Dubai Chambers inaugurates new office in Hong Kong

Dubai Chambers has announced the establishment of its new international office in Hong Kong, to drive mutual economic and business growth.

The announcement was made on the sidelines of the UAE-Hong Kong Business Forum, which took place on February 9, in Dubai.

We are pleased to announce the establishment of our new international office in Hong Kong, to drive mutual economic and business growth and enhance trade ties between Dubai and Hong Kong. pic.twitter.com/aphVNY0GC2

— Dubai Chambers (@DubaiChambers) February 9, 2023

The office will promote trade from Hong Kong to Dubai and attract more businesses from there to the emirate, while also expanding Dubai’s Asia Pacific presence. It will also collaborate with the Hong Kong Trade Development Council (HKTDC) and other government and private sector entities to leverage the growth of both economies.

The new office comes in line with the ‘Dubai Global’ initiative launched by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to establish 50 representative offices for Dubai in five continents by 2030.

Last year, Dubai International Chamber announced the opening of three new international representative offices in Egypt’s Cairo, Israel’s Tel Aviv and Turkey’s Istanbul, complementing existing offices across Africa, Latin America, Eurasia, India, and China.

Read: Dubai International Chamber launches offices in Egypt, two more countries

Dubai Chambers also signed an MoU with the HKTDC to collaborate on mutual goals, including developing trade relationships and business opportunities between Dubai and Hong Kong.

“Dubai and Hong Kong have longstanding relations spanning decades. This MoU strengthens the existing relationship and will boost trade and investment between our two economies,” said Abdul Aziz Abdulla Al Ghurair, chairman of Dubai Chambers.

“I look forward to seeing continued collaboration with our Hong Kong counterparts, especially with the presence of our new international office in Hong Kong.”

Through the MoU, both entities intend to provide mutual assistance on trade enquiries, business matching or networking activities as well as to strengthen cooperation.

The UAE is the largest trading partner for Hong Kong in the Middle East – non-oil trade between the UAE and Hong Kong reached Dhs22.2bn in the first half of 2022, registering a year-on-year growth of 16.2 per cent.

Non-oil trade between Dubai and Hong Kong reached Dhs37.2bn in 2021.