Dubai Chambers has signed Memorandums of Understanding with the National Chamber of Commerce, Services, and Tourism (CANACO) in Mexico City and the El Gran Bajío business promotion agency, which consists of a network of companies and institutions in the Bajío region of Mexico.
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The agreements are aimed at supporting the expansion of Mexican investors into Dubai, facilitating the establishment and growth of their businesses in the emirate, and enhancing the ability of Dubai-based companies to enter Mexican markets.
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Under the terms of the MoUs, Dubai Chambers will provide comprehensive support to members of the El Gran Bajío business promotion agency and the National Chamber of Commerce, Services, and Tourism to strengthen their investment capabilities in Dubai and enable them to leverage the emirate as a platform to expand into regional and global markets. Companies operating in Dubai will also be supported to expand into Mexico and build promising business partnerships.
The agreements also encompass enhanced cooperation to strengthen the connections between the business communities in Dubai, Mexico City, and the Bajío region in Mexico and promote bilateral trade and investments. The parties will focus on diversifying areas of collaboration to broaden economic relations, with increased coordination in arranging trade fairs, investment missions, conferences, and exhibitions, as well as the exchange of information and economic data.
Salem Al Shamsi, Vice President of Global Markets at Dubai Chambers, commented: “We look forward to further developing economic relations and enhancing cooperation between the business communities in Dubai and Mexico. These two agreements will contribute to new avenues for the growth of trade and investments and help build promising partnerships across key sectors.”
Dubai Chambers is dedicated to supporting the goals of the Dubai Economic Agenda (D33), which aims to double the emirate’s economy over the coming decade and position Dubai among the top three cities globally. Dubai Chambers’ strategic priorities include enhancing Dubai’s favorable business environment, attracting international businesses and investments to Dubai, and driving the international expansion of Dubai Chambers’ members, as well as accelerating the growth of Dubai’s digital economy, increasing the effectiveness of advocacy, and sustaining a climate of institutional and customer excellence.
About Dubai Chambers
Dubai Chambers is the engine of Dubai’s economic development and business growth. As the umbrella organization of Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, the organization empowers the local business community, builds and reinforces international partnerships, and accelerates the growth of the digital economy to cement the emirate’s position as a leading global hub for business, trade, and investments.
Each of the three chambers has its own distinct strategies and objectives while also working together as a unified chamber dedicated to achieving the ambitions of the Dubai Economic Agenda (D33), which seeks to double the size of the emirate’s economy by 2033 and establish Dubai among the top three global cities.
