African Organizations/Investors explore conducting business in UAE

In its efforts to promote Dubai as a global business hub, the Dubai Chamber of Commerce and Industry through its representative offices in Africa recently organized a webinar titled ‘Moving to Dubai’, which familiarized African companies and investors with the key advantages of doing business in the emirate.

The virtual event which was attended by 160 participants, was hosted in cooperation with Dubai Tourism, Bizzmosis and Dubai Land Department. Speakers included Omar Khan, Director of International Offices at Dubai Chamber; Stella Fubara-Obinwa – Director of International Operations Dubai Tourism; Marianna Bulbuc – CEO and Managing Partner, Bizzmosis Business Groups; and Dr. Mahmoud El Burai – Senior Adviser, Dubai Land Department.

Presentations and speeches highlighted the importance of Dubai as a preferred destination for investors, businesses, entrepreneurs and specialized talent. During the webinar, participants learned about initiatives introduced by the Government in recent years, including virtual work visas and 10-year and 5-year Golden Visas, the granting of UAE citizenship to select foreigners, and amendments to the country’s bankruptcy laws, among other business-friendly measures.

Omar Khan elaborated on Dubai’s vast competitive advantages, such as its strategic geographic location, world-class infrastructure, excellent logistics facilities, 100 per cent foreign ownership, investor-friendly regulatory environment and attractive free zones offering value-added services. He noted that such benefits, along with the business-friendly measures unveiled over the last few years, have boosted Dubai’s economic competitiveness and elevate its status as a global business hub.

Mahmoud El Burai, Senior Adviser at Dubai Land Department said: “Africa is a continent of limitless potential and a thriving hub for investors. At DLD, we are constantly striving to work on creating new partnership opportunities that would benefit investors, and through this seminar, we aimed to highlight the confidence in Dubai’s real estate environment in addition to the enormous investment benefits that the emirate provides in this field.”

Source: Khaleej Times

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