The world’s flagship Free Zone, Dubai Multi Commodities Centre (DMCC) has successfully concluded a series of ‘Made For Trade Live’ international roadshows and trade discussions in Istanbul, Turkey.
Highlighting Dubai’s commercial appeal and exploring avenues for the Freezone to connect with the Turkish market to increase bilateral trade, this week’s major roadshow in partnership with the Turkish Business Council and Tamimi Consulting called on more than 150 companies aiming to expand their business abroad and learn about company formation in Dubai.
The meeting was held following 13 trade agreements signed between Turkey and the UAE earlier, to enhance cooperation in the areas of trade, transport, energy, technology, and telecommunications.
Ahmed bin Sulayem Executive Chairman & CEO DMCC
“The trade between UAE and Turkey topped $7.2 billion in the first half of 2021, and there is a strong appetite and potential to mutually grow trade across countless business verticals. The roadshow events and trade discussions held during our visit to Istanbul, reflect DMCC’s mandate to drive trade and attract new business to Dubai.”
Mr. Bin Sulayem further added that, “As ties between UAE and Turkey expand by sea and land, including the upcoming UAE-Turkey rail corridor, we are expecting a major leap of regional connectivity that will unleash immense trade potential at increased speed and less cost. We are thrilled to be on the ground to showcase everything Dubai and DMCC have to offer and are confident we will be unlocking a host of mutually beneficial opportunities.”
The 2nd Roadshow
The second roadshow of the week was also held in collaboration with the Turkish Business Council and Tamimi Consulting, at the Turkish Exporters’ Assembly, representing more than 100,000 exporters from 27 regions. The Event gathered around 200 companies who learned about setting up a business in Dubai.
DMCC also held trade discussions and explored collaboration with TUSIAD, the Turkish Industry and Business Association, whose members represent 80 percent of Turkey’s foreign trade volume, as well as the Istanbul Chamber of Commerce, one of the largest chambers of commerce in the world, with over 350,000 members.
Commodity and trade negotiations were also held with the Istanbul Minerals and Metals Exporters Association, under affiliation with the Turkish Ministry of Trade and jointly overseeing $87 billion in Turkish cargo exports.
Additional collaboration meetings took place with ITKİB (Istanbul Textile and Apparel Exporter Associations), Istanbul Exporters’ Association, and more.
Ms. Fatima Nilgun Emerem, President, Turkish Business Council, Dubai & Northern Emirates, added, “As Turkey-UAE trade relations expand, we are delighted to have partnered with DMCC to co-host roadshows across Istanbul to promote DMCC and showcasing the potential of setting up a business in Dubai to the wider Turkish business community.”
“In addition, the trade-focused discussions with Istanbul Chamber of Commerce, the Turkish Industry and Business Association, the Istanbul Mineral and Metals Exporters’ Association, as well as the Istanbul Exporters’ Association, highlight the many areas of future collaboration and business opportunities between Turkey, Dubai, and DMCC,” Ms. Fatima added.
The fastest route to Dubai and global trade, ‘Made For Trade Live’ is hosted by DMCC to connect different people and markets. The international roadshow ‘Made For Trade Live’ will soon visit the UK, China, Germany, and India this year.
