Dubai, UAE — Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has attracted five Multinational Corporations (MNCs) and 20 Small and Medium-sized Enterprises (SMEs) during Q1 2023 alone, which is more than the number attracted during the entire year 2022.
In addition, the chamber also supported the expansion of seven local and national companies into foreign markets by helping them increase their exports or establish a presence abroad.
The Chamber also opened a new representative office in Hong Kong, bringing the total number of its international offices to 16 by the end of Q1 2023 with a presence in Africa, Latin America, Eurasia, India, China, and the Middle East.
Under the Dubai Global initiative, which is led by the Dubai International Chamber, the emirate aims to establish a network of 50 commercial representative offices for Dubai across five continents by 2030.
Chamber of Digital Economy attracts 30 startups in Q1
A total of 30 startups were attracted to Dubai by the Dubai Chamber of Digital Economy in the first quarter of 2023.
Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, said it cooperated with relevant government entities to attract 30 startups with strong potential in the technology sector to develop the digital economy and enhance emirate’s appeal to tech investors.
The chamber has also launched a series of 10 interactive workshops for the private sector focusing on specific areas of the digital economy.
The workshops explored the targeted sectors’ challenges and helped develop appropriate solutions to support companies in improving their performance and competitiveness.
Omar Sultan Al Olama, Chairman of Dubai Chamber of Digital Economy, said, “A main focus for the UAE is strengthening constructive dialogue with key segments of Dubai’s digital business community to determine opportunities, challenges, and recommendations.” Al Olama stated.
The chamber aims to attract 300 new digital startups in the coming years. As part of these efforts, the chamber will host the Expand North Star Summit in October.
The event, the region’s largest gathering of startups, will showcase growth opportunities emerging in Dubai’s digital economy and serve as a strategic catalyst to expand the future of the digital economy.