DUBAI, twenty seventh December, 2022 (WAM) — Dubai Chamber of Commerce has introduced the institution of the Zimbabwean Enterprise Council with a principal goal of selling business pursuits of Zimbabwe and Zimbabwean companies in Dubai. The enterprise council additionally goals to advertise Zimbabwe-owned UAE-registered firms in addition to their items and companies within the UAE.

The launch of the Zimbabwean Enterprise Council is in keeping with the chamber’s plans to determine new country-specific enterprise councils and broaden their roles to spice up Dubai’s overseas commerce and promote cross-border enterprise alternatives for member firms.

“We purpose to create new channels of financial cooperation between enterprise communities within the emirate and promising markets all over the world. Masking markets of strategic significance to Dubai, enterprise councils present the suitable platforms for companies within the UAE and overseas to attach, collaborate and construct mutually helpful partnerships. These councils will assist us as we additional broaden our presence throughout Africa, Latin America and the Center East and appeal to extra firms and funding from these areas,” stated Maha Al Gargawi, Govt Director of Enterprise Advocacy at Dubai Chambers.

Commenting on the institution of the brand new enterprise council, Rungano Harmless Nyaude, one of many founding members of the council, stated, “The Zimbabwean Enterprise Council within the UAE seems to play a pivotal position in rising the Dubai-Zimbabwe enterprise relations by bringing collectively Zimbabwean companies working in Dubai, constructing an ecosystem of coordination and networking which is able to in flip construct additional commerce corridors between the UAE and Zimbabwe. The UAE is Zimbabwe’s second-largest export vacation spot market and thru coordination with stakeholders, it’s our mission to play an element in strengthening the commerce relations between the 2 nations and develop the enterprise footprint of Zimbabweans within the UAE.”

Bilateral commerce between the UAE and Zimbabwe witnessed robust progress between 2019 and 2021. UAE imports from Zimbabwe reached US$2.3 billion in 2021 in comparison with US$1.5 billion in 2020 and US$904 million in 2019, whereas UAE exports to Zimbabwe accounted at US$209 million in 2021. Essential merchandise of commerce between the 2 nations are treasured stones and metals.

The brand new enterprise council will additional strengthen burgeoning commerce relations between Zimbabwean firms and the enterprise neighborhood with different firms within the UAE, contributing to a rise in commerce quantity between the 2 nations.

The institution of the Zimbabwean Enterprise Council is a collaborative effort in enhancing the benefit of doing enterprise in Dubai along with making a supportive, enabling and world-class enterprise setting within the emirate.