- The MoU, signed on the sidelines of the 12th World Chambers Congress, builds new bridges between business communities in Dubai and Hamburg.
- The agreement aims to expand cooperation in key areas of mutual interest, such as innovation, energy, advanced technologies, mobility, exhibitions and conferences and chamber services.
- H.E. Buamim – Strategic agreement is a natural next step to tap into existing trade and investment potential.
Dubai, UAE: Dubai Chamber and Hamburg Chamber of Commerce have signed a Memorandum of Understanding (MoU) to renew their strategic partnership, initiated in 2007, and foster closer ties between the UAE and German business communities.
The agreement, signed on the sidelines of the 12th World Chambers Congress (WCC) in Dubai, focuses on the common goals of innovation, with a strong focus on energy, mobility and new technologies.
Under the agreement, the two chambers agreed to extend their cooperation, share knowledge and best practices on membership-related services through institutional exchange, including exchange and cooperation in other countries where the organisations maintain a presence.
The chambers will jointly coordinate future initiatives and foster cooperation in the healthcare sector between both regions and co-organise meetings between companies in both countries.
Commenting on the partnership, H.E Hamad Buamim, President & CEO, Dubai Chamber, remarked, “Both Chambers realize the importance of cooperation to drive innovation and to provide effective solutions to boost energy, address environmental concerns and promote sustainability and mobility.”
He noted that Dubai and Hamburg are remarkably similar in terms of logistical prowess, strategic geographical location and strong emphasis on being a trade hub. Therefore, this MoU with the Hamburg Chamber of Commerce seems as a natural next step to tap into existing trade and investment potential.
H.E. Buamim added that the MoU aligns with the Chamber’s efforts to offer members’ access to growth opportunities and explore business partnerships with their global counterparts.
“In line with our strategic vision, Hamburg 2040′, the cooperation with Dubai Chamber of Commerce and Industry will provide new opportunities for our member companies in Dubai and beyond. Thanks to its openness for new ideas, Dubai provides an excellent launch pad for innovation from Hamburg. Furthermore, as a global hub Dubai is a great starting point for Hamburg-based companies to spot the latest trends in business and innovation and develop new markets in the region,” says Dr Malte Heyne, CEO of the Hamburg Chamber of Commerce.
Dubai Chamber and Hamburg Chamber of Commerce started their strategic partnership in 2007 and since then have worked diligently to bring together business communities from both sides.
This partnership has created new channels of fruitful cooperation over the last decade, with the Dubai-Hamburg Business Forum serving as an important platform for business exchange under this partnership.
Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.
Dubai Chamber of Commerce and Industry provides an integrated system of smart and electronic services that cover all the requirements of the business community, enabling businesses to complete all their transactions remotely easily, easily and according to the highest international standards. The Chamber is one of the pioneer provider of smart services, with smart transformation of 98% of its core services, which can be accessed using the smart application of the Chamber or by visiting the website.