The Times Australia
News From Asia

.
Men's Weekly

.

Expanding Dubai's Asia Pacific Presence - Dubai Chambers inaugurates new office in Hong Kong to Drive Mutual Economic and Business Growth

  • The establishment of the new office was announced on the sidelines of the UAE-Hong Kong Business Forum in the presence of Honourable John Lee, Hong Kong's Chief Executive, with attendance of a high-level delegation.
  • At the forum, Dubai Chambers and HKTDC signed an MoU to enhance collaboration for the support and advancement of mutual goals including fostering a positive economic environment and developing trade relationships and business opportunities between Dubai and Hong Kong.

  • DUBAI, UAE - Media OutReach - 9 February 2023 - Dubai Chambers announced the establishment of its new international office in Hong Kong, to drive mutual economic and business growth and enhance trade ties between Dubai and Hong Kong.

    Hong Kong Chief Executive John Lee Ka-chiu to drive mutual economic and business growth and enhance trade ties between Dubai and Hong Kong
    Hong Kong Chief Executive John Lee Ka-chiu to drive mutual economic and business growth and enhance trade ties between Dubai and Hong Kong

    The announcement was made on the sidelines of the UAE-Hong Kong Business Forum, which took place yesterday in Dubai with attendance of a high-level delegation from Hong Kong, led by Honourable John Lee, the city's Chief Executive, and several UAE government and business leaders including H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade, H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, H.E. Sultan Bin Sulayem, Chairman of Dubai International Chamber, H.E. Faisal Juma Khalfan Belhoul, Vice Chairman of Dubai Chambers and Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers.

    The office will promote trade from Hong Kong to Dubai and attract more Hong Kong businesses to the emirate while also expanding Dubai's Asia Pacific presence. It will collaborate with Hong Kong Trade Development Council (HKTDC) and other government and private sector entities to leverage the exciting growth of Dubai and Hong Kong economies.

    The new office comes in line with the 'Dubai Global' initiative launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to establish 50 representative offices for Dubai in five continents by 2030. Dubai Global, led by Dubai International Chamber, aims to attract foreign MNCs, SMEs, investors, and international talent to Dubai by showcasing the emirate's competitive advantages, sharing investment intelligence, and engaging with overseas stakeholders.

    Emphasizing the significant potential to further collaborate and expand Dubai-Hong Kong partnerships, Dubai Chambers signed an MoU with the Hong Kong Trade Development Council (HKTDC) to collaborate for the support and advancement of mutual goals, including fostering a positive economic environment and developing trade relationships and business opportunities between Dubai and Hong Kong.

    Commenting on the new Hong Kong Office and the MoU, H.E. Al Ghurair said: "Dubai and Hong Kong have longstanding relations spanning decades. This MoU strengthens the existing relationship and will boost trade and investment between our two economies. I look forward to seeing continued collaboration with our Hong Kong counterparts, especially with the presence of our new international office in Hong Kong. I am sure the relationship between our countries will continue to thrive and prosper in the years to come."

    The MoU enables both parties to gain support and assistance from each other in organizing seminars and outreach activities, trade and investment missions, as well as commercial visits. Through the MoU, both Dubai Chambers and HKTDC agree to provide mutual assistance on trade enquiries, business matching or networking activities as well as to strengthen co-operation and provide information on opportunities for industry sectors of mutual interests.

    The UAE is the largest trading partner for Hong Kong in the Middle East. Non-oil trade between the UAE and Hong Kong reached AED22.2 billion in the first half of 2022, registering a growth of 16.2% compared to the same period in 2021, while non-oil trade between Dubai and Hong Kong reached AED37.2 billion in 2021.

    With precious stones and electronics making the bulk of trade products between Dubai and Hong Kong, other high potential areas for trade are apparel and clothing accessories, fresh fruits, pharmaceuticals, nickel, rubber and aircraft parts.


    Hashtag: #DubaiChambers

    The issuer is solely responsible for the content of this announcement.

    Dubai Chambers

    Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit us on:

    Times Magazine

    Effective Commercial Pest Control Solutions for a Safer Workplace

    Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

    The Science Behind Reverse Osmosis and Why It Matters

    What is reverse osmosis? Reverse osmosis (RO) is a water purification process that removes contaminants by forcing water through a semi-permeable membrane. This membrane allows only water molecules to pass through while blocking impurities such as...

    Foodbank Queensland celebrates local hero for National Volunteer Week

    Stephen Carey is a bit bananas.   He splits his time between his insurance broker business, caring for his young family, and volunteering for Foodbank Queensland one day a week. He’s even run the Bridge to Brisbane in a banana suit to raise mon...

    Senior of the Year Nominations Open

    The Allan Labor Government is encouraging all Victorians to recognise the valuable contributions of older members of our community by nominating them for the 2025 Victorian Senior of the Year Awards.  Minister for Ageing Ingrid Stitt today annou...

    CNC Machining Meets Stage Design - Black Swan State Theatre Company & Tommotek

    When artistry meets precision engineering, incredible things happen. That’s exactly what unfolded when Tommotek worked alongside the Black Swan State Theatre Company on several of their innovative stage productions. With tight deadlines and intrica...

    Uniden Baby Video Monitor Review

    Uniden has released another award-winning product as part of their ‘Baby Watch’ series. The BW4501 Baby Monitor is an easy to use camera for keeping eyes and ears on your little one. The camera is easy to set up and can be mounted to the wall or a...

    The Times Features

    Running Across Australia: What Really Holds the Body Together?

    How William Goodge’s 3,800km run reveals the connection between movement, mindset, and mental resilience As a business owner, I’ve come to realise that the biggest wins rarely com...

    Telehealth is Transforming Healthcare Services in Australia

    It has traditionally not been easy to access timely healthcare in Australia, particularly for people who live in remote areas. Many of them spend hours on the road just to see a...

    Launchd Acquires Huume, Strengthening Creative Firepower Across Talent-Led Marketing

    Launchd, a leader in talent, technology and brand partnerships, has announced its acquisition of influencer talent management agency Huume from IZEA. The move comes as the medi...

    Vietnam's "Gold Coast" Emerges as Extraordinary Investment Frontier and Australian Inspired Way of Life

    $2 Billion super-city in Vung Tau set to replicate Australia's Gold Coast success story A culturally metamorphic development aptly named "Gold Coast" is set to reshape Vietna...

    Choosing the Wrong Agent Is the #1 Regret Among Aussie Property Sellers

    Selling your home is often one of the largest financial transactions you’ll make, and for many Australians, it’s also one of the most emotional. A new survey of Australian home se...

    Travel Insurance for Families: What Does it Cover and Why it’s Essential

    Planning a family trip is exciting, but unexpected mishaps can turn your dream vacation into a stressful ordeal. That’s where travel insurance comes in—it’s your safety net when ...