Dubai Chambers Investments in Latin America to Reach AED 100 million Over the Next Decade

Business

Dubai Chambers Investments in Latin America to Reach AED 100 million Over the Next Decade

Dubai Chamber's investments aimed at raising awareness concerning trade and financial investment opportunities in Latin America are expected to get to AED 100 million over the following 10 years, the Chamber's President and CEO, H.E. Hamad Buamim revealed today at the Global Business Forum on Latin The U.S.A. 2018 in Dubai.

Talking during a panel discussion entitled "Tomorrow's Synergies - A Global Dialogue", H.E. Buamim kept in mind that these investments will sustain Dubai Chamber's depictive workplaces in Latin The U.S.A., numerous trade goals organised by the Chamber and market knowledge carried out in the region.

Joining H.E. Buamim in the panel discussion was Monica de Greiff, Executive President, Bogot Chamber of Commerce - Colombia, spoke about how new relations are being developed in between businesses in Latin America and their equivalents in various other emerging markets, and the function that Dubai can play in helping to facilitate gain access to right into markets in Africa and Asia.

" Dubai's strong infrastructure will allow firms to connect with below to lots of interesting markets," said H.E. Buamim, including that Dubai Chamber plays an energetic role in assisting in partnerships and partnerships in between businesses in Latin America and Dubai.

H.E. Buamim spoke about the Chamber's development method in Latin The U.S.A., and disclosed that the organisation is opening two new offices in Panama and Argentina this year, which will certainly complement its existing office in Sao Paulo, Brazil.

As part of its continued efforts to strengthen relationships and presence within Latin American nations, Dubai Chamber of Commerce and Industry signed a Memorandum of Comprehending (MoU) today with the Bogot Chamber of Commerce on the sidelines of the Global Business Forum on Latin The U.S.A. 2018. The MoU will pave the way for more powerful financial investment and trade ties in between Dubai and the city-region of Bogot, Colombia.

For her part, de Greiff described the MoU and the Forum as favorable steps to cultivating new cooperation between Dubai and Latin The U.S.A., and kept in mind that there are lots of opportunities in Colombia that still need to be explored.

" We do not want people to come to Colombia and say they just want to invest. We desire them to find right here and build partnerships. Colombia could also be used as a center to gain access to Latin America - we belong to the Pacific Alliance, that includes a mixed population of 200 million people," she said. Both H.E. Buamim and de Greiff encouraged businesses in Dubai to see Latin The U.S.A., to see the potential that its markets supply.

" Food security, logistics and tourist are existing fields that we can work together on, and there are a variety of companies in Latin America that work within the locations of modern technology and innovation that we have an actual cravings for. By interacting more concerning the reality and exactly what could be done in between us, we could bring in a lot more investments from the Arab World into Latin America," H.E. Buamim explained.

They stressed the importance of knowledge transfer in between the UAE and Latin America, thus exchanges give an opportunity to construct relationships and offer businesses important info on the local business setting.

" We have to keep working with the opportunities in our markets, such as within the fields of oil, financial services, tourist, coffee and flowers. There is a massive chance for firms from Dubai to find to Colombia to develop partnerships and bargains. We wish to make this occur," he said, adding that concrete end results of the Global Business Forum on Latin America 2018 will certainly "proceed for months and years to come."

The Global Business Forum on Latin America 2018 becomes part of a collection of Global Business Forums, arranged by the Dubai Chamber of Commerce and Industry because 2013 to highlight new investment opportunities in a number of emerging and dynamic global markets, including Africa, the Commonwealth of Independent States (CIS) and Latin America.

The forum brought top-level decision makers, including heads of state, priests, very important people, prominent CEOs, heads of private banks, sovereign wealth funds, private equity firms, magnate, and business owners from Latin America, the GCC and beyond.