Dubai's Business Sector Enhances US Connections at Forum

Post by : Bianca Suleiman

Dubai’s business community is making significant strides in building trade and investment relations with the United States, highlighted during the Dubai Business Forum – USA held in New York. This event is part of a major overseas delegation from Dubai Chambers, serving as a vibrant venue for enterprises to discover potential partnerships and collaborative opportunities.

Business leaders underscored the critical role of the US marketplace in Dubai’s aspirations for growth. Shehab Gargash, CEO of Gargash Group, pointed out that the newly inaugurated Dubai Chambers office in New York enhances Dubai’s international economic ties and grants UAE firms direct access to premier US organizations.

“The forum creates a venue for direct interaction with key industry players, boosting commercial ties and setting the stage for future partnerships,” stated Gargash. He mentioned that his firm is increasingly centered on digital transformation and innovations in artificial intelligence as part of its expansion strategy.

Matar Almehairi, CEO of Meerana Information Technology, highlighted that collaborations fostered by Dubai Chambers open vast avenues for growth within the UAE’s tech and AI sectors. He noted that the US market, showcasing advanced digital frameworks and specialized knowledge, is prime for attracting talented professionals to elevate the country’s digital landscape. Almehairi added that Emirati expertise is now globally competitive and ready to spearhead the UAE’s AI projects.

For Al Rais Investment Group, the forum served as a platform to connect with investors and enterprises in logistics, shipping, and AI technologies, propelling non-oil trade growth between the UAE and the United States. Mohamed Jassim Al Rais discussed ongoing collaborations with international AI companies, indicating a commitment to technology-centric investments alongside tourism, crucial for Dubai’s economic landscape.

Talabat’s Senior Director, May Youssef, noted that the company’s headquarters in the UAE offers a launchpad for global talent, sophisticated logistical capabilities, and a regulatory climate that promotes swift tech adaptation. The growth of the firm’s grocery and retail delivery segment by 40 percent has led to opportunities for international suppliers to penetrate the UAE market via digital avenues. Youssef remarked that Talabat’s planned 2024 listing on the Dubai Financial Market, estimated at around $10 billion, reflects the company’s vigorous growth and dedication to establishing Dubai as a center for digital commerce.

The Dubai Business Forum – USA illustrates the UAE’s goal to assimilate global expertise, advanced technology, and innovative talent into its economic structure, consolidating the emirate's status as a prominent trade and digital business hub.