Dubai to Open Representative Chamber in MexicoBy Emilio Aristegui | Wed, 06/22/2022 - 16:54
The United Arab Emirates (UAE) announced the opening of a representative Chamber from the Dubai International Chamber in Mexico, as both countries continue to strengthen their commercial relationships. The presence of the Chamber in Latin America will allow them to explore new avenues of bilateral economic cooperation.
“Our presence in Mexico falls in line with Dubai International Chamber’s strategy and ongoing efforts to boost Dubai’s foreign trade and support companies in the Emirates with their global expansion,” said Hamad Buamim, President and General Director, Dubai International Chamber.
Dubai International Chamber explained that Mexico is Dubai’s second largest trading partner in Latin America as the bilateral non-oil trade between both countries amounted to US$4.44 billion in 2021. The new office in Mexico will represent a fourth office for Dubai International Chamber’s in Latin America and a “key factor that will boost trade and investment between the UAE and Mexico and align the strategic ambitions of both countries to further diversify their economies and drive sustainable growth in the post-COVID-19 era and beyond,” explained H.E. Ahmed Almenhali, UAE Ambassador to Mexico.
The office’s responsibilities include the identification of new business opportunities in the market that offer vital potential for Dubai companies. It will also assist Mexican companies seeking to enter the Dubai market, leverage possible opportunities and expand to the Middle East, Africa and Asia.
“We are committed to exploring business potential in promising countries that provide opportunities for growth and expansion for Dubai’s business community. Our presence in Mexico will further strengthen an already robust commercial relationship between Dubai and Mexico and identify and capitalize on new trade opportunities and investments in key sectors such as agribusiness, industry, automotive, manufacturing, logistics, infrastructure, digital economy, fintech and tourism,” said Buamim.
Buamim added that the objective of the team is to focus efforts on building strong relationships with public and private sector stakeholders, while supporting Mexican companies that are seeking to enter the Dubai market. Buamim described Mexico as a “top target market” that offers significant business potential that will open new doors for companies in Dubai that are keen to expand their footprint in Latin America.