The office was officially opened by H.E. Abdul Rahman Saif Al Ghurair, Chairman, Dubai Chamber, in the presence of H.E. Nawzad Hadi, Governor of Erbil, Kurdistan Regional Government (KRG), H.E. Hamad Buamim, President & CEO, Dubai Chamber, H.E. Mohammed Rashid Al Mansouri, UAE Consul General in Erbil, and H.E. Mohammed Al Shehhi, Undersecretary of the UAE Ministry of Economy, during a trade mission to the region led by Dubai Chamber between January 13-15.
H.E. Al Ghurair said: “There are tremendous investment opportunities in Kurdistan across various economic sectors, especially trade, reconstruction and the development of infrastructure, oil, tourism and industry.”
H.E. Buamim said: “The Erbil office in Erbil provides added value for UAE companies and will help them connect them with local partners. The office will also support the presence of UAE companies in markets in Central Asia, Turkey and the Middle East."
The value of trade between the UAE and Iraq is estimated to have reached over US$8 billion in 2012. Iraq now ranks second behind Saudi Arabia as the largest market for Dubai Chamber members’ exports and re-exports in 2013.
In his speech, the Governor of Erbil confirmed that the new office will have a positive and significant impact on economic relations. H.E. Hadi said that his city was hoping to take advantage of Dubai’s expertise in several vital economic sectors.
An official trade mission dinner was attended by H.E. Falah Mustafa Bakir, Head of the Department of Foreign Relations, H.E. Abdul Karim Sultan Sinjari, Minister for the Interior, H.E. Ali Sindi, Minister of Planning and H.E. Qubad Talabani, Minister for Coordination & Follow-up, of the KRG, as well as H.E. Hadi, Governor of Erbil, and H.E. Dara Jalil Khayat, Chairman of the Kurdistan Federation of Chambers of Commerce.
H.E. Bakir stressed his government's keenness to strengthen bilateral relations with Dubai, calling it long-term strategic relationship. He welcomed the new office saying the KRG was committed to developing the region with priorities given to investments in agriculture, industry, tourism, construction, services, health and education.
Source: ME NewsWire