Dubai and London chambers strike deal to boost trade, investment

Thursday, 5 December 2024 15:56

By ARN News Staff

Dubai Chambers has signed a Memorandum of Understanding with the London Chamber of Commerce and Industry to strengthen economic and investment ties between the two cities.

The agreement focuses on fostering collaboration and supporting businesses from both Dubai and London to expand and thrive in each other’s markets.

Under the MoU, Dubai Chambers will assist London-based companies from various sectors in growing their operations in Dubai, while the London Chamber will help Dubai investors access opportunities within London’s business community.

The two sides will also cooperate on organising trade fairs, investment missions and exhibitions, and share key economic and trade data.

The MoU was signed by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Karim Fatehi, Chief Executive of the London Chamber of Commerce and Industry.

The two officials expressed their commitment to strengthening global partnerships that support business growth, innovation and shared success.

This initiative aligns with Dubai’s Economic Agenda, D33, which aims to double the city’s economy over the next decade and position it as one of the world’s top three business hubs.

. @DubaiChambers signs MoU with London Chamber of Commerce and Industry. The agreement aims to strengthen connections between the business communities in #Dubai and London and foster enhanced collaboration on joint initiatives.https://t.co/CPEqTUUcGO pic.twitter.com/yUMWQox4gb
— Dubai Media Office (@DXBMediaOffice) December 5, 2024

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