Dubai Chambers has signed a Memorandum of Figuring out (MoU) with Make investments Seoul, a South Korean funding promotion company, to give a boost to the funding and business alternatives to be had to the non-public sector in Dubai and Seoul.
The MoU seeks to form partnerships between the industry communities in Dubai and Seoul. The guarantee is about to unencumber alternatives for enlargement and cooperation between companies in each markets that wish to extend in promising sectors. The MoU will advertise collaboration in setting up business missions, meetings, and industry occasions devoted to sharing experience and information, which is able to deliver mutual advantages for each events and force enlargement and innovation.
The MoU was once signed at Dubai Chambers’ headquarters within the presence of representatives from each towns together with Oh Se-hoon, Mayor of the Seoul Metropolitan Govt, and His Excellency Faisal Juma Khalfan Belhoul, Vice Chairman of Dubai Chambers. The guarantee seeks to assemble at the well-established financial members of the family between Dubai and South Korea. Non-oil bilateral business between the 2 markets exceeded AED 16.5 billion in 2023, week a complete of 289 firms from South Korea had been registered as energetic participants of Dubai Chamber of Trade as of March 2024.
His Excellency Faisal Juma Khalfan Belhoul, Vice Chairman of Dubai Chambers, commented: “Dubai Chambers is focused on providing our members with new growth opportunities in key strategic markets around the world and attracting investment and expansion to Dubai. Our cooperation with Invest Seoul will contribute to the development of diverse trade and investment prospects for the private sector in both markets. We look forward to fostering partnerships with the Seoul business community in promising sectors to strengthen bilateral relations and drive mutual growth and prosperity.”
His Excellency added: “With its advanced logistics capabilities and infrastructure, favourable business environment, and culture of innovation, our city is perfectly positioned to serve as a hub for growth in the region and beyond. We are committed to supporting South Korean companies in capitalising on promising opportunities in Dubai and leveraging the emirate’s competitive advantages to drive their global expansion, as well as providing comprehensive assistance to local companies seeking to do business in South Korea.”
As a part of its efforts to make stronger financial members of the family with South Korea, Dubai Chambers signed an MoU with the Korea Federation of SMEs (KBIZ) to assemble connections between the industry communities in Dubai and South Korea and inspire partnerships between firms in each markets.
Dubai Chambers is dedicated to supporting participants with their international growth plans in strategic markets world wide, attracting international funding and world firms to the emirate, and adorning Dubai’s popularity as a international hub for industry and funding. The chambers’ strategic goals are carefully aligned to the objectives of the Dubai Financial Time table (D33), which objectives to double the scale of the emirate’s economic system over the approaching decade and consolidate Dubai’s place some of the supremacy 3 towns globally.
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