Dubai Chambers, Citi sign MoU to boost business competitiveness

Dubai Chambers and Citi UAE signed a memorandum of understanding (MoU) to enhance cooperation and coordination, boost competitiveness of the business community and facilitate public-private partnerships.

.@dubaichamber sign MoU with @CitiUAE to enhance cooperation and coordination to serve common goals, boost competitiveness of the business community and facilitate public-private partnerships that drive sustainable economic growth.https://t.co/S6irUe3n9n pic.twitter.com/m8UxVvm7NV

— Dubai Media Office (@DXBMediaOffice) May 31, 2022

Under the terms of the agreement, Dubai Chambers and Citi UAE will collaborate on events and initiatives that support common goals, attract companies to the UAE and provide new banking services, products and financial solutions to the private sector, Dubai Media Office reported.

Hamad Buamim, president and CEO of Dubai Chambers described the agreement as an important development that would raise the standard of banking services and solutions that enable business growth, which would ultimately create a competitive business environment. The partnership supports Dubai Chambers’ strategy to attract multinational companies to the emirate, he added.

Elissar Farah Antonios, CEO of Citi UAE and MENA Cluster Head added that this strategic partnership is an opportunity to further promote Dubai as an investment destination and a hub for multinational companies.

Earlier this year, Dubai Chambers rebranded and unveiled its new corporate identity reflecting the organisation’s restructuring.

Read: Dubai Chambers rebrands and showcases new corporate identity

Under the new structure, three chambers of commerce operate under Dubai Chambers, namely Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy – each of which have their own individual brands, strategies and specialised approach.

The chamber also recorded $2.99m (Dhs11m) in cost savings, saving one million sheets of paper in 2021. 

Read: Dubai Chamber of Commerce saves Dhs11m with paperless strategy