Guyana to open commercial representative office in Dubai

Last Updated on Saturday, 26 December 2015, 21:00 by GxMedia

(EMIRATES 24/7).-Dubai Chamber of Commerce and Industry today pledged its support to the visiting Guyana President, Honorable Donald Rabindranauth Ramotar and his high-level delegation for setting up a Guinean commercial office representing the Caribbean region in Dubai.

Hamad Buamim, President and CEO, Dubai Chamber, who received the Guyanese President at the Chamber premises, stated that this visit represents a turning point in the bilateral relations between the Guyana and Dubai as it will lead the two sides to chart out a strong commercial future for their businesses to explore potential investment opportunities and to work together in various areas of mutual interest.

Assuring the delegation of the Chamber’s commitment to facilitate a quick opening of their representative office, Buamim further stated that the new office will directly contribute to the strengthening of bilateral ties between the business communities of the UAE and the Caribbean region.

He apprised the visiting President about Dubai’s potential in hosting the World Expo 2020 and the emirate’s preparations and capability of organising the global event on its soil and the advantages the winning of the bid will bring to the country and its various economic sectors.

Buamim said Dubai with its world-class logistics and infrastructural facilities including the managing of ports can offer its expertise in the field as he called upon the setting up of direct flights between Guyana and Dubai which he said will facilitate the trading activities of the two countries.

The President and CEO of Dubai Chamber informed the visiting Guyanese President about Dubai’s attractive investment environment which he said is led by the key drivers of the emirate’s economic growth including trade, tourism, logistics and financial services as he said that these sectors were continuing their high-growth performance and attracting more investors to the emirate.

He also said that as part of its new strategy to reach out to untapped and promising markets of the world and to promote its members’ competitiveness in overseas business destinations, Dubai Chamber was concentrating on the African Continent and this new relationship with the Caribbean Community will allow the Chamber members to reach out to South America while allowing Caribbean business to trade with the Middle East region and the rest of the world from Dubai.

On his part, Guyana President, Honorable Donald Rabindranauth Ramotar, expressed his country’s desire to benefit from Dubai’s expertise in major economic fields as he called upon UAE companies to invest in his country’s high return investment sectors including mining, fisheries, agriculture and tourism which he said are potential areas of joint cooperation for businesses from Guyana and the UAE.

Lauding Dubai’s economic growth model, the Guyanese President stressed on his country adopting the emirates logistics and infrastructural development which he said can be handy for Guyana as the country was expanding its airport and the opening of the new representative office will lead to a two-way trade flow between the businesses of the two countries, he added.

The Guyanese President also extended his invitation to Dubai Chamber to send a trade delegation to Guyana to explore joint investment opportunities between the two countries as he also praised the Chamber’s efforts in strengthening bilateral relations between the two strategic regions of the business world.