- H.E. Mohammad Ali Rashed Lootah: “We’re dedicated to strengthening cooperation between the enterprise communities in Dubai and Bangladesh to foster partnerships and contribute to reaching shared developmental targets.”
- H.E. Taskeen Ahmed: “Bangladeshi nationals represent one of many largest expatriate communities within the UAE, accounting for 17% of Bangladesh’s whole abroad employment, making the UAE the second-largest vacation spot after Saudi Arabia.”
- The worth of non-oil commerce between Dubai and Bangladesh reached AED 5.1 billion in the course of the first 9 months of 2024, reflecting annual progress of 23.4%.
- The variety of Bangladeshi corporations registered as lively members of Dubai Chamber of Commerce reached 8,686 by the top of 2024, reaching annual progress of 19%.
Dubai Chambers has efficiently organised the Dubai-Bangladesh Enterprise Briefing, with the purpose of enhancing bilateral financial and funding relations, fostering cooperation between the enterprise communities in each markets throughout key sectors, and supporting the expansion of bilateral commerce.
As a part of the occasion, a Memorandum of Understanding (MoU) was signed between Dubai Chambers and the Dhaka Chamber of Commerce & Trade (DCCI). The settlement is designed to broaden bilateral cooperation and promote efforts to diversify and broaden mutual commerce and investments. The 2 events will present complete assist to strengthen connections between exporters and importers from Dubai and Dhaka, together with the facilitation of business-matching companies. The MoU additionally seeks to encourage joint ventures and collaborative investments between non-public sector corporations in each markets.
The settlement outlines cooperation between the 2 events in areas together with the organisation of specialized commerce occasions, exhibitions, and funding missions. The 2 chambers may also concentrate on sharing business and financial information to facilitate the change of market intelligence. The settlement was signed by His Excellency Mohammed Ali Rashed Lootah, President and CEO of Dubai Chambers, and Taskeen Ahmed, President of the Dhaka Chamber of Commerce & Trade.
His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Dubai Chambers is dedicated to extending complete assist to Bangladeshi companies and traders to assist them develop their operations in Dubai and leverage the emirate’s aggressive benefits. Our purpose is to additional strengthen cooperation between the enterprise communities in Dubai and Bangladesh to foster partnerships and contribute to reaching shared developmental targets.”
H.E. Taskeen Ahmed, President of Dhaka Chamber of Commerce & Trade (DCCI), stated Bangladeshi nationals represent one of many largest expatriate communities within the UAE, accounting for 17% of Bangladesh’s whole abroad employment, making the UAE the second-largest vacation spot after Saudi Arabia.
He additionally stated, the whole commerce quantity between Bangladesh and the UAE reached almost USD 2 billion within the FY 2024 with incremental progress. Bangladesh’s aggressive funding framework featured by fiscal and non-fiscal incentives, beneficial regulatory atmosphere for international traders, focused tax exemptions throughout varied industries, 100% international possession, and Double Taxation Treaties with the UAE make Bangladesh a pretty vacation spot for funding, particularly in non-oil sectors. Moreover, Dubai’s strategic location serves as a key gateway for Bangladeshi companies to entry the rising halal market within the area ,Taskeen Ahmed added.
The variety of Bangladeshi corporations registered as lively members of Dubai Chamber of Commerce reached 8,686 by the top of 2024, reaching annual progress of 19% and reflecting Dubai’s rising attractiveness amongst Bangladeshi traders.
As a part of the discussion board, Dubai Chambers offered an summary of the promising funding alternatives in Dubai for the Bangladeshi enterprise neighborhood. The sectors highlighted included logistics and warehousing, actual property, medical tourism, software program growth, and cellular app innovation.
The presentation revealed that the important thing areas of alternative for Dubai-based corporations exporting to Bangladesh embrace natural chemical merchandise, copper merchandise, rubber, and leather-based. For traders in search of to enter the Bangladesh market, promising sectors embrace monetary companies, fintech, information administration, logistics, and e-commerce, along with healthcare companies and the meals processing trade.
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