Dubai Chamber Sets up Brazilian Trade Council to Intensify Commercial Relationships
Dubai fortifies economic ties with Brazil by introducing the Brazilian Business Council
In a strategic move to bolster trade and investment links between Dubai and Brazil, the Dubai Chamber of Commerce announced the creation of the Brazilian Business Council. This new entity, unveiled at the inaugural annual general meeting held at Dubai Chambers' headquarter, aims to nurture collaboration between businesses from both regions.
The primary objective of this council is to facilitate joint ventures, promote business engagements, and exchange market insights and expertise between Brazilian enterprises and their Dubai counterparts. This collaboration is expected to foster growth and cultural exchange while deepening trade and investment partnerships in sectors such as energy, infrastructure, and technology.
During the last year, non-oil trade between Dubai and Brazil surged significantly, reaching AED 13.8 billion, marking a 35% rise from the previous year. According to the Dubai Chamber of Commerce, the membership of active Brazilian companies also increased by 22%, reaching 364 firms by the end of the year. This rapid growth underscores Dubai's growing appeal to Brazilian investors, reinforcing its position as a prime international business hub.
Maha Al Gergawi, Vice President of Business Advocacy at Dubai Chambers, emphasized that the new council represents a strategic effort to draw global investment and deepen economic ties. The council becomes a part of Dubai Chamber of Commerce's network of country-specific councils, each designed to encourage cross-border collaboration in support of Dubai's broader aim of becoming a leading global business center.
The Enrichment Data suggests that the significant increase in trade volumes between Dubai and Brazil is a testament to the strong and expanding economic relationship between the two regions. Both parties remain committed to enhancing cooperation for mutual growth and prosperity. The Brazilian Business Council plays a crucial role in fostering business, investment, and collaborative opportunities in this burgeoning partnership.
The Brazilian Business Council, a new entity created by the Dubai Chamber of Commerce, aims to nurture collaboration between businesses from both regions and facilitate joint ventures, promoting business engagements. This council is expected to deepen trade and investment partnerships, particularly in sectors like energy, infrastructure, and technology, further reinforcing Dubai's position as a prime international business hub. The significant rise in non-oil trade between Dubai and Brazil, reaching AED 13.8 billion, and the increase in active Brazilian company membership, highlights Dubai's growing appeal to Brazilian investors, thereby underscoring the strong and expanding economic relationship between the two regions.
