Credits By: Arabian Business
Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has revealed its upcoming strategy designed to bolster the global expansion of local private sector companies through its groundbreaking ‘New Horizons’ initiative, which was launched earlier this year.
During a special meeting held at Dubai Chambers’ headquarters, the chamber provided representatives from member companies with a comprehensive update on the latest developments. Notably, they shared the resounding success of the ‘New Horizons’ initiative’s trade missions to Central Asia, the United Kingdom, and South Africa during the first half of 2023.
Looking forward, the chamber unveiled its ambitious plans for upcoming roadshows, each aimed at exploring promising business opportunities in strategic regions across the globe. These roadshows are scheduled to take place later this year, targeting Asia, Europe, and East and West Africa. Additionally, in 2024, they plan to extend their exploration to encompass the Baltic region, ASEAN countries, Turkey, and other African markets.
Mohammad Ali Rashed Lootah, President, and CEO of Dubai Chambers, expressed the organization’s unwavering commitment to support its members in their global expansion endeavors, focusing on key markets worldwide. The ‘New Horizons’ initiative plays a vital role in driving the international growth of member companies, in line with Dubai’s ambitious trade plan to increase non-oil foreign trade to AED2 trillion by 2026. Their mission includes assisting 100 Dubai businesses in their expansion on the global stage by the end of 2024.
The first roadshow within the ‘New Horizons’ initiative took place in March, focusing on Central Asia, with visits to Uzbekistan, Kazakhstan, and Kyrgyzstan. This was followed by successful trade missions to the Retail Technology Show in London in April and SAITEX in Johannesburg in June, during which 38 companies actively participated in the three delegations.