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Sat 29 May 2004 04:00 AM

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Compete and prosper, says proposed business group

Efforts are being made to form a building and civil construction sector business group

Dubai Chamber of Commerce & Industry hosted a meeting of industry representatives to discuss and form a business group for the construction sector. Officials said the new business group would operate under the chamber’s umbrella.Dr. Anwar Gargash, chamber’s executive board member and head of its economic affairs and activities committee, chaired the meeting.

“It is natural that the building and civil construction sector attracts the attention of the chamber due to the importance of this vital sector to the economy of Dubai. A selected business group will be formed to communicate with the chamber, which assures its support and offers any kind of help any time they need,” Dr. Gargash said.

Addressing the more than 110 construction representatives, Dr. Gargash pointed out that: “Through the formation of new business groups, the chamber hopes to provide business sectors in Dubai with the right tools that will help them compete and prosper.”

He said the new business group would open the door to a higher level of interaction between members and other business sectors both locally and internationally. The representatives are to meet again within two weeks to form the group and to elect the 11 members who will represent them.

Through a dedicated business group for this sector, the chamber hopes to provide a common platform, officials said adding that business groups that operate under the chamber’s umbrella are provided with administrative support and meeting facilities. “Naturally, the chamber will offer business groups’ members the necessary support,” Dr. Gargash told the construction sector gathering.

He reminded them that the important aspect is that the groups behave completely autonomously. The chamber will provide assistance and act as a facilitator with the competent authorities. The new strategy will play a vital role in the economic development of Dubai.

Al Banna gave a presentation on how over the past two years, the chamber has formed 14 business groups: “We have decided to launch four new groups representing construction contractors, car rental companies, textile traders, and shipping agents.”

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