Dubai Chambers Partners with ICBC to Boost Business Opportunities

21 Aug, 2024

Dubai Chambers Partners with ICBC to Boost Business Opportunities

Dubai Chambers has signed a Memorandum of Understanding (MoU) with the Industrial and Commercial Bank of China Limited – Dubai (DIFC) Branch. This agreement aims to enhance cooperation between the two entities and improve support for businesses in Dubai and China. Under this MoU, Dubai Chambers will assist ICBC’s customers in establishing their businesses in Dubai, fostering greater collaboration and mutual support between the business communities of both regions.

The agreement establishes a comprehensive framework for cooperation, focusing on boosting bilateral trade and investment. By leveraging their respective networks and expertise, Dubai Chambers and ICBC will work together to promote business opportunities and strengthen economic ties between Dubai and China.

The MoU was formalized by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Wei Luo, General Manager of ICBC’s Dubai (DIFC) Branch, at Dubai Chambers’ headquarters. This agreement coincides with the 40th anniversary of diplomatic relations between the UAE and China and is timed ahead of the Dubai Business Forum – China, highlighting the strategic importance of this partnership.