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 consistent 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
 May 31 2016 - Saudi's Marafiq signs USD 0.41bn loan with SIDFMENAFN
(MENAFN) The Power and Water Utility Co. (Marafiq) signed a loan agreement value USD 0.41bn with the Saudi Industrial Development Fund (SIDF).Additionally, the loan will be used to enhance and apply ...

 May 31 2016 - ICF will invest USD 25mn in Egypt's Carbon HoldingsMENAFN
(MENAFN) The Intl' Finance Corporation (IFC) will invest USD 25mn in Carbon Holdings Limited, an Egyptian downstream petrochemical producer.Moreover, the Co. will support regional entrepreneurs and ...

 May 31 2016 - Morocco, Belgium sign USD 18.74mn on Collaboration ProgramMENAFN
(MENAFN) Morocco and Belgium recently signed a new cooperation program value USD 18.74mn for 2016 and 2020.Accordingly, the program hits on four broad lines, such as; the promotion and protection of ...

 May 31 2016 - UNRWA Lowers Fiscal Deficit from USD 81 Million to 74 MillionQatar News Agency
(MENAFN - Qatar News Agency) The United Nations Relief and works Agency for Palestinian Refugees (UNRWA) has lowered its fiscal deficit for this year from USD 81 million to USD 74 million. The ...

 May 31 2016 - Al Khor to Play Three Friendlies at Camp in GermanyQatar News Agency
(MENAFN - Qatar News Agency) Al Khor will be partaking in a foreign training camp in Germany from July 31 until August 19. The camp is in preparation for the 2016/2017 season. The team will be ...

 May 31 2016 - Qatar Chamber Participates in 19th Arab-German Business Forum in BerlinQatar News Agency
(MENAFN - Qatar News Agency) Qatar Chamber has participated in the 19th Arab-German Business Forum which was organized by the Arab-German Chamber of Commerce and Industry in Berlin from May 25 to 27. ...

 May 31 2016 - Qatar Stock Index Drops 123.62 PointsQatar News Agency
(MENAFN - Qatar News Agency) Qatar Stock Exchange (QSE) index dropped 123.62 points or -1.28% when the bourse closed trading at 9,552.04 points Monday. The volume of shares was up to 3,587,120 from ...

 May 31 2016 - QDB, Qatar Shell Reveal Six new Business Opportunities to Qatari SMEsQatar News Agency
(MENAFN - Qatar News Agency) Qatar Development Bank (QDB) and Qatar Shell hosted their fourth annual 'SME Business Opportunities Workshop' to reveal six new specific business opportunities that will ...

 May 31 2016 - Economy Minister: Qatar's GDP Expected to Grow 4.3 Percent This YearQatar News Agency
(MENAFN - Qatar News Agency) The State of Qatar's GDP is projected to achieve stable growth of about 4.3 percent during this year, HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin ...

 May 31 2016 - Al Muhallab Mall 'Fitness Donation Program' gets significant participationArab Times
(MENAFN - Arab Times) Al Muhallab Mall lately launched its first ever fitness program where donations are dedicated to Fawzia Sultan Rehabilitation Institute (FSRI). The program is organized by the ...

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