Dubai, UAE: Dubai Chamber of Commerce and Industry recently hosted a business delegation from the Small and Medium Enterprises General Authority of Saudi Arabia (Monsha’at) that included representatives of SMEs operating in the kingdom.
During the meeting held at Dubai Chamber’s head office, Chamber officials provided an overview of Dubai’s economic prospects, business environment and entrepreneurial ecosystem. Delegates were also briefed on Dubai Chamber’s comprehensive strategy that aims to support the success and growth of SMEs and startups in Dubai through a wide range of initiatives, programmes, events, resources and tools.
Atiq Juma Nasib, Senior Vice President of Commercial Services, Dubai Chamber, and Hassan Al Hashemi, Director of International Relations, Dubai Chamber, received the Saudi delegation which was led by Faisal Al-Sultan, Programme Manager for Monsha’at.
Addressing the delegation, Nasib affirmed Dubai Chamber’s commitment to strengthening UAE-Saudi economic ties and boosting bilateral cooperation in the SME sector. He noted that SMEs in the UAE and Saudi Arabia are playing an important role in fostering economic growth and innovation, in addition to supporting diversification goals that are outlined in the UAE Vision 2021 and the Saudi Vision 2030.
He revealed that Saudi Arabia remains the top export destination for Dubai Chamber members, and stressed the importance of forging new partnerships between business communities in Dubai and Saudi Arabia, especially within the SME and entrepreneurial communities, as these segments are crucial to the long-term stability of both economies.