Dubai's Chambers Ink Pact with Victoria to Enhance Trade Relationships

Dubai and Victoria Strengthen Business Ties at World Chambers Congress

Dubai, under the spotlight as a thriving business hub, was highlighted by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, during the 14th World Chambers Congress held in Melbourne, Australia from September 2 to 4.

The event, attended by over 1,200 chamber leaders from 100 countries, provided a platform for international economic dialogue. During the congress, Dubai Chambers signed a Memorandum of Understanding (MoU) with the Victorian Chamber of Commerce and Industry.

The MoU aims to attract more Australian companies to Dubai and support Dubai-based businesses in expanding into Victoria. It includes collaboration on specialised trade exhibitions, investment missions, and data exchange.

In addition to the MoU, Dubai Chambers held over 25 bilateral meetings during the congress to showcase Dubai's economic opportunities and explore new global partnerships.

Mohammad Ali Rashed Lootah emphasized that capital gravitates towards business hubs with stability, diversification, and openness. He spoke during a panel on geo-economics at the World Chambers Congress.

Furthermore, Dubai Chambers' President and CEO signed the MoU with the Victorian Chamber of Commerce and Industry in Australia. The agreement is expected to foster mutual growth and strengthen the economic ties between Dubai and Victoria.

The World Chambers Congress, held in Melbourne, was a significant step towards enhancing international business collaboration and fostering economic growth. Dubai's participation and the resulting agreements underscore its commitment to building strong, global partnerships.