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
 Dec 1 2015 - Opec oil output increases in Nov, led by Iraq, SaudiMENAFN
(MENAFN) Opec oil output grew in Nov compared with the previous month, led by a rebound in Iraqi exports.Moreover; Opec supply increased in Nov to 31.77mn containers per day, from 31.64mn in ...

 Dec 1 2015 - Etihad Airways enhances presence in East Africa with new service between Dar Es Salaam and Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 1st December 2015 (WAM) --- Etihad Airways the national airline of the United Arab Emirates today enhanced its presence in East Africa with the ...

 Dec 1 2015 - Hazza bin Zayed statement on national day UAENationalDay44Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 1st December 2015 (WAM)--H.H. Sheikh Hazza bin Zayed Al Nahyan National Security Advisor has paid a glowing tribute to the founding fathers who ...

 Dec 1 2015 - Rising foreign investment in Dubai realty to ensure stability in real estate market: H Holding EnterpriseEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 1st December 2015 (WAM) --- The growing number of foreign investors in Dubai property will lead to more stability in the real estate market according ...

 Dec 1 2015 - Mansour bin Zayed's statement on national day UAENationalDay44Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 1st December 2015 (WAM)H.H. Sheikh Mansour bin Zayed Al Nahyan Deputy Prime Minister and Minister of Presidential Affairs has extended his ...

 Dec 1 2015 - ST Topping Pattern Begins to Emerge in USDOLLARDailyFX
(MENAFN - DailyFX) On a fundamental basis, we were already concerned about the viability of a USDOLLAR Index bull flag breakout given the wave of impending "high" level event risk at the end of this ...

 Dec 1 2015 - Saudi- Competition Council launches awareness caign to combat collusion in public tendersSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh 19 Safar 1437 AH December 1 2015 SPA -- The Competition Council has launched its 5th awareness campaign for the second year of publication of competition culture ...

 Dec 1 2015 - Competition Council launches awareness caign to combat collusion in public tenders 2 RiyadhSaudi Press Agency
(MENAFN - Saudi Press Agency) The campaign also aims to deliver the message of the Council using a variety of methods of press and electronic ads and the design and production of audio-visual films ...

 Dec 1 2015 - Kuwait Stock Exchange ends session with mixed boardsSaudi Press Agency
(MENAFN - Saudi Press Agency) KUWAIT Safar 19 1437 December 01 2015 SPA -- Kuwait Stock Exchange (KSE) ended its session Tuesday in a mixed board with the price index up by 0.98 points to reach 5803 ...

 Dec 1 2015 - Muscat Securities Market Gains 9 PointsSaudi Press Agency
(MENAFN - Saudi Press Agency) Muscat Safar 19 1437 December 01 2015 SPA -- Muscat Securities Market (MSM) general index (30) today added (9.9) points comprising a rise by (0.18%) to close at ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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