Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched ‘Dubai Global’, an initiative to establish 50 integrated commercial representative offices for Dubai in five continents across the world during the next few years.
The initiative aims to strengthen Dubai’s position as one of the best business hubs in the world in addition to supporting companies based in Dubai by providing them with logistical support to expand their operations in more than 30 promising markets, Emirates News Agency (WAM) reported Tuesday.
Sheikh Hamdan bin Mohammed noted that the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, is the primary driver behind Dubai’s emergence as an international trade hub and a leader in today’s economic and commercial landscape. "Dubai provides advanced infrastructure, a flexible and effective legislative framework, and world-class services that ensure sustainability and growth for all companies operating in the emirate," he said.
"Our goal is to globalize our national companies, attract global investments, and add new markets to our global business lines.
"Our goal is to open 30 new markets, attract thousands of investors, and build the world’s best economic environment," he added.
"We will double our economy over the next few years, establish the best business environment in the world, and be No. 1 in quality of life," he further said.
The Dubai Global initiative is based on launching a wide network of 50 commercial representative offices for Dubai around the world. The network will operate as part of Dubai Chambers and in partnership with several government and semi-government entities in Dubai. The initiative aims to attract investment, talent, and new business to Dubai and support Dubai-based companies explore economic and commercial opportunities in 30 new global markets, WAM said.
The commercial representative offices will provide specialized services, such as market research which includes detailed information about each market and its working mechanisms, and the legislative and procedural aspects to help companies take correct decisions, it said.
The offices will also provide establishing and starting-up services, including logistical support and detailed information on commercial globalization, aiming to "globalize" Dubai companies and promote their expansion in new markets, the news agency added.