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Tue 19 Mar 2019 11:12 AM

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Video: What opportunities does Latin America hold for the UAE?

The Dubai Chamber of Commerce and Industry plans to allocate $27 million to raise awareness about trade and investment opportunities in Latin America and the Caribbean and plans to open a third office in the region, according to Dubai Chamber President and CEO Hamad Buamim.

The Dubai Chamber has two offices in the region in Brazil and Panama, and is planning to open a third in Argentina in the near future.

“Argentina remains one of Dubai’s top trading partners within Latin America,” Buamim added. “There is hue potential to expand the scope of Dubai-Argentina non-oil trade beyond the $186 million accounted for in the in the first nine months of 2018.”

Arabian Business reporters Bernd Debusmann and Shruthi Nair discuss why Dubai is turning its eyes towards Latin America.

(Source: Arabianbusiness.com YouTube channel)