umbrella of “New Horizons for External Expansion,” reflecting the chamber’s commitment to supporting local companies in their pursuit of growth in promising global markets. During this important event, companies explored new partnerships and strengthened their relationships with counterparts in Cape Town and Johannesburg.
Productive Trade Mission
The Dubai Chamber of Commerce led a trade mission that included representatives from 24 companies operating in diverse fields such as construction, building materials, and engineering. Additionally, companies specializing in electronics, environmental solutions, fast-moving consumer goods, food and beverages, healthcare, and information and communication technology participated. This diversity reflects the resilience and competitiveness of Dubai’s companies in global markets.
Business Forum: A Platform for Networking
The “Dubai – South Africa Business Forum” was organized as part of the event, in collaboration with the UAE embassy, the Department of Trade, Industry and Competition in South Africa, and the South African Chamber of Commerce and Industry. The forum attracted 520 participants, including a range of economic leaders, officials, and businesspeople. This diversity among participants enhances cooperation opportunities between the two sides.
Strengthening Trade Relations
Salem Al Shamsi, Deputy CEO for International Relations at the Dubai Chambers, noted the accelerated growth in trade exchange between Dubai and South Africa, with non-oil trade value expected to reach 29.2 billion dirhams by 2025. This growth, which has exceeded 265% over the past ten years, reflects the expanding economic relations between the two parties.
Future Prospects
Statistics from the Dubai Chamber of Commerce indicate a clear increase in the number of active South African companies registered with the chamber, with 45 new companies joining in the first quarter of this year. This brings the total number of companies to 873, reflecting the growing interest in business opportunities in Dubai. This initiative fosters dialogue and communication, supported by a shared desire for growth and expansion in African markets.