Dubai Group, the financial services company of Dubai Holding, has announced plans to host its first business summit in the emirate.
Partnering with the Commonwealth Business Council (CBC), the summit will be held on Feb. 4-5 and is themed The Commonwealth in Dubai — driving trade and investment through the Middle East.
It will examine the role of Dubai and the Middle East region in promoting economic development, and will bring together high profile delegates from all over the world.
Guests will include the Prime Minister of the Republic of Mauritius, the Minister of Trade and Industry from Egypt, the Minister for Finance and Economic Affairs from Tanzania, the Minster of Trade and Commerce from India and the Minister of International Trade and Industry from Malaysia.
Soud Ba’alawy, executive chairman, Dubai Group, said: “Dubai Group has investments in Africa and looks to build upon its current knowledge base. We look forward to engaging experts and leaders from the region, especially now, when the world economy is desperately looking for a new direction.”
Dr. Mohan Kaul, CEO, Commonwealth Business Council, added: “The Commonwealth is an influential economic bloc accounting for over 20 percent of global trade, and this initiative will look at expanding ties with the Gulf region and Arab world. The participation of so many senior government and private sector leaders indicates the importance the Forum has given to exploring new business partnerships.”
The summit will address how emerging markets can increase investment inflows, trade and capacity in sectors that allow them to create a sustainable competitive advantage.
It will also address the subject of financing for infrastructure development, as well as key issues or resource mobilisation and managing food price rises.
The Commonwealth Business Council works towards removing trade barriers, mobilising investment into Commonwealth countries, fostering a good environment for business and investment, promoting good practice in corporate governance and corporate citizenship, and facilitating the engagement of the private sector in information communication technology for development initiatives.
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