Dubai Chambers has signed a Memorandum of Understanding with the Los Angeles Area Chamber of Commerce to enhance bilateral economic relations and open new avenues for collaboration between the two cities.
The agreement aims to strengthen trade, investment, and business engagement on a global scale.
The MoU was formalized by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Martin K. Breidsprecher, Chief Financial and Operating Officer of the Los Angeles Area Chamber of Commerce.
Under the agreement, both parties will establish a framework for cooperation focused on promoting knowledge exchange, facilitating business matching, and creating opportunities for companies and entrepreneurs to expand internationally.
The initiative is designed to deepen engagement between the business communities of Dubai and Los Angeles, fostering partnerships and joint initiatives that could drive growth across multiple sectors.
By connecting businesses across continents, the collaboration seeks to unlock new markets, encourage investment flows, and support sustainable economic development in both regions.
This partnership reflects Dubai’s ongoing strategy to strengthen its global economic ties and position itself as a hub for international business and innovation.
News Source: Emirates News Agency
