Dubai Chamber of Commerce to Open Office in Maputo

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Dubai Chamber of Commerce to Open Office in Maputo

8:10 CAT | 11 Dec 2015

In file Club of Mozambique / The president of the Dubai Chamber of Commerce, Hamad Buamim.

The Dubai Chamber of Commerce and Industry has announced that it will open an office in Maputo in the first quarter of 2016. The Chamber currently has four international offices: in Azerbaijan, Ethiopia, Iraqi Kurdistan and Ghana. It also plans to open offices in Kenya, Brazil and China.

The announcement was made in Dubai at the annual meeting with representatives of the Chamber’s international offices. The meeting also discussed ways to improve the work of its representative offices which promote business with the emirate.

The president of the Chamber, Hamad Buamim, told the meeting that the international offices play an important role in exploring new investment opportunities for Dubai companies looking to expand in emerging markets and establishing new contacts.

In 2012, Dubai Chamber began opening international offices in emerging markets to help local businesses gain access these markets while serving as a gateway for United Arab Emirates investments.

The Dubai Chamber of Commerce and Industry has over 150,000 members. Dubai is one of the seven emirates that make up the United Arab Emirates.

According to Mozambique’s Investment Promotion Centre (CPI), last year the United Arab Emirates was the largest source of foreign investment in Mozambique. However, much of the 891 million US dollars of investment came from international companies which use Dubai as a financial centre. For example, the Brazilian company Vale used Dubai for the financing of its project to build the railway from the Moatize coal basin, in the western Mozambican province of Tete, to the mineral port at Nacala-a-Velha.

Source: AIM News