Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Exports opens office in Mumbai to tap markets  Join our daily free Newsletter

MENAFN - Khaleej Times - 25/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Dubai Exports (DE), the export promotion agency of the Department of Economic Development (DED), Government of Dubai, formally opened its overseas office in Mumbai as part of enhancing its overseas support in key markets capable of reinforcing Dubai's position as an export and re-export centre



The DE office in India will significantly enhance the visibility of goods and services from Dubai and provide vital on-the-ground services to small and medium-sized firms in their pursuit of overseas markets. The new office will work in co-ordination with the representative office of the Department of Tourism and Commerce Marketing (DTCM) in Mumbai



"India is the leading trade partner of Dubai and our total bilateral trade during the first nine months of 2013 was worth over Dh111 billion. Dubai Exports opening its office in Mumbai is a milestone by all means as it marks a consolidated move by government agencies to optimise opportunities in a strategic market," said Sami Al Qamzi, director general of DED



"Dubai Exports being present in India will reinforce Dubai's position as an export and re-export hub for Indian companies and we anticipate a five to 10 per cent growth in bilateral trade as a direct result of the office. It will also underline the significance of the Dubai Overseas Promotion Policy, which seeks co-ordinated efforts by Dubai Government entities in foreign markets," Al Qamzi added



Helal Saeed Almarri, director general of DTCM, said: "India is an important market for DTCM, being consistently one of our top 10 source markets for visitors to Dubai, with latest figures positioning it as second. The 14 per cent year on year growth in visitor numbers for the first three quarters of 2013 demonstrates the high growth potential which will come from both leisure and business travellers.



"Dubai has the right infrastructure and diversity of businesses as well as both government and government-related entities well-versed in promoting its trade capabilities globally. Indian firms being key players in Dubai's export and re-export sector our joint presence in Mumbai is a major step forward. It will enable Dubai companies to extend their growing export capabilities to the fast-growing South Asian markets," said Engineer Saad Al Awadi, Chief Executive Officer of Dubai Export



Ibrahim Mohammed Al Janahi, Deputy CEO and Chief Commercial Officer Jafza, said: "Dubai Exports plays a vital role in enhancing Dubai's trade with the world. The timely move by Dubai Exports in opening an office in India, our largest trading partner, would undoubtedly enhance this role, and provide the much-needed support to local firms looking to expand their reach.



In 2012, goods worth over Dh32 billion were exported to India from Dubai while re-exports crossed Dh50 billion. Exports and re-exports to India recorded during the first nine months of 2013 were valued at Dh24 billion and Dh31 billion respectively. Pearls, precious metals and stones, copper, iron and steel, plastics and aluminium are some of the top commodities exported to India through Dubai.

 


Khaleej Times




  MENA News Headlines
 Jun 3 2015 - Palestinian Farmer Injured By Israeli Army Fire in GazaQatar News Agency
(MENAFN - QNA) Israeli soldiers opened fire, on Wednesday morning, on a number of Palestinian farmers in their own lands, east of Khuza’a town, east of the southern Gaza Strip city of Khan ...

 Jun 3 2015 - Ashrawi Calls for Just Solution to Palestine Refugees PlightQatar News Agency
(MENAFN - QNA) PLO executive committee member Hanan Ashrawi affirmed the necessity that the Palestinian people should exercise their inalienable rights , including a just solution to the plight of ...

 Jun 3 2015 - Cabinet appoints Jabbour TRC president, Jawarneh as envoy to UzbekistanJordan News Agency
(MENAFN - Jordan News Agency) A cabinet session chaired by Prime Minister Abdullah Ensour, Wednesday decided to appoint Ghazi Jabbour as president of the Telecommunications Regulatory Commission ...

 Jun 3 2015 - Armed Forces General Command starts implementation of recruitment programJordan News Agency
(MENAFN - Jordan News Agency) The General Command of the Jordan Armed Forces-Arab Army started the implementation of His Majesty King Abdullah II's directives on Fursan Al Mustaqbal (Knighs of the ...

 Jun 3 2015 - 136 Syrian refugees cross into KingdomJordan News Agency
(MENAFN - Jordan News Agency) Jordan Armed Forces' border guards received 136 Syrian refugees in the last 72 hours, a source at the General Command of the Armed Forces reported on Wednesday.The new ...

 Jun 3 2015 - Gov't Spokesperson to hold press conference todayJordan News Agency
(MENAFN - Jordan News Agency) Minister of State for Media Affairs and Government Spokesperson, Mohammad Momani, will hold a press conference today at 4 pm at the Prime Ministry. ...

 Jun 3 2015 - Dana Gas, BP sign participation agreementDaily News Egypt
(MENAFN - Daily News Egypt) Dana Gas and British Petroleum (BP) signed a participation agreement, where BP will conduct the drilling of a first exploration well in the El-Matariya onshore Concession ...

 Jun 3 2015 - 1m tonne increase in Egyptian wheat production: Grain Industry ChamberDaily News Egypt
(MENAFN - Daily News Egypt) The decline in imported wheat this year came as a result of the abundant supply of wheat by farmers compared to the last year, according to Tarek Hassanein, head of the ...

 Jun 3 2015 - Arabian Cement's net profit declines 52% despite 11% revenue increaseDaily News Egypt
(MENAFN - Daily News Egypt) Leading cement producer Arabian Cement recorded an 11% increase in revenues of EGP 585m, during the first quarter (Q1)of 2015, compared to the same quarter last year. ...

 Jun 3 2015 - COMESA activation promotes Egyptian pharmaceutical exports to Africa: El-EzabiDaily News Egypt
(MENAFN - Daily News Egypt) Activating the three African economic blocs will develop and promote Egyptian pharmaceutical exports to Africa, according to Ahmed El-Ezabi, Head of the Pharmaceutical ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help