GCC Chambers Partnership is important to strengthen international trade and investment.
The Oxford Business Group has made an interview with Mohamed Ali Rashed Lootah, Director General of Dubai Chambers recently.
He stressed the importance of close cooperation between GCC chambers of commerce and industry.
In order to promote innovation, sustainability, international trade, and investment.
Moreover, Lootah emphasized that effective partnership with the private sector plays a vital role in enhancing economic competitiveness.
He also stressed that cooperation between GCC chambers of commerce and industry will strengthen regulations and frameworks that support businesses.
The interests of the business community supported by Dubai Chambers.
Lootah revealed that Dubai Chambers has established a specialized sector to support the interests of the business community.
Also to enhance interaction with stakeholders through the integration of transparent mechanisms.
In order to collect the opinions, ideas, and recommendations of the private sector.
In fact, these efforts help to ensure that new business legislation effectively contributes to enhancing the business environment.
Referring to innovation, Lootah highlighted Dubai Chambers’ approach to dealing with key players in the digital economy.
Moreover, he explained that Dubai Chamber of Digital Economy works closely with technology-focused companies.
They are holding workshops in high-tech fields such as fintech and 3D printing.
Also they are exploring the challenges of the private sector.
In addition, they are cooperating with government agencies to overcome them.
Lootah affirmed that the Dubai Chamber of Digital Economy plays a significant role in the advancement of the technology ecosystem.
Lootah spoke about sustainability initiatives.
Dubai Chambers have launched specialized business groups such as the Solar Energy and Renewable Resources Working Group and the Recycling Working Group.
These groups aim to explore sustainability challenges and provide joint solutions.
In order to advance sustainable development efforts across a diverse range of sectors.
Lootah spoke to Oxford Business Group about international cooperation opportunities.
Due to the rapid changes taking place in the global business landscape chambers of commerce must be agile and results-oriented to remain effective.
Moreover, cooperation between chambers of commerce yields significant potential to boost trade and investment.
Our focus is on projects that benefit chambers and their members.
From reciprocal trade missions to growth initiatives in specific sectors, especially the digital economy.
Dubai Chambers’ future strategy.
Dubai Chambers aims at establishing a global network of representative offices.
By 2024, we look forward to establishing 30 overseas offices so we can achieve an increase to 50 offices by 2030.
In fact, this global network will play a vital role as it will help in the following:
-Supporting expansion into international markets.
-Attracting foreign direct investment.
-Driving economic growth across the region.
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