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Dubai promotes investing in Dubai to U.S. investors

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Staff writer |
DubaiDubai Chamber of Commerce and Industry called on American companies to consider Dubai as a base for expansion, showcasing the benefits of investing in the emirate.

The invitation was made during a Trade Mission Series State of Illinois visit, headed by Danny K. Davis, U.S. Congressman, 7th District of Illinois, which was received by Hisham Al Shirawi, 2nd Vice Chairman, Dubai Chamber, reports Emirates News Agency (WAM).

Al Shirawi said that Dubai Chamber had been working to enhance relationships between Emirati and American business communities to bring them closer together to enhance two-way trade and investment opportunities.

"Dubai and the US have a strong trade partnership that has increased significantly over the past decade. In that time, Dubai's total non-oil trade with the US has increased 500%, from AED 11.9 billion in 2002 to AED 76.5 billion in 2012, making it Dubai's 4th largest trade partner," said Mr. Al Shirawi. He added that the current relationship between Dubai and the US was good but that more could be done to develop further growth.

At present Dubai Chamber has over 1,230 American companies among its members. It also has the American Business Council that works to represent, support and protect the needs of these companies.

Aida Araissi, President and Managing Director, Bilateral US-Arab Chamber of Commerce, said that its organisation, founded in 1997, works to promote bilateral trade, investment and education between the US and the Arab world.

Ms. Araissi highlighted the positive reputation that Dubai Chamber has as one of the most active in the region. She said that she first led a U.S. delegation visit to Dubai in 2002 and has since taken a total of 19 delegations.

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