Dubai Chambers has signed a Memorandum of Understanding with the Victorian Chamber of Commerce and Industry in Australia to strengthen trade and investment cooperation between the two markets.
The agreement, inked during the 14th World Chambers Congress in Melbourne from September 2 to 4, aims to attract more Australian companies to Dubai while supporting Dubai-based businesses in expanding into Victoria. It also covers collaboration on specialised trade exhibitions, investment missions, and data exchange.
Dubai Chambers revealed it held over 25 bilateral meetings with government bodies, private companies, and chambers of commerce on the sidelines of the congress. These discussions focused on showcasing Dubai’s economic opportunities and exploring new channels for global partnerships.
Speaking during a panel on geo-economics, Dubai Chambers President and CEO Mohammad Ali Rashed Lootah highlighted that capital gravitates towards business hubs with stability, diversification, and openness, noting Dubai’s positioning as such a hub.
The World Chambers Congress gathered more than 1,200 chamber leaders from 100 countries, underlining its role as a key platform for international economic dialogue.
News Source: Emirates News Agency
