Dubai, UAE— Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and New York, which were aimed at attracting more companies from the US to the UAE.
DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was worth US$23 billion in 2021, not least because of the recently signed codeshare agreement between Emirates and United Airlines.
DMCC is home to more than a third of the approximately 1,500 US businesses in the UAE.
The two Made For Trade Live events were hosted in partnership with AmCham Dubai, Brooklyn Chamber of Commerce and Versailles Ventures. They saw 120 business leaders from Miami and New York briefed on the commercial appeal of Dubai and the ease of doing business with DMCC.
With Dubai firmly positioned as a global hub for financial services, crypto and commodities trade, DMCC executives also highlighted the opportunities in Dubai for US businesses in these key areas.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “With its truly world-leading trade infrastructure, pro-business regulations and policies, as well as its drive to be a global hub in critical areas such as crypto and commodities trade, Dubai is the perfect place for US businesses to expand their operations. These trade roadshows allow DMCC to highlight the Dubai and wider UAE opportunity, and reflect on our mandate of facilitating trade, removing barriers to entry and unlocking new business opportunities. We were thrilled to be on the ground in the United States maintaining and forging new relationships that will unlock a host of exciting new commercial opportunities and, ultimately, strengthen global trade.”
Cara Nazari, Managing Director, AmCham Dubai, added, “Time and again, we have seen Dubai’s remarkable ability to act as a catalyst for the international growth of American businesses. DMCC’s work in highlighting this opportunity to key markets in New York and Miami aligns perfectly with our mission, which is why we are proud to support their outreach through these important roadshows.”
Randy Peers, President and CEO, Brooklyn Chamber of Commerce, said, “Providing new channels for the growth of Brooklyn’s businesses drives everything we do. It is clear that through DMCC and Dubai, any American business has the ability to target some of the world’s fastest-growing markets. We look forward to working with DMCC on further events like this in the future.”
DMCC’s Made for Trade Live series plays a key role in promoting Dubai as a prime destination for foreign direct investment (FDI). DMCC attracted a record 2,485 new companies to the free zone in 2021 and 1,469 new companies in the first half of 2022, bringing the total number to over 21,000 member businesses, from large multinationals to SMEs and entrepreneurs.