Dubai International Chamber launches New Horizons Trade Mission to Central Asia
![Dubai International Chamber launches New Horizons Trade Mission to Central Asia Dubai International Chamber launches New Horizons Trade Mission to Central Asia](/wp-content/uploads/2023/03/Mohammad-Lootah-addressing-the-delegates-scaled.jpg)
Driving international expansion of Dubai businesses
- New Initiative to grow members’ connectivity with global markets begins with Trade Mission to explore Dubai-based business expansion potential in Uzbekistan, Kazakhstan and Kyrgyzstan
- Lootah: We aim to encourage domestic businesses to build an international presence
- Initiative is in line with strategic priority to drive Dubai Chambers members’ international expansion
- Supports Dubai’s plan to increase the emirate’s foreign trade to AED2 trillion by 2026
Dubai, UAE – Dubai International Chamber, one of the three Chambers operating under Dubai Chamber, launched today “New Horizons”, a new initiative to drive international expansion of its members to new markets.
‘New Horizons’ allows companies to join roadshows to gain first-hand knowledge of how to establish and do business in various select countries and priority markets.
The first in a series of ‘New Horizons’ events will see a large delegation of Dubai business leaders heading to Central Asia between 14 – 21 March, 2023, to better understand and explore business opportunities in Uzbekistan, Kazakhstan and Kyrgyzstan.
The delegation, headed by Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, will feature 26 Dubai-based companies representing 16 sectors. The delegates gathered today at Dubai Chambers headquarters for a pre-Trade Mission briefing, during which details of the trip, and further information on the economic outlook of the three nations was revealed.
New Horizons builds on the ‘In Focus’ scheme. Both initiatives aim to assist in driving members’ international expansion while supporting Dubai’s plan to increase the emirate’s foreign trade to AED2 trillion by 2026. One of the Chamber’s key objectives is to support 100 businesses to expand globally within the next two years.
‘In Focus’ events, held in Dubai, aim to connect Dubai businesses with public and private sector leaders of select countries to drive their interest in those regions as potential destinations for international business expansion and guide them through every stage of their international growth journey. The first In Focus event was held in December 2022 and put Central Asia market under the spotlight.
Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: “The In Focus and New Horizon initiatives reflect our ongoing efforts to connect our members to new opportunities for business growth in priority markets worldwide. Through the events in Dubai and in the market or country in focus, we aim to encourage domestic businesses to build an international presence, while promoting Dubai as a thriving global investment hub and encouraging FDI and new partnerships from the markets we visit.”
Lootah added that the upcoming Trade Mission will provide the participating business leaders from Dubai with insight, information, and guidance on exporting to or investing in Central Asia. “We will soon embark on this exciting Trade Mission which includes local expert talks, pre-arranged business matching activities, networking meetings and site visits to industrial and economic zones, alongside cultural and engagement activities. New Horizons to Central Asia will enable us all to engage in focused and meaningful discussions with decision makers from the government and private sectors in Uzbekistan, Kazakhstan and Kyrgyzstan,” he added.
In the three nations, the largest contributors to GDP include manufacturing, trade, transport, agriculture and construction. UAE exports to these Central Asian nations include electronics, vehicles, machinery and tobacco. Central Asia is already an important market for Dubai: in 2021, Dubai’s non-oil trade with the three countries reached US$2.4 billion.
The trip offers the chance for companies in a variety of sectors to seek out trading partners and develop new bilateral trade agreements. Several opportunities exist for Dubai-based businesses in areas including agriculture, metallurgy, tourism and construction.
The Trade Mission is a golden opportunity to engage with both public and private sector leaders to promote cross-border partnerships and drive mutual business growth. The eight-day roadshow takes in four cities: Tashkent, Uzbekistan; Astana and Almaty, Kazakhstan; and Bishkek in Kyrgyzstan.
Dubai Chambers is committed to supporting its members to globally expand into strategic markets across the world as well as attract foreign investments and international companies – including those from Central Asia – to the emirate and enhance Dubai’s reputation as a global business and trade hub.
Other News
![Dubai Chamber of Commerce receives 79 mediation cases during the first half of 2024 Dubai Chamber of Commerce receives 79 mediation cases during the first half of 2024](/wp-content/uploads/2024/07/Khalid-Al-Jarwan-VP-Operations-scaled.jpg)
Khalid Al Jarwan: “We are committed to protecting the interests of the business community, and our mediation service represents another essential tool that enhances the competitiveness of Dubai’s favourable business environment.” Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers,…
Read more![Over 34,000 new companies become members of Dubai Chamber of Commerce during H1 2024, representing YoY growth of 5% Over 34,000 new companies become members of Dubai Chamber of Commerce during H1 2024, representing YoY growth of 5%](/wp-content/uploads/2024/05/H.E.-Abdul-Aziz-Al-Ghurair-Chairman-Dubai-Chambers-1.jpg)
Abdul Aziz Abdulla Al Ghurair: “The chamber’s activity during the first half of the year reflects the emirate’s growing position as a global capital for business, trade, and investment in line with the goals of the Dubai Economic Agenda (D33).” A total of 372,000 certificates of origin were issued during…
Read more![Dubai Chamber of Commerce seeks to encourage private sector participation in ‘Parent-friendly Label’ programme Dubai Chamber of Commerce seeks to encourage private sector participation in ‘Parent-friendly Label’ programme](/wp-content/uploads/2024/07/H.E.-Sana-Mohamed-Suhail-Director-General-of-ECA-2.jpg)
Mohammad Ali Rashed Lootah: “We are keen to promote the adoption of parent-friendly practices among institutions and businesses, which has a positive impact on the community, enhances the work environment, and strengthens Dubai’s position as a highly attractive destination for leading global talent.” Sana Mohamed Suhail: “Collaborating with Dubai Chambers…
Read more![Dubai Chamber of Commerce launches Colombian Business Council Dubai Chamber of Commerce launches Colombian Business Council](/wp-content/uploads/2024/06/During-the-Annual-General-Meeting-1.jpg)
Maha Al Gargawi: “Business Councils serve as important platforms to enhance cooperation, develop promising opportunities, and build fruitful partnerships.” Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Colombian Business Council to strengthen bilateral…
Read more![Dubai Chamber of Commerce launches Mexican Business Council to boost bilateral trade and investment opportunities Dubai Chamber of Commerce launches Mexican Business Council to boost bilateral trade and investment opportunities](/wp-content/uploads/2024/06/During-the-Annual-General-Meeting.jpg)
Maha Al Gargawi: “We are committed to empowering Business Councils to contribute to increasing promising opportunities between the private sector in Dubai and business communities around the world.” A total of 108 companies from Mexico were registered as active members of Dubai Chamber of Commerce at the end of Q1…
Read more