dubaihong kong trade given fresh momentum
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Dubai-Hong Kong trade given fresh momentum

Egypt Today, egypt today

Egypt Today, egypt today Dubai-Hong Kong trade given fresh momentum

Dubai-Hong Kong trade given fresh momentum
Cairo - Mena

 As part of its mandate to facilitate trade from Dubai and create an enabling environment for Dubai’s exporters, Dubai Exports, the export promotion agency of Dubai Economy, has expanded its network with the opening of a new overseas trade office, OTO, in Hong Kong.

The Hong Kong office, the 7th in its growing international network for Dubai exports, will open up new channels for local companies to connect to the Far East where growing demand for competitive products and services have created a diversity of opportunities.

"The new office is a significant value addition to the exports trade and an ideal opportunity to sustain the growth of our local companies in international markets, particularly those in East Asia, which are witnessing continued growth and diversification," said Sami Al Qamzi, Director General of Dubai Economy.

"These overseas trade offices represent a competitive service destination for promoting productive linkages. They are a valuable platform for UAE companies to benefit from unique trade promotion expertise as well as periodic studies on business landscape and opportunities in their host countries and neighbouring markets," he added.

"Total non-oil trade in Dubai reached AED327 billion in the first quarter of 2017, representing an increase of 2.7 percent over the same period last year," said Engineer Saeed Al Awadi, CEO, Dubai Exports. "The Asian region remained the top non-oil trade partners for Dubai in the first quarter of 2017 and that reaffirms Hong Kong as a strategic growth opportunity for us in Asia."

"The growth seen in exports from Dubai has inspired local companies to seek new opportunities abroad," commented Al Awadhi. "Through the overseas offices, Dubai Exports assists local companies on the critical aspects of penetrating foreign markets, starting with good preparation as well as knowledge of the business landscape and export opportunities in the medium term."

Speaking at the launch, Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said, "Both Hong Kong and Dubai are at the crossroads of world trade and we share a common history as capitals of commerce, with well-developed logistics infrastructure that has enabled the growth of our economies over the years. We are proud to be playing a significant role in trade between the two cities through our flagship operations in Jebel Ali Port and our operations in the Port of Hong Kong building on firm partnerships already exist especially through Jebel Ali Freezone in Dubai which is home to 32 Hong Kong companies and saw trade worth US$339.7 million with Hong Kong in 2016. In addition, DP World and our partners are investing $1.9 billion in China port terminals until 2020 and we already have operations alongside Hong Kong, in Qingdao, Tianjin and Yantai. The region will continue to play a major role in our global network across 40 countries and we look forward to working with Dubai Exports to grow trade there for the long term."

Nabil Sultan, Divisional Senior Vice President, Emirates SkyCargo, commented: "I’m delighted to congratulate Dubai Exports on establishing a footprint in what is undoubtedly one of the world’s busiest and biggest air freight markets. Emirates has been flying to Hong Kong for well over two decades and we currently have 26 freighters and 28 passenger flights connecting Hong Kong to the rest of the world weekly through our global network of over 155 destinations across six continents. Emirates SkyCargo is a leading facilitator of trade - connecting suppliers, manufacturers and end customers around the world, and we look forward to working with Dubai Exports to help regional exporters from Hong Kong connect to their customers in Dubai and beyond."

In the meantime, Dubai Exports has organised a panel discussion on the sidelines of the opening of the new office with representatives of the Hong Kong Trade Development Authority, Dubai Ports World and Emirates SkyCargo in attendance. The participants highlighted the importance of linking Dubai and Hong Kong, both prominent re-export hubs and gateways.

Dubai Exports has developed a range of value-added trade support services to UAE-based firms exporting through Dubai, for accelerated and profitable expansion of their businesses in foreign markets.



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubaihong kong trade given fresh momentum dubaihong kong trade given fresh momentum

GMT 09:34 2019 Monday ,19 August

Live a positive and important atmosphere

GMT 06:36 2017 Wednesday ,05 April

Ericsson showcases latest demos at STC FUDEX 2017

GMT 13:59 2013 Monday ,30 December

Jesus was not born on December 25

GMT 00:04 2011 Wednesday ,04 May

World stocks rise after death of Osama Bin Laden

GMT 17:49 2011 Wednesday ,04 May

Glencore sets share price in year\'s biggest IPO

GMT 14:44 2016 Monday ,08 February

Health insurance bill still 'under societal debate'

GMT 07:15 2011 Wednesday ,30 November

Tokyo Motor Show opens

GMT 10:52 2012 Thursday ,12 July

Olmert charges were meant to foil peace

GMT 14:02 2011 Saturday ,24 December

Interior of Mercedes ML63 AMG

GMT 01:04 2015 Friday ,17 April

Qatar's emir condoles Saudi king

GMT 13:13 2011 Sunday ,14 August

Malnutrition ravaging Somali refugees in Ethiopia

GMT 08:20 2016 Friday ,13 May

Apple invests $1bn in China taxi app Didi

GMT 13:24 2012 Friday ,13 January

Mopar has parts menu ready for the Dodge Dart

GMT 11:04 2014 Sunday ,21 December

Sheikh Ghamdi’s victory

GMT 13:40 2016 Thursday ,08 December

Greenland's ice-free past exposes sea level rise danger

GMT 12:37 2015 Saturday ,08 August

Derek Shepherd's death was only way

GMT 07:40 2011 Saturday ,25 June

Australia-N.Zealand travel off due to Chile ash

GMT 18:54 2017 Thursday ,09 March

20 Militants Killed in Afghanistan Airstrike
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday