Hamdan Bin Mohammed Inaugurates Dubai International Chamber’s New Office In Bengaluru To Boost Economic Ties With India

The economic ties between Dubai and India are experiencing significant growth, according to H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. He noted that trade and investment are expanding in both traditional and new sectors, driven by leadership support. These remarks were made during a Dubai Chambers event in Mumbai, which coincided with his official visit to India.

During the event, H.H. Sheikh Hamdan highlighted the strategic importance of opening a new office for Dubai International Chamber in Bengaluru. This move is expected to enhance economic cooperation between Dubai and India, fostering stronger business partnerships and advancing the digital economy. The initiative marks a new phase of economic integration between the two regions.

H.H. Sheikh Hamdan emphasised the commitment to following the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. This vision focuses on building cooperative bridges with global partners to advance mutual interests and support sustainable development. The establishment of the Bengaluru office aligns with this vision, aiming to strengthen ties with international markets.

The opening of the Bengaluru office increases the number of Dubai International Chamber’s international offices to 34. This expansion is part of the Dubai Global initiative led by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. The initiative aims to establish 50 international offices worldwide by 2030, targeting foreign direct investment and helping Dubai-based companies explore new opportunities in 30 global markets.

H.H. Sheikh Hamdan stated, "The opening of Dubai International Chamber’s new office in Bengaluru represents a strategic step that will elevate economic cooperation between Dubai and India. It lays the foundation for a new chapter of economic integration, stronger business partnerships, and the development of the digital economy."

This expansion reflects Dubai's proactive approach to strengthening its global presence and economic influence. By establishing more international offices, Dubai aims to attract foreign investments while providing local businesses with access to diverse markets worldwide.

The event in Mumbai was attended by senior business leaders from both countries, highlighting the importance of collaboration in driving economic growth. The discussions focused on enhancing trade relations and exploring investment opportunities that benefit both regions.

H.H. Sheikh Hamdan's visit underscores the commitment to fostering strong bilateral relations with India, a key partner in various sectors. The ongoing efforts aim to create a robust framework for sustainable economic development through strategic partnerships and initiatives.

With inputs from WAM