DCCI receives a media delegation from South Korea

United Arab Emirates: Saturday, April 15 - 2006 @ 15:57

As well as upgrading the emirate’s infrastructure and supporting its economic, construction and tourism potentials to keep up its recognized position as an important regional and international business hub and an encouraging destination that attracts foreign investments and tourists in the region.

Al Mutaiwee received a media delegation from South Korea that included a number of reporters and editors from major Korean business newspapers, magazines and radio stations who visited the DCCI to learn about the Dubai Chamber and its commercial services provided to the Dubai business community, as well as the DCCI’s contribution to the economic development which the emirate is witnessing.

“The DCCI played and is still playing a key role in supporting Dubai’s national economy under the wise directives and leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President, Prime Minister and Ruler of Dubai, who laid the foundation of Dubai’s economic development through adopting an open market policy, improving the infrastructure and providing an appropriate environment for investments in a way that helped Dubai become an attractive destination for investors and an important regional business hub,” said Al Mutaiwee.

Answering questions raised by the Korean reporters, Al Mutaiwee stressed that the DCCI’s vision and mission focused on making the Dubai Chamber the ideal organization that ensures the competitiveness of Dubai business community, as well as promoting and protecting its interests through providing value added services such as issuing certificates of origin for traders, exporters and members of the Chamber whose number surged to more than 60,000 members. The DCCI also works as a mediator to resolve the disputes that might occur among the members, in addition to studying the economic regulations which are issued to serve the businessmen’s interests and support the national economy.

He pointed out that there are many Korean and other foreign companies that operate in Dubai and its related free zones either through partnerships with UAE nationals, or through opening companies’ branches in Dubai city, or through setting up new companies in one of the free zones such as Jebel Ali Free Zone Authority (Jafza) in which more than 4,000 companies operate. He added that some well-famed companies have opened branches in Dubai such as Toyota, General Motors, Phillips, Kodak, Nestle, Oracle and others, as well as some other companies that operate in Dubai Internet City, Dubai Media City, Dubai Healthcare City and Dubai Logistics City.

“The DCCI entirely supports the companies working in Dubai’s free zones with imposing no restrictions on the number of laborers, tax free, exemption from customs on raw materials and machinery for manufacturing companies with ensuring full protection to laborers’ rights,” said Al Mutaiwee.

He stressed that Dubai’s economic future should rely on national manpower through training them and working on making Dubai the most prestigious and modern city in the region on all fronts through developing the emirate’s infrastructure, healthcare, education, encouraging industries and signing free trade agreements with the US, Japan, India, Malaysia, Singapore, and the European Union.

Replying to an inquiry about the DCCI’s role in supporting tourism sector in Dubai, Al Mutaiwee explained that the future vision of Dubai’s economy depends on developing tourism sector through the strong activity of Emirates Airlines which largely attributed to making Dubai a promising destination for tourists from all over the world. He stressed that tourism attributes by 12 to 14 % of Dubai’s GDP.

“Dubai Chamber, along with other government departments in Dubai such as Dubai Civil Aviation Department, Dubai Department of Naturalization and Residence, Dubai World Trade Center, and Jebel Ali Free Zone Authority (Jazz), have jointly established an establishment in 1989 to promote tourism in Dubai and opened 5 branches in Hong Kong, Tokyo, London, New Jersey and Frankfort. The establishment soon adopted a clear plan and vision which later was re-established as the Department of Tourism and Commerce Marketing in 1995,” he added.

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Saturday, April 15- 2006 @ 15:57 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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