Dubai Chamber of Digital Economy, one of the three chambers under Dubai Chambers, has inked a Memorandum of Understanding (MoU) with the Geneva Chamber of Commerce, Industry, and Services (CCIG).
The MoU seeks to enhance collaboration between private sector companies in Dubai and Geneva and foster investment opportunities in promising business sectors such as digital technologies, cleantech, health, education, commodities trading, and financing.
H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Vincent Subilia, Director General of the Geneva Chamber of Commerce, Industry, and Services, signed the agreement. Leaders and officials from both sides also attended the signing ceremony.
Under the agreement, the two parties will support Geneva-based companies in benefitting from Dubai’s competitive advantages as a global export hub and promising investment destination, while also assisting Dubai-based companies in expanding into Geneva’s key trade and investment sectors.
In addition, the agreement establishes a joint framework for developing a platform for cross-cultural training and capacity building for doing business across different cultures and languages.
HE Mohammad Ali Rashed Lootah President & CEO – Dubai Chambers
“This agreement with the Geneva Chamber of Commerce, Industry, and Services reflects our commitment to fostering cross-border partnerships between the business community in Dubai and those around the world. It highlights the promising opportunities Dubai offers as a leading global destination for investment and trade, and as a hub for growth and expansion into regional and global markets, particularly within the digital economy.”
Vincent Subilia, Director General of the Geneva Chamber of Commerce, Industry, and Services, stated that, “This agreement consolidates our long-standing relationship with a leading institution within the powerful global network of Chambers of Commerce, a driving force behind innovation in Dubai, and offers our members privileged access to develop their activities. It also becomes a natural point of reference for Dubai companies wishing to explore the Geneva market.”
Dubai Chamber of Digital Economy plays a key role in positioning Dubai as a global capital of the digital economy. The chamber actively contributes to unlocking the full potential of digital sectors and transforming Dubai into a global leader in technology and innovation in line with the goals of the Dubai Economic Agenda (D33).
