Credit By: GCC Business News
Dubai International Chamber, a significant participant within Dubai Chambers, has opened its sixth African representative office in Lagos, Nigeria. This strategic move, marking the 28th international office internationally, intends to strengthen economic and trade links between Dubai and Africa.
Ceremony of Inauguration and Trade Mission
The inauguration fell on the same day as the ‘New Horizons’ trade expedition to West Africa. The team, comprised of 15 Dubai-based businesses, attended business forums in Nigeria and Côte d’Ivoire. The mission aided in gaining a better grasp of local business environments and provided a platform for exploring cooperation prospects. Notably, over 450 people attended the events, which resulted in around 365 bilateral business interactions between Dubai and West African enterprises.
Inauguration Key Figures
H.E. Babajide Olusola Sanwo-Olu, Governor of Lagos State, and H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, attended the inaugural ceremony. The participation of these significant personalities emphasizes the importance of this expansion in fostering economic cooperation.
Nigeria’s Strategic Importance
H.E. Mohammad Ali Rashed Lootah emphasized Nigeria’s position as one of Africa’s most prominent marketplaces, providing Dubai-based traders access to various Central and Western African markets. The Lagos office is prepared to open new communication channels and economic engagement, enhancing bilateral commerce and investment.
The New Office’s Objectives
The newly established office in Lagos will focus on:
Relationship Building: Establishing solid connections with Nigeria’s public and private sector stakeholders.
Comprehensive Business Support: Provides various support services to the local business community, including assisting Nigerian enterprises in joining the Dubai market and advising Dubai-based businesses growing in Nigeria.
Strategy for Overall Trade Missions
This project is part of a larger strategy called ‘New Horizons,’ intended to allow corporations to investigate investment opportunities and establish economic alliances in certain countries. The trade trips to Africa align with the chamber’s broader goal of implementing Dubai’s foreign trade plan, which aims to expand non-oil foreign commerce to AED 2 trillion by 2026.
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