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Dubai International Chamber revealed its ambitious plans for facilitating the global expansion of local businesses by organizing roadshows in key regions worldwide. The chamber aims to

explore lucrative business opportunities for its members in strategic markets, with roadshows scheduled for Asia, Europe, East and West Africa later this year. Additionally, the Baltic region, ASEAN countries, Turkey, and other African markets will be targeted for roadshows in 2024.

These initiatives align with the chamber's 'New Horizons' program, which was launched earlier this year to support and drive the international growth of local private sector companies. At a special meeting held at its headquarters, the Dubai Chamber shared the successful outcomes of its trade missions to Central Asia, the United Kingdom, and South Africa during the first half of 2023.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, emphasized the significance of the New Horizons initiative in achieving Dubai's goal of increasing non-oil foreign trade to AED 2 trillion by 2026, in line with the emirate's five-year trade plan. The chamber aims to facilitate the global expansion of 100 Dubai businesses by the end of 2024.

The New Horizons initiative began with a roadshow in March, focusing on Central Asia with visits to Uzbekistan, Kazakhstan, and Kyrgyzstan. Subsequent trade missions to the Retail Technology Show in London and SAITEX in Johannesburg saw the participation of 38 companies in the delegations. These roadshows resulted in over 550 business meetings, fostering potential partnerships and discussions on strengthening bilateral ties and cooperation.

The initiative offers local companies the opportunity to participate in international trade missions, gain valuable insights into establishing and operating businesses in priority markets, and further their global reach. Photo by Imre Solt, Wikimedia commons.