| 12 Nov 2009 |
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Dubai, Saudi Arabia consolidate trade ties
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Dubai Chamber receives Kingdom's Consul General and assures continued support to the emirate's top export partner as Dubai's exports to the country reaches AED 3.2 billion mark in October
Dubai, UAE: HE Eng Hamad Buamim, Director General, Dubai Chamber of Commerce & IndustryDubai Chamber of Commerce & Industry
, welcomed HE Emad Adnan Madani, Consul General of Saudi Arabia to the Chamber headquarters recently to discuss bilateral ties with the representative of Dubai's largest export destination in the region.Buamim assured the Saudi Consul General of the Chamber's continued support and asserted that despite the global financial crisis, the trade ties between Dubai and the Kingdom have remained strong and intact. "Dubai enjoys a long-time trade relationship with Saudi Arabia as the Kingdom is the topmost export destination for Dubai in the region. Our members' exports to the Kingdom during the first quarter of this year amounted to AED 9.8 billion; AED 9.9 billion in the second quarter and AED 10 billion in the third quarter, compared to AED 6.8 billion during the first quarter of 2007; AED 7.5 billion in the second quarter and AED 8.3 billion in the third quarter of last year, reflecting increased growth in trade between the two countries," he said.
Buamim confirmed that Saudi Arabia has always remained a top export destination for Dubai exporters with major export items like electrical machinery and equipment, nuclear reactors, mineral fuels, mineral oils, bituminous substances and mineral water being exported to the Kingdom on a regular basis.
On his part, Madani thanked Dubai Chamber for its hospitality and identified the reason behind the courtesy visit which he said was to boost the relationship between the Saudi Consulate and Dubai Chamber and to take the two Arab countries' trade ties to the next level.
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Established in 1965, the Dubai Chamber of Commerce & IndustryDubai Chamber of Commerce & Industry
is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favorable business environment, supporting the development of business, and by promoting Dubai as an international business hub© Press Release 2009
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