November 16, 2023
2 mins read

Dubai International Chamber Opens Frankfurt Office

The new representative office is the chamber’s fifth in Europe and 26th worldwide….reports Asian Lite News

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has enhanced its growing presence in Europe with the inauguration of a new international representative office in Germany. Strategically located in Frankfurt – the financial capital of the Eurozone – the office further strengthens the emirate’s robust economic relationship with Germany and will facilitate the growth of business, trade, and investments between the two markets.

The new representative office is the chamber’s fifth in Europe and 26th worldwide. The opening of the Frankfurt office comes as part of ‘Dubai Global,’ an initiative spearheaded by Dubai International Chamber aimed at attracting foreign investment, talent, and business to the emirate while enabling Dubai-based companies to expand their business in 30 priority markets overseas.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, “With the establishment of our Frankfurt office, we are eager to further expand the trade and economic ties that unite Germany and Dubai. The opening places us firmly on track to achieve our target of building a network of 50 integrated commercial representative offices for Dubai across five continents by 2030. The chamber’s international offices support our drive to boost non-oil foreign trade to AED 2 trillion by 2026 and achieve the D33 economic agenda’s ambition of doubling the size of the emirate’s economy by 2033.”

With the goal of attracting foreign MNCs, SMEs, and investors to Dubai, the Frankfurt office will provide focused support to the German business community and build strong relationships with key public and private sector stakeholders. The new office will also showcase Dubai’s competitive advantages and share investment intelligence to support German businesses seeking to enter Dubai and leverage the emirate as a launchpad for their global ambitions.

In addition, the Frankfurt office will support and guide Dubai-based companies that plan to expand into Germany by providing detailed market intelligence and business introductions, connecting local companies with trusted German stakeholders and potential partners that can help them access the European market and scale their operations.

A total of 433 German companies registered as members of Dubai Chamber of Commerce between January and August this year, an increase of more than 50 percent compared to the 288 companies that registered during the corresponding period in 2022. This strong growth reflects the growing interest in Dubai among the German business community.

The total value of non-oil trade between the UAE and Germany reached over AED 29.3 billion (US$ 8 billion) in 2022, with key sectors for trade including machinery; vehicles and electronics; pharmaceutical products; aircraft and parts; precious stones and metals; medical instruments; and plastics. The chamber aims to strengthen an already robust commercial relationship by boosting trade across multiple sectors. Promising investment opportunities have also been identified in areas such as the automotive industry, chemical products, and electrical goods.

ALSO READ: Dubai Airshow Displays Latest Aircraft Innovations

Previous Story

Gulf’s $2T Green Construction to Spur Jobs, Cut Emissions

Next Story

UAE President Tours Dubai Airshow

Latest from -Top News

UN urges restraint in Pak-Afghan clashes

Bennett’s statement came after Taliban spokesperson Zabihullah Mujahid said that 12 Afghan civilians were killed and over 100 others injured in recent attacks…reports Asian Lite News UN Special Rapporteur on human rights

Pakistan-Afghanistan border Attack kills 12

Mujahid said that multiple Pakistani soldiers were killed in retaliatory action by Afghan forces…reports Asian Lite News At least 12 people were killed and more than 100 injured in a Pakistani military

India, UK military conduct joint exercise

The exercise also reaffirmed the shared commitment of India and the United Kingdom towards maintaining regional peace, security, and stability. The Indian Air Force (IAF) conducted a joint exercise with the United

16 dead in Dhaka factory fire

The death toll in the blaze is likely to rise, warned another fire official, who did not want to be named….reports Asian Lite News At least 16 people have died after a

India wins unopposed seat on UNHRC

India last served on the HRC in 2024, completing a second consecutive term….reports Asian Lite News India has been elected unopposed to the UN Human Rights Council (HRC) for the seventh time,
Go toTop

Don't Miss

UAE urges residents to take booster jabs to counter variants

UAE health authorites are closely monitoring the pandemic in countries

New ministers swear-in before Prez, VP

President Sheikh Mohamed wished the ministers every success in performing