Dubai-Hamburg Chambers sign MoU to foster bilateral business ties

By Arya M Nair, Official Reporter
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The Dubai Chamber and the Hamburg Chamber of Commerce have signed an MoU to extend their strategic cooperation, which began in 2007, and to enhance ties between the UAE and German business communities.

The agreement, which was signed on the sidelines of the 12th World Chambers Congress (WCC) in Dubai, focuses on common innovation goals, with greater emphasis on energy, transport, and new technologies.

The chambers will jointly coordinate future initiatives and foster cooperation in the healthcare sector between both regions and co-organize meetings between companies. The partnership has created new channels of fruitful cooperation over the last decade, with the Dubai-Hamburg Business Forum serving as an important platform for business exchange.

Hamam Buamim
Hamam Buamim
President & CEO
Dubai Chamber

“Both Chambers realize the importance of cooperation to drive innovation and to provide effective solutions to boost energy, address environmental concerns and promote sustainability and mobility. Dubai and Hamburg are remarkably similar in terms of logistical prowess, strategic geographical location and a strong emphasis on being a trade hub. Therefore, this MoU with the Hamburg Chamber of Commerce seems like a natural next step to tap into existing trade and investment potential.”

Dr. Malte Heyne, CEO of the Hamburg Chamber of Commerce said that “In line with our strategic vision, Hamburg 2040′, the cooperation with Dubai Chamber of Commerce and Industry will provide new opportunities for our member companies in Dubai and beyond. Thanks to its openness for new ideas, Dubai provides an excellent launch pad for innovation from Hamburg.”

Moreover, as a global hub, Dubai is an excellent place for Hamburg-based companies to discover the latest business and innovation trends and expand into new markets in the region, added Dr. Heyne.

Related: UAE a high-potential trade partner of Indonesia; Dubai Chamber Survey