Dubai International Chamber Appoints Three New Board Members
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has issued a decree confirming the appointment of three new members to the board of directors at Dubai International Chamber.
Dubai International Chamber Appoints New Board Members to Enhance Global Business Hub
The chamber aims to strengthen Dubai's position as a leading global business hub by attracting foreign direct investment, supporting member companies' international expansion, and promoting trade. The newly appointed board members are Omar Channawi, Chief Executive of Procter & Gamble for the Middle East, Sub-Saharan Africa, and global export markets; Yasser Abdul Malak, Chairman and CEO for the Middle East and North Africa of Nestle Middle East; and Khalil Yassine, Head of Unilever Arabia. Their expertise is expected to bring significant value to the chamber's strategic priorities.
Dubai International Chamber's Three-Year Strategy Supports Dubai's Goal of Global Trade Leadership and Economic Growth
Dubai International Chamber's three-year strategy for 2022-2024 aligns with the emirate's goal of becoming a major global trade capital and a preferred strategic hub for multinational companies. The strategy supports the five-year foreign trade plan, which aims to boost Dubai's non-oil foreign trade to Dh2 trillion ($544 billion) by 2026. Key objectives of the chamber's strategy include facilitating the expansion of 100 companies from Dubai into priority overseas markets and improving the business environment in the emirate. Special emphasis is placed on attracting multinational companies to Dubai and encouraging them to list on the Dubai Financial Market.
Dubai's Economic Vision: D33 and Dubai Global Initiative Drive Growth and Global Integration
Dubai's ambitious economic agenda, known as D33, aims to position the emirate among the top three cities in terms of economic strength by 2033 and within the top four global financial centers. In line with this vision, the Dubai Financial Market and Dubai Chamber of Commerce have launched a program to support regional private businesses in growing and listing on the local bourse. The chamber is also driving the Dubai Global initiative, which seeks to establish 50 commercial representative offices for Dubai across five continents by 2030. This initiative aims to attract foreign multinationals, small and medium enterprises, investors, and international talent to Dubai by showcasing the emirate's competitive advantages, sharing investment information, and fostering strong relationships with stakeholders worldwide.