Dubai and Australian Chambers Ink Deal to Strengthen Economic and Investment Cooperation

Dubai, UAE – Dubai Chambers has entered into a Memorandum of Understanding (MoU) with the Australian Chamber of Commerce and Industry aimed at strengthening economic ties and fostering collaboration between the business communities of Dubai and Australia.

The MoU, signed to enhance cooperation in trade, investment, and economic development, facilitates the exchange of data and expertise between the two entities. It also encourages joint studies and research initiatives focusing on business legislation and economic trends. By fostering such partnerships, both parties aim to achieve mutual objectives that will bolster bilateral trade and attract investments.

Hassan Al Hashemi, Vice President of International Relations at Dubai Chambers, highlighted the significance of international partnerships in supporting local businesses’ expansion into global markets. He emphasized that the agreement with the Australian Chamber of Commerce and Industry aligns with Dubai Chambers’ strategy to attract international investments and companies to Dubai.

Lyall Gorman, Deputy President of the Australian Chamber of Commerce and Industry, expressed enthusiasm about the MoU, emphasizing its potential to enhance economic activities and promote information exchange between the two regions. He praised the progressive nature of both chambers and anticipated substantial benefits from their collaboration.

In a proactive move last year, Dubai International Chamber, a subsidiary of Dubai Chambers, established an international representative office in Sydney, Australia. This initiative underscores Dubai’s commitment to deepening economic partnerships with Australia and achieving its strategic objectives.

Dubai Chambers continues to play a pivotal role in supporting the Dubai Economic Agenda (D33), which aims to double the emirate’s economy over the next decade and solidify its position among the world’s leading business hubs.

The MoU signifies a milestone in Dubai’s efforts to strengthen its economic footprint globally, fostering a conducive environment for business growth and international investments.