DMCC partners with London trade investment expert
DUBAI, January 26, 2019
DMCC, the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, said it has signed a MoU with Asia House, the London-based centre of expertise on trade, investment and public policy, to bring a series of high-profile trade dialogues to the Middle East.
The agreement sees DMCC and Asia House explore future co-operation on key projects and events in the Middle East, remarked Ahmed Bin Sulayem, the executive chairman of DMCC, after signing the deal with Lord Green of Hurstpierpoint, the chairman of Asia House.
The conference, sponsored by ABP London Royal Albert Dock, will explore the key trends shaping global trade and investment with a particular focus on technology.
These include a major conference 'The Future of Trade: The Middle East’s Pivot to Asia’ which will be held on March 24 at DMCC’s Dubai headquarters in Almas Tower, stated the official during a meeting at the Embassy of the UAE in London and in the presence of Sulaiman Hamid Almazroui, UAE Ambassador to the United Kingdom and Northern Ireland.
"The political and economic partnership between the United Arab Emirates and nations across Asia has never been stronger," he noted.
The agreement signed today between DMCC and Asia House reflects this era of prosperity, and the UAE government commends both parties for collaborating to drive trade from Asia through Dubai, the UAE and beyond, said Bin Sulayem.
The MoU follows the highly successful ‘New Global Trade Order’ conference, held in partnership between Asia House and DMCC in Dubai in April 2018, which saw government ministers, WTO officials and leading business figures participate in a high-level dialogue on the shifts in world trade.
"DMCC contributes over 10 percent to Dubai’s overall GDP, and much of this revenue is the result of a successful strategy to attract investment from Asian economies," stated Bin Sulayem.
"As the world’s economic gravity continues to shift eastwards, signing this agreement with Asia House is a logical step that will enhance our existing ties with a very important growth market for both DMCC and the UAE as a whole," stated the official.
"In times of uncertainty, economic progress requires international partnership, bold decision making and a collective sense of purpose. The upcoming DMCC and Asia House event provides precisely this, and we look forward to March 2019 with great promise," said Bin Sulayem.
The memorandum underscores DMCC’s role in attracting, facilitating and promoting global trade through Dubai. It also underlines the commitment from Asia House to drive global engagement with the Middle East, he added.
Lord Green said: "Given the region’s increasing importance to global trade and investment, Asia House is placing a greater focus on the Middle East. We have launched a Middle East Programme to ensure our stakeholders gain access to the most accurate insights and analysis, and we are committed to holding major events in the region."
"DMCC, as a leading free zone in the Middle East, represents a key regional partner for us, and we look forward to working with them on our upcoming conference in Dubai in 2019," he added.-TradeArabia News Service
