To encourage the expansion and diversification of bilateral business and investment connections, Dubai Chambers and the London Chamber of Commerce and Industry have inked a Memorandum of Understanding (MoU). 

The agreement is to promote improved cooperation on cooperative projects and fortify relations between the corporate communities in Dubai and London. Dubai Chambers will help London-based businesses from various industries expand and expand their operations in Dubai in accordance with the conditions of the Memorandum of Understanding.

The pact will also encourage the expansion of local and regional trade and investment links, with Dubai serving as a focal point. In a similar vein, the London Chamber of Commerce and Industry will assist Dubai-based companies and investors while promoting collaborations and investments within London’s business community. 

Along with exchanging commercial and economic data, the agreement also specifies collaboration in planning and attending conferences, exhibitions, investment missions, and trade fairs. The Memorandum of Understanding was signed by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Karim Fatehi MBE, CEO of the London Chamber of Commerce and Industry.

In order to propel company growth and create new opportunities for entry into regional and international markets, we seek to strengthen relationships and promote cooperation. 

Through these initiatives, we encourage economic growth, foster collaboration with business communities worldwide, and provide new opportunities that meet the goals of investors and companies in a variety of industries. 

“This Memorandum of Understanding is evidence of what can be accomplished when visionary leaders, members, and communities come together to build a shared future,” stated Karim Fatehi MBE. Let’s keep collaborating, innovating, and creating a future where our mutual prosperity is built on the power of our teamwork. Dubai Chambers is dedicated to furthering the goals of the Dubai Economic Agenda (D33), which aims to double the emirate’s economy over the next ten years and rank Dubai higher. 

 Enhancing Dubai’s business-friendly environment, drawing in foreign companies and investments, and promoting the global expansion of Dubai Chambers members are among the strategic priorities of the organization. Additional objectives include accelerating the growth of Dubai’s digital economy, preserving an environment of institutional and customer excellence, and increasing the efficacy of advocacy.