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Wed 27 Mar 2019 01:59 PM

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Dubai trade delegation eyes new opportunities in Panama

Dubai Chamber of Commerce and Industry says it will lead a high-level delegation to Panama in April

Dubai trade delegation eyes new opportunities in Panama
Kicking off on April 6, the week-long trade mission will coincide with the third Global Business Forum Latin America which Dubai Chamber is hosting on April 9-10 in Panama City.

Dubai Chamber of Commerce and Industry has announced that it will lead a high-level delegation of UAE government officials and prominent businessmen to Panama in April.

It said delegates will get the opportunity to explore new growth opportunities that are emerging in promising markets across Latin America and the Caribbean region.

The trade mission will examine prospects for boosting Dubai’s non-oil exports and re-exports to Latin America beyond the AED2.1 billion and 207,000 tonnes accounted for in 2018.

Kicking off on April 6, the week-long trade mission will coincide with the third Global Business Forum  Latin America which Dubai Chamber is hosting on April 9-10 in Panama City.

Food security, logistics, tourism, finance, renewable energy and infrastructure identified as high-potential areas where UAE and Latin American businesses can expand cooperation, and these prospects will be explored in further detail during the delegation visit and forum in Panama.

The delegation will be led by Majid Saif Al Ghurair, chairman of Dubai Chamber, and joined senior executives from entities including Ahmed Seddiqi & Sons, SS Lootah Group, Dubai Multi Commodities Centre, Dubai Silicon Oasis Authority, DP World, Expo 2020, Mubadala, The Kanoo Group and Du.

Mohammed Bin Abdul Aziz Al Shehhi, Undersecretary of Economic Affairs for the Ministry of Economy who will also be part of the delegation, said that the UAE continues to maintain excellent relations of cooperation with Latin American countries.

Hamad Buamim, president and CEO, Dubai Chamber, added: “We are trying to build a network to support our businesses in Dubai so they know more about the opportunities for trade and investment internationally. If they want to proceed, we want our people on the ground to help them close deals and connect with other businesses."

The trade mission will include site visits to the Panama Canal, City of Knowledge, Colon Free Zone where delegates will learn more about Panama’s business environment, economy and investment opportunities.