Dubai Chamber of Commerce Draws Six International Corporations

03 Nov, 2023

Dubai Chamber of Commerce Draws Six International Corporations

Dubai International Chamber, a key entity within Dubai Chambers, has achieved a significant milestone by successfully luring six global companies to establish their operations in Dubai. The signing of six Memorandums of Understanding (MoUs) during the Dubai Business Forum underscores the chamber's dedication to fulfilling its strategic objectives of attracting international firms and investments to the emirate.

Shenzhen Meiniao Technology, valued at over US$300 million, is a Chinese tech company specializing in comprehensive solutions for automotive and home entertainment software and hardware. Over five years, they have developed a range of automotive entertainment solutions for various vehicles. Timla Consumer Products, an Indian snack brand entering the UAE under the name Timla Trading, is projected to generate a recurring annual revenue of US$14 million in 2023-2024.

Sensedynamic Fashions is a direct-to-consumer youth fashion e-commerce company with a value of US$20 million. Operating with innovative production-on-demand technology, they maintain zero inventory and zero warehousing. Metal Power, an Indian manufacturing firm with a value of US$12 million, offers a wide range of products and services for optical emission spectrometers and has over 35 years of experience.

House of Indonesia, formerly known as NRA Group, is a major Hajj and Umra travel agency in Indonesia with a current revenue of US$150-180 million. They intend to relocate their headquarters from Jakarta to Dubai, expanding into various sectors including general trading, property, and furniture.

Dynamox, a Brazilian technology company valued at US$20 million, specializes in vibration and monitoring solutions for maintenance and reliability teams across industries. With a presence in 22 countries, they plan to establish an office in Dubai to connect with potential partners and clients across the MENA region.

The Dubai Business Forum, held from November 1-2 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, serves as a platform for key stakeholders from government and private sectors globally to explore economic partnerships and expand international networks, facilitating new opportunities in business, trade, and investments.