Dubai International Chamber approves 3-year strategy to elevate Dubais position as a global trade hub

Dubai International Chambers board of directors recently approved a new strategy for the next three years (2022-2024), which aims to elevate Dubai's position as a global trade hub, attract multinational companies to the emirate and support local companies with international expansion.

The virtual meeting was led by His Excellency Sultan bin Sulayem, Chairman of Dubai International Chamber, and during the meeting, the board approved Dubai International Chambers budget for the current year and discussed the priorities and plans outlined under its three-year strategy.

The new strategy focuses on attracting 50 multinational companies to Dubai within three years, supports the external expansion of 100 companies from Dubai to priority foreign markets within two years with the aim of improving the business environment in Dubai and making it conducive to business growth with a focus on multinational companies. In addition to supporting and motivating multinational companies to list on the Dubai Financial Market.

His Excellency Sultan bin Sulayem, Chairman of Dubai International Chamber, said new strategy supports the five-year plan announced by HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to boost Dubais non-oil foreign trade to AED 2 trillion. He added that the plan, once implemented, woudl elevate Dubais position in the global arena and expand the emirates trade partnerships with promising markets around the world.