Post by : Bianca
Haleem
In a bid to broaden trade and investment opportunities with the United States, Dubai's private sector made significant strides at the Dubai Business Forum – USA hosted in New York. This event, part of the most extensive overseas business delegation facilitated by Dubai Chambers, provided an engaging platform for businesses to uncover new partnerships and mutually beneficial collaborations.
Executives noted the vital role the US market plays in Dubai’s expansion plans. Shehab Gargash, CEO of Gargash Group, highlighted the recent inauguration of the Dubai Chambers office in New York, which enhances Dubai’s international economic network and gives UAE businesses direct access to prominent US organizations.
“This forum allows for meaningful engagement with leading companies, boosting commercial ties and setting the stage for future collaborations,” Gargash explained, stressing his group's increased emphasis on digital innovation and AI advancements within their growth strategies.
Matar Almehairi, CEO of Meerana Information Technology, asserted that collaborations backed by Dubai Chambers present vast opportunities for the UAE’s tech and AI sectors. He pointed out that the US market, recognized for its sophisticated digital infrastructure, is crucial in attracting the talent needed to enhance the nation’s digital landscape. Almehairi mentioned that Emirati skills are now on par with global standards, ready to spearhead AI initiatives in the UAE.
For Al Rais Investment Group, the forum was a gateway to investors and companies involved in logistics, shipping, and AI technology, bolstering the non-oil trade between the UAE and the US. Mohamed Jassim Al Rais emphasized the importance of forming alliances with international AI firms, illustrating a commitment to technology and investment alongside the tourism sector, essential for Dubai’s economy.
May Youssef, Senior Director at Talabat, shared insights on how the company’s UAE base enables access to world-class talent and a supportive regulatory environment for fast-tracking tech adoption. The grocery and retail segment has seen a remarkable 40 percent growth, opening avenues for international suppliers to penetrate the UAE market via digital channels. Youssef remarked that Talabat’s anticipated listing on the Dubai Financial Market in 2024, valued at approximately $10 billion, showcases the firm’s vigorous growth and dedication to establishing Dubai as a digital trade center.
The Dubai Business Forum – USA exemplifies the UAE’s desire to fuse international expertise, state-of-the-art technology, and innovative talent into its economic structure, further solidifying the emirate’s status as a premier hub for global trade and digital business.
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