UAE News Today : Politics

Dubai Chambers inaugurates a new international representative office in Japan

Dubai International Chamber, one of the three chambers that operate under the umbrella of Dubai Chambershas reinforced its growing presence in Asia with the official launch of a new international representative office in Japan.

Located in Tokyo, the office further strengthens the emirate’s strong economic relationship with Japan and will facilitate the growth of business, trade and investment between the two markets.

The office was officially inaugurated yesterday afternoon during a special ceremony in Tokyo with the participation of Mr. Ishii Taku, Parliamentary Deputy Minister of Economy, Trade and Industry; HE Shihab Al Faheem, Ambassador of the United Arab Emirates to Japan; and Salem Al Shamsi, Vice President of Global Markets at Dubai Chambers, together with distinguished representatives of the Japanese business community.

The Tokyo office is the Chamber’s 27th representative office globally and was inaugurated as part of the ‘global dubai‘, which seeks to attract new business, investment and talent to the emirate while allowing Dubai-based companies to expand into priority international markets. Released by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, global dubai aims to establish a powerful network of 50 representative offices around the world by 2030.

Commenting on the importance of the launch, HE Mohammad Ali Rashed Lootah, Chairman and CEO of Dubai Chambers, saying:

“Establishing a presence in Japan represents a significant step in our global expansion strategy and will further strengthen our shared economic ties. This move not only builds on the progress we have made through our international representative offices across five continents, but also creates an essential platform to build cross-border partnerships with one of the world’s most sophisticated economies.”

The Tokyo office will serve to enhance and diversify the economic relationship between Dubai and Japan, exploring exciting opportunities in several priority sectors. He Dubai International Chamber The team will provide on-the-ground support to members of the Japanese business community interested in doing business in Dubai, as well as building strong relationships with key public and private sector stakeholders.

The new office will showcase Dubai’s competitive advantages and share investment intelligence to support Japanese companies seeking to enter Dubai and expand internationally across the emirate, connecting companies in both markets with trusted stakeholders and potential partners.

Japan was ranked Dubai’s seventh largest trading partner globally last year, with the value of non-oil bilateral trade between the two markets reaching a total of AED 38.8 billion (US$10.5 billion) in 2022. A total of 74 new Japanese companies registered as members of Dubai Chamber of Commerce during the first eight months of 2023. This represents an impressive year-on-year growth of 222% compared to the same period in 2022, underscoring Dubai’s growing connections with Japan’s business community.

Dubai’s strategic location and world-class logistics facilities have made the emirate a preferred business hub for Japanese companies with global ambitions. Offering easy access to more than 2.2 billion consumers, the emirate serves as a gateway for businesses in Japan and the broader East Asia region seeking to expand their international presence.

News source: Dubai Press Office

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