Dubai: Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has opened its seventh office in Nigeria.
The office, strategically located in Lagos, will further strengthen trade between the Emirate and Nigeria. The new office was inaugurated in the presence of Mr. Babajide Olusola Sanwo-Olu, Governor of Lagos State, during the ‘Doing Business with Nigeria’ forum. The event was organized as part of the chamber’s ‘New Horizons’ trade mission to West Africa, which attracted the participation of 15 Dubai-based companies representing 10 diverse economic sectors.
Mr. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated that, “Establishing a presence in Lagos represents another significant milestone for Dubai International Chamber. The Nigerian market is one of the largest in Africa and enables Dubai-based traders to access a wide range of markets across Central and Western Africa.”
Mr. Lootah pointed out that, “The opening of the new office reflects our commitment to achieving the objectives of the Dubai Global initiative launched by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, to establish 50 commercial representative offices for Dubai around the world by 2030.”
The new office will assist Nigerian companies to enter the Dubai market and also guide Dubai-based businesses that plan to invest in Africa’s largest economy.
“We remain dedicated to implementing our strategic priorities and supporting the success of the private sector to bring the ambitions of the Dubai Economic Agenda (D33) to life. Our Lagos office will establish new channels of communication and economic cooperation between Dubai and Nigeria, and we look forward to working together to boost bilateral trade and investment,” Mr. Lootah added.