Dubai International Chamber attracts five MNCs and 20 SMEs during Q1 2023

Dubai International Chamber attracts five MNCs and 20 SMEs during Q1 2023

DUBAI, 8th June, 2023 (WAM) -- Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has announced details of several achievements in attracting foreign direct investment and supporting chamber members in their efforts to expand into global markets.

The chamber attracted five Multinational Corporations (MNCs) and 20 Small and Medium-sized Enterprises (SMEs) during Q1 2023 alone, which exceeds the total numbers attracted throughout the whole of 2022. In addition, the chamber also supported the expansion of seven local and national companies into foreign markets by helping them increase their exports or establish a presence abroad.

The Chamber also opened a new representative office in Hong Kong, bringing the total number of its international offices to 16 by the end of Q1 2023 with a presence in Africa, Latin America, Eurasia, India, China, and the Middle East.

The opening of these offices comes as part of the Dubai Global initiative, which was launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, and is led by Dubai International Chamber. The initiative aims to establish a powerful network of 50 commercial representative offices for Dubai across five continents by