Skip to content Skip to Search
Skip navigation

UAE companies ‘can do more’ with Brics

By Shruthi Nair
  • Brics benefits for UAE business
  • Focus on emerging markets
  • Dubai offers ‘unique ecosystem’

UAE businesses need to do more to take advantage of the UAE joining Brics and signing free trade agreements with various countries, according to the chairman of Dubai Chambers.

“Other countries are aware, but our business community needs to take advantage of what they can do with India, Indonesia, Turkey and other countries,” Abdul Aziz Al Ghurair, chairman of Dubai Chambers, told AGBI. 

Dubai International Chamber launched 16 new international representative offices in 2023 to expand its global network to 31 across five continents.

With over 67,000 new companies joining the Dubai Chambers last year, the total number of active members reached almost 218,000.

The value of members’ exports and re-exports increased to more than AED 284 billion, growing 4.3 percent year on year.

AGBI
Abdul Aziz Al Ghurair says that there needs to be more communication about the advantages of the UAE joining Brics

Since 2021, the UAE’s comprehensive economic partnerships agreements with India, Indonesia, Turkey, Israel, Kenya, Costa Rica and Cambodia have come into force. 

It has also started negotiations with a number of other countries, including Serbia, Ukraine, Australia, the Philippines, Malaysia, Chile and Vietnam.

How will Saudi’s regional headquarters programme impact Dubai Chambers’ drive to attract more MNCs into the emirate? Watch the full video to find out.

Latest articles

An extension of Diriyah's Bujairi Terrace, a popular nightspot, will open in November

Diriyah giga-project to open first hotel in November

Diriyah, one of Saudi Arabia’s leading giga-projects, will finally open its first hotel in November along with other attractions and sites, its CEO said this week.  “This November we’ll open another few kilometres of parks, we’ll open our first Bab Samhan hotel, we’ll open our first museum which is the Diriyah Art Futures Museum, we’ll […]

King Abdulaziz International Airport: the number of international flights increased but there were less than 27.4 million international visitors to the kingdom last year

Passenger numbers rise 26% in Saudi Arabia

Saudi Arabia said this week that its total number of air passengers rose 26 percent to 112 million in 2023. This includes a 46 percent rise in the total number of international travellers to 61 million.  The number means the kingdom’s airports are approaching full capacity, which is 116 million passengers a year, including 45 […]

Oil workers in Venezuela, a founder member of Opec. The IEA predicts slower demand growth

IEA and Opec move further apart on global oil demand

The division between the International Energy Agency and oil producers’ group Opec has deepened as the Paris-based energy watchdog once again curtailed its oil demand outlook for 2024, amid softer macro sentiment. In its monthly report, the IEA forecast on Wednesday that world fuel demand will grow by 1.1 million barrels per day (bpd) this […]

Tourists visit the tombs of the Nabatean civilisation in AlUla. Saudi Arabia's goal is for tourism to make up 10 percent of GDP by 2030

Affluent tourists around the globe on Saudi Arabia’s radar

Saudi Arabia will invest more than $800 billion in its main giga-projects by the next decade as part of a tourism expansion strategy focused on affluent tourists in China, India and Europe.  The kingdom’s tourism minister Ahmed Al-Khateeb, speaking at the Qatar Investment Forum, said: “We’re building and investing in major destinations like Neom, Red […]