The Dubai Chamber of Commerce and Industry and the Economic Development Board (EDB) of Mauritius have signed a Memorandum of Understanding (MoU) to boost bilateral trade and investment opportunities across strategic sectors, amid a successful presence of Mauritius in Expo 2020 Dubai.
As part of the agreement, EDB Mauritius will establish a representative office within the premise of the Dubai Chamber of Commerce and Industry for an initial period of two years.
The key objectives of the EDB Dubai Office will be to identify trade and investment opportunities that will benefit UAE and Mauritian businesses with a specific focus on Financial Services, ICT, Manufacturing, Healthcare, Logistics, Ocean Economy, Renewable Energy and Property Development sectors.
Both parties have committed to establishing a framework for developing stronger business relations and cooperation procedures to enhance the achievement of their respective economic objectives and create new channels of business exchange. The MoU also aims to strengthen institutional relations and capacity building through cooperation, exchange of information and exchange of best practices.
The MoU signing ceremony was in the presence of the Chairman of the Dubai Chambers, H.E. Abdulaziz Al Ghurair, H.E. Prithvirajsing Roopun GCSK, President of the Republic of Mauritius and Dr. the Hon. Renganaden Padayachy, Minister of Finance, Economic Planning & Development of Mauritius.
The agreement comes after more than five months since Expo 2020 Dubai began. During this time, EDB Mauritius has hosted a range of successful industry events to showcase the nation’s leading capabilities and potential in financial services, real estate, logistics and distribution, and responsible manufacturing.