Dubai Chamber - Hamburg Chamber - MoU - strategic partnership - techxmedia

Dubai Chamber and Hamburg Chamber sign MoU to renew strategic partnership

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The Dubai Chamber of Commerce and the Hamburg Chamber of Commerce have signed an MoU to continue their strategic cooperation, which began in 2007, and to create greater ties between the UAE and German business groups.

Commenting on the partnership, H.E Hamad Buamim, President & CEO, Dubai Chamber, remarked, “Both Chambers realize the importance of cooperation to drive innovation and to provide effective solutions to boost energy, address environmental concerns and promote sustainability and mobility.”

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H.E. Buamim added that the MoU aligns with the Chamber’s efforts to offer members access to growth opportunities and explore business partnerships with their global counterparts.

He noted that Dubai and Hamburg are remarkably similar in terms of logistical prowess, strategic geographical location and a strong emphasis on being a trade hub. Therefore, this MoU with the Hamburg Chamber of Commerce seems as a natural next step to tap into existing trade and investment potential.

“In line with our strategic vision, Hamburg 2040′, the cooperation with Dubai Chamber of Commerce and Industry will provide new opportunities for our member companies in Dubai and beyond. Thanks to its openness for new ideas, Dubai provides an excellent launch pad for innovation from Hamburg. Furthermore, as a global hub Dubai is a great starting point for Hamburg-based companies to spot the latest trends in business and innovation and develop new markets in the region,” says Dr Malte Heyne, CEO of the Hamburg Chamber of Commerce.

He noted that Dubai and Hamburg are remarkably similar in terms of logistical prowess, strategic geographical location and a strong emphasis on being a trade hub. Therefore, this MoU with the Hamburg Chamber of Commerce seems like a natural next step to tap into existing trade and investment potential.

The agreement, which was inked on the sidelines of the 12th World Chambers Congress (WCC) in Dubai, focuses on shared innovation goals, with an emphasis on energy, transportation, and new technology.

The two chambers agreed to expand their cooperation, share knowledge, and best practices on membership-related services through the institutional exchange, including exchange and cooperation in other countries where the organizations have a presence, under the terms of the agreement.

The chambers will collaborate on future initiatives and develop cross-regional collaboration in the healthcare sector and co-host meetings between companies from both nations.

The Dubai Chamber of Commerce and the Hamburg Chamber of Commerce established a strategic collaboration in 2007 and worked hard to bring the two business communities together.

Over the previous decade, this connection has opened up new avenues for beneficial cooperation, with the Dubai-Hamburg Commercial Forum serving as an essential platform for business interchange.

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