Dubai Chamber Director General appointed as Vice-Chairman of World Chambers Federation

December 15, 2009 2:30 pm

The appointment came during the recent Executive Board meeting of ICC held in New Delhi as part of the 90th anniversary celebrations of the world business organization confirming the decision made by WCF General Council in New York last October of reelecting Rona Yircali, Vice-President of the Federation of Chambers of Turkish World Trade, for a third term as Chair and Peter Mihok as Deputy Chair.

Besides Buamim, Yircali appointed five new vice chairs who had been previously endorsed by the WCF General Council at its New York meeting including Mick Fleming, American Chamber of Commerce Executives; Mahendra Sanghi, Assocham India; Mustafa Mansur, Federation of Malaysian Manufacturers; and Lorenzo Ysasi Martinez, Mexico City Chamber of Commerce. Prince Sifiso Zulu, Durban Chamber of Commerce, South Africa, was renewed as a WCF Vice Chair.

Buamim accredited the honour to Dubai’s growing profile on the international arena which he said has further reinforced the Emirate’s status of a sound investment destination through this recognition, “I am extremely happy with this new appointment as it will lend impetus to Dubai Chamber and support its mission of representing, supporting and protecting the interests of the business community besides promoting Dubai as a gateway and role model to the Middle East and an international business hub of repute.”

Buamim, added:

“This acknowledgement of Dubai Chamber also reflects the status the UAE occupies in the region’s economic scene and the great trust Dubai enjoys as a strategic business destination – a stature that would have not been realized without the unyielding support of our wise leadership.”

Said Yona Yircali, WCF Chairman, “The WCF works towards increasing the cooperation among chambers around the World. We believe that regional cooperation is very important. It is for this very same reason that I increased the number of Vice Chairs to six for this term. So, each Vice Chair can concentrate on its region. Middle East consists of nations both developed and developing. Vice Chairman Hamad Buamim will be mainly responsible for the cooperation among chambers in this region as well as contributing to the overall policies of WCF.”

Since its inception some four decades ago, Dubai Chamber has been playing the role of the economic backbone of the country as well as a leading business facilitator in the region as its membership strength increased up to over 100,000 thus catering to business communities coming from over 168 countries of the world.

“With the continuous support of the business community, Dubai Chamber has done everything within its means to expand its activities and to offer value-added services of global standards to its members. The Chamber has kept its members abreast, and at times, ahead of their global trading partners by empowering them with modern trading tools besides backing them up with market reports and export trends,” said Buamim.

He further stressed that the Emirate has succeeded in building a friendly business environment that fulfills the needs of investors, through distinguished facilities such as complete income and company tax exemptions and through providing a highly efficient technological structure, property facilities and professional services to cater to the needs of investors and their families.

The World Chambers Federation represents the chambers of commerce affairs in the International Chamber of Commerce, and is a platform for the meeting of experts and representatives of over 14,000 chambers of commerce around the world where Dubai Chamber will get a chance to raise issues that affect world trade. The WCF strengthens the ties between chambers of commerce, besides helping them to develop and provide better global standard products and services to their clients and members.

The august body also helps in opening up channels of cooperation and offers advice and counsel in the areas of administration, operations and finance for the chambers of commerce to explore investment opportunities and new markets for their members.

Dubai Chamber is the first Arab Chamber to occupy this post since the end of 2003. Usamah M. Al Kirdi, Secretary General of the Council of Saudi Chambers of Commerce, who was the Vice Chairman from 2002-2003 while Adnan Al Kassar, Beirut Chamber of Commerce (Lebanon), was chosen as Chairman from 1991 to 1996 of International Bureau of Chambers of Commerce which is now WCF. He also held the position of Vice Chairman from 1974 to 1990 as he was also made Chairman of ICC in 1999 for tenure of two years.