During a trade mission.. Dubai International Chamber organizes 200 bilateral business meetings in Indonesia
Jakarta, 7 May / WAM / Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, organized 200 bilateral business meetings between companies from Dubai and Indonesia during the first destination of its trade mission to Southeast Asia, which includes both Indonesia and Vietnam.
Representatives of 17 companies operating in Dubai specializing in a variety of sectors participated in the trade mission activities, including food and beverages, the construction sector, health care, in addition to information technology, environmental solutions and human resources management, in addition to the perfumes, cosmetics, metals and mining sector.
The mission comes within the framework of the “New Horizons for Foreign Expansion” initiative, through which Dubai International Chamber aims to support the expansion of local companies towards foreign markets that are characterized by promising prospects and opportunities.
The value of non-oil trade between Dubai and Indonesia during the past year amounted to 12.9 billion dirhams, with a growth of 7.7% on an annual basis, according to data from the Dubai Customs Department.
Dubai’s non-oil trade with Indonesia recorded a growth of 53.6% over the past decade, rising from 8.4 billion dirhams in 2014 to 12.9 billion dirhams last year, which reflects the strength of bilateral trade relations between the two sides.
The number of active Indonesian companies registered as members of the Dubai Chamber of Commerce reached 99 companies at the end of last year.
The activities of the first day of the mission included holding a business forum in the Indonesian capital, Jakarta, entitled “Doing Business with Indonesia,” with the support of the UAE Embassy in Jakarta, the Ministry of Investment in Indonesia, and the Indonesian Chamber of Commerce and Industry.
The forum was attended by 472 participants, including senior official figures, business leaders and local Indonesian companies interested in exploring partnership opportunities with the business community in Dubai, a record number that reflects the interest of the private sector in Indonesia in cooperation and partnership with companies operating in Dubai.
His Excellency Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said in his opening speech at the forum: “We are keen to strengthen trade and investment relations between the business community in Dubai and Indonesia in a way that contributes to achieving common goals. Indonesia is one of the most diversified economies in the Southeast Asia region, which enjoys “With integrated components, it constitutes a launching pad for Dubai companies seeking to benefit from the diverse opportunities that the Indonesian market and other Asian markets abound as a whole.”
For her part, Shaima Salem Al Habsi, Acting Chargé d’Affairs at the UAE Embassy in Jakarta, stressed the UAE’s commitment to exploring ways of growth and investment in key sectors to advance sustainable development and prosperity for the people of the UAE and Indonesia, especially in light of the comprehensive economic partnership between the two countries, which comes within the framework of the established relations between the two countries. Which works to enhance bilateral trade, stressing that the discussions that took place during the business forum will contribute positively to enhancing bilateral investment cooperation between the two countries.
During his participation in the Business Forum, Salem Al Shamsi, Vice President of Global Markets at Dubai Chambers, gave an extensive presentation in which he reviewed the economic scene in Dubai and highlighted the competitive advantages that the emirate offers to Indonesian companies.
The event also witnessed a dialogue session that included a number of the most prominent experts in Indonesian economic sectors. The session discussed how to do business, and the speakers reviewed their experiences in local business sectors.
A series of bilateral business meetings were held between representatives of companies from Dubai and Indonesia, while the agenda of the second day of the mission included holding more bilateral business meetings, in addition to organizing field visits to many Indonesian companies.
The Chamber has identified a group of promising sectors for export from Dubai to Indonesia, including the aluminum sector, metals and precious stones, in addition to copper and its derivatives. Among the most important sectors that provide opportunities for import are wood panels and sheets, palm oil, clothing and cocoa butter.
The most prominent investment opportunities in Indonesia include the automotive, construction and agricultural sectors, especially the export of tropical fruits.
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