The Dubai Chamber of Digital Economy has officially signed a Memorandum of Understanding (MoU) with the Geneva Chamber of Commerce, Industry, and Services, aiming to enhance collaboration between private sector companies in both cities.
The agreement focuses on promoting investment opportunities in key sectors, including digital technologies, cleantech, health, education, commodities trading, and financing.
The MoU outlines mutual support for Geneva-based firms to leverage Dubai’s competitive advantages as a global export hub and a prime investment destination. Conversely, Dubai-based companies will receive assistance in expanding their operations into the Geneva market. A notable feature of the agreement is the joint development of a platform dedicated to cross-cultural training and capacity building, aimed at facilitating business operations across diverse cultures and languages.
The signing ceremony was attended by H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Vincent Subilia, Director General of the Geneva Chamber, along with other leaders and officials from both organizations.
H.E. Lootah emphasized the significance of the agreement, stating,
“This partnership reflects our commitment to fostering cross-border collaborations, showcasing Dubai as a leading global destination for investment and trade, particularly in the digital economy.”
Subilia echoed this sentiment, highlighting the MoU as a consolidation of their long-standing relationship and a gateway for Geneva’s businesses to tap into the dynamic Dubai market.
The Dubai Chamber of Digital Economy continues to play a crucial role in positioning Dubai as a global capital of the digital economy, aligning with the Dubai Economic Agenda (D33) to drive innovation and growth in technology sectors.
News Source: Dubai Media Office
