DUBAI, United Arab Emirates--(BUSINESS WIRE)--The Dubai Chamber of Commerce and Industry today (Wednesday) inaugurated its first overseas office in the Azerbaijani capital of Baku which is seen as a giant leap forward in establishing the global presence of UAE companies in Central Asia and the Caucasus region.
The new office will open up a gate of opportunities for Dubai businesses in the emerging Caucasus markets and explore joint partnerships in various lucrative economic sectors of the country and its surrounding region.
It will also lead to a two-way trade as Azeri companies will get all the information they would need for entering the Dubai market and the rest of the GCC region through the emirate.
Said H.E. Hamad Buamim, Director General, Dubai Chamber, "The opening of this first overseas representative office is part of Dubai Chamber’s new strategy to introduce its members to opportunities in new emerging markets and to stir the economic growth of the emirate by promoting Dubai globally while enhancing its business competitiveness in the overseas market."
The new office will provide easy access to Dubai’s business community in expanding their business interests in the markets of Central Asia as there is good potential for new business opportunities and joint partnerships in Azerbaijan, Georgia, Kazakhstan and other countries in the region. It will also help Dubai businesses to know about the prevailing legal regulations and requirements for setting up business in the country.
The new representative office, which was inaugurated during the Dubai Chamber Trade Mission to Azerbaijan, was launched on the sidelines of the UAE-Azerbaijan Economic Forum.
The UAE-Azerbaijan Business Forum was attended by H.E. Niyazi Safarov, Azerbaijan Deputy Minister of Economic Development, H.E. Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary of the UAE Ministry of Economy, H.E. Elkhan Gahramanov, Azerbaijan Ambassador to the UAE, H.E. Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber, Mr. Rufat Mammadov, Acting President, Azerbaijan Investment Promotion (AzPromo), and 20 business leaders from various economic sectors of Dubai.
The opening of Baku office will be followed by a series of 20 such representatives offices spread out in various upcoming markets of the world.
Source: ME Newswire
The release can be viewed online: http://www.me-newswire.net/news/6444/en