Dubai plans to establish Czech Business Council

In line with its strategy of promoting its members’ competitiveness in emerging markets, the Dubai Chamber of Commerce and Industry announced its plans to send out a trade mission to the Czech Republic in mid-2015.

The Chamber also plans to establish a Czech Business Council in Dubai.

The trade mission, which will open up the doors of opportunities for Dubai businesses in Central and Eastern Europe, will also attract more Czech companies to the emirate.

The Chamber delegation met officials of Czech Chamber of Commerce, Confederation of Industry of the Czech Republic, and Czech Ministry of Trade and Industry.

Hamad Buamim, President and CEO, Dubai Chamber who headed the Chamber delegation to Prague, the capital city of Czech Republic, met Vladimir Dlouhy, President, Czech Chamber of Commerce.

During the visit, Buamim stated that this recent visit complements the Chamber’s strategy of reaching out to the promising markets of the world and the importance of the country as an ideal gateway to Central Europe for UAE exports and re-exports.

The President and CEO of Dubai Chamber pointed out that the trade mission consisting of prominent representatives of the business community will look closely at major investment opportunities, and establishment of joint ventures in several promising target sectors like tourism, medical care, infrastructure and industrial products in the Czech Republic which he said attracts UAE investments.

Dubai's non-oil trade with the Czech Republic in 2013 amounted to Dh3.3 billion with a 10% growth compared to the year 2012, as the country occupied 54th rank on the list of Dubai's trading partners, he said.

Buamim stated that the emirate can serve as a base for Czech companies wanting to enter the markets in the region, Southeast Asia and the African continent due to its strategic location and world-class logistical and financial services.

He also reaffirmed the Chamber's commitment to promote the competitiveness of Dubai businesses and to open up a gate of investment opportunities for them in promising markets like that of the Czech Republic.

Buamim called upon Czech companies to come to Dubai and benefit from the emirate’s diversified economy led by trade, tourism, logistics and financial services, which he said hold ample investment potential for foreign investors.

The Chamber delegation also met Mrs. Dagmar Kuchtova, Director General, Confederation of Industry of the Czech Republic, and Richard Hlafaty, Director, Czech Ministry of Trade and Industry.

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