Sunday, 24 September 2017 03:14 GMT

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Boost for Dubai-Mexico ties

(MENAFN -Khaleej Times) dubai chamber of commerce and industry president and chief executive officer hamad buamim has called upon dubai businesses to benefit from the chamber?s initiative of exploring promising markets of the world

He also urged them to explore mexico’s potential for stronger bilateral cooperation despite the challenge of distance as the country is one of the world’s most important emerging economies.


Focusing on the lucrative investment opportunities in mexico’s trade, tourism, construction and real estate sectors, he said that dubai companies can use their experience in these areas and benefit from the country’s strong growth potential.


Buamim was speaking at the first country focus briefing of the year organised by the dubai chamber in association with the embassy of mexico, promexico and the economist intelligence unit at the dubai chamber’s premises on tuesday, as part of its initiative of opening up new business opportunities for its members while enhancing their competitiveness in the overseas markets.


Buamim said: “for dubai, trade is the cornerstone of our economy. aligning the needs of dubai and mexico and through increased cooperation, we can positively impact two-way trade and investment. in the medium- and long-term, we see mutual growth potential in travel and tourism, which offer excellent joint cooperation opportunities for both sides.”


He added that over the past few years, dubai-mexican trade has increased considerably. mexico currently ranks as dubai’s 45th largest trade partner globally and between 2011 and 2012 the two sides’ trade rose by almost 27 per cent, from dh4.1 billion to dh5.2 billion.


“for years, dubai has been working to build stronger ties with mexico and we are committed to provide all the facilities to businesses from the two sides to establish strong partnerships as part of our strategic objectives of creating a favourable business environment, supporting the development of business and promoting dubai as an international business hub,” said buamim.


In his keynote address, francisco alonso, ambassador of mexico to the uae, said that the uae and mexico now enjoy deep bilateral ties and are poised for a stronger partnership in the future as the two sides seek to develop their economic relations.
Boost for Dubai-Mexico ties

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