Published On: 28/02/2018

Dubai, UAE: The Dubai Chamber of Commerce and Industry has signed a Memorandum of Understanding (MoU) with the Costa Rican government to open a representative office for Costa Rica in Dubai.

The MoU was signed by H.E. Majid Saif Al Ghurair, Chairman of Dubai Chamber, and H.E. Manuel Gonzalez Sanz, Costa Rica’s Minister of Foreign Affairs and Worship, who represented the government of Costa Rica, during a ceremony held on the sidelines of the Global Business Forum on Latin America 2018 in Dubai.

Under the terms of the MoU, Costa Rica’s government will open a representative office in Dubai, located at Dubai Chamber’s headquarters. The agreement supports the efforts of the UAE and Costa Rica to strengthen bilateral cooperation and facilitate trade and investment flows. In addition, it will enable business communities in Costa Rica to expand their global footprint by leveraging Dubai’s strategic position to access markets across the Middle East, Africa and Asia.

“The opening of Costa Rica’s representative office in Dubai is a positive development that will improve our economic relations with the country and the Latin America region. It will enable companies in Costa Rica and other Latin American nations to benefit from the competitive advantages offered by Dubai, and boost their trade with other parts of the world,” said H.E. Al Ghurair.

Dubai Chamber’s Chairman said: “Our economic relations with Costa Rica are witnessing remarkable growth, supported by a strong commitment from both sides to promote trade and investment opportunities that are mutually beneficial.”

“We are thankful to the Dubai Chamber of Commerce and Industry for the opportunity to open our Representative Office in Dubai. It is in line with one of our key goals of economic diplomacy – to create active spaces for the promotion of Costa Rica and our goods and services in the most dynamic hub of the Middle East, that serves Asia and Africa, and within one of the most efficient and professional Chambers worldwide,” said H.E. Manuel Gonzalez Sanz.

“With this agreement, we are creating a platform that will serve the private sector of both nations in generating wealth and with material progress, bringing good and better jobs and prosperity for all. I thank the generosity and friendship of Their Excellencies Majid Saif Al-Ghurair and Hamad Buamim for having joined hands with our Foreign Ministry in strengthening the Costa Rica-UAE relations,” the minister added.

The Global Business Forum on Latin America 2018 is part of Dubai Chamber’s Global Business Forum series, launched in 2013 to highlight new investment opportunities in many emerging and dynamic global markets, including Africa, the Commonwealth of Independent States (CIS) and Latin America.

The second edition of GBF Latin America 2018, held on February 27th-28th, brought together top-level decision makers, including heads of state, ministers, dignitaries, prominent CEOs, heads of private banks, sovereign wealth funds, private equity firms, business leaders, and entrepreneurs from Latin America, the GCC and beyond.