Monday 22 October 2018

Dubai Chamber urges expansion of German ties

DUBAI, December 8, 2017

The 6th Dubai Hamburg Business Forum recently concluded in the Germany city with a call to expand cooperation between Dubai-based businesses and their Hamburg counterparts in the areas of digitalisation, smart mobility and fintech.

The forum was organised by the Dubai Chamber of Commerce and Industry in cooperation with Hamburg Chamber of Commerce, while it also coincided with a high-level trade mission to Hamburg led by Dubai Chamber.

Held under the theme, “Digitalisation – The Driver of Tomorrow’s Growth”, the forum brought together public and private sector stakeholders from Dubai and Germany to explore new horizons for fruitful cooperation between the two cities.

Addressing delegates at the forum, Ali Abdullah Ahmed, Ambassador at the UAE Embassy in Berlin highlighted the many synergies which Dubai and Hamburg share as cities that have witnessed rapid change and digital transformation in recent years. He pointed out that Dubai has achieved great progress in its mission to become one of the smartest cities in the world, while Hamburg has successfully leveraged Internet of Things (IoT) technology to maximise the advantages of digitalisation.

“There is no doubt that the future will be digital, with new technologies and innovations expected to transform our business communities. By strengthening our cooperation, I believe we can pave the way for new partnerships that fuel digital transformation and create great value and benefits for our societies,” said Al Ghurair.

In his welcome remarks, Tobias Bergmann, president of Hamburg Chamber of Commerce, described Dubai as Hamburg’s most important industrial partner, and added that economic cooperation between the two cities fosters employment, stimulates innovation and new product developments in many fields.

Hamad Buamim, president and CEO, Dubai Chamber, noted that Dubai offers German businesses plenty of growth opportunities as a gateway offering easy access to emerging markets in the Middle East, Asia, and Africa, adding that Germany, as a leading centre for innovation, education, and renewable energy, can provide the right expertise to support Dubai’s transition to a sustainable and knowledge-based economy.

Al Mazrouei, acting executive vice president of FinTech Hive at DIFC, noted that Germany and the UAE are two countries which aim to become leading fintech hubs, and revealed that DIFC recently launched a $100 million fintech-focused fund to accelerate the development of the financial technology in the MEASA region.

“We look forward to fostering our collaboration with Germany and sharing knowledge to further enhance the fintech industry and the investment environment in the UAE and deliver on our commitment to support DIFC’s vision of being the hub for fintech in the region,” said Al Mazrouei.

Following the forum, the Dubai Chamber-led delegation visited Hamburg’s Center of Applied Aeronautical Research, Airbus, and Hamburg’s Health Innovation Port, where they learned more about new and innovative technologies that have been adopted throughout the German city. – TradeArabia News Service

Tags: Dubai Chamber |

More Finance & Capital Market Stories

calendarCalendar of Events