Zimbabwe Business Council to boost trade volume with Dubai

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Dubai Chamber of Commerce has supported the establishment of the Zimbabwean Business Council to promote the commercial interests of Zimbabwe and Zimbabwean business in Dubai.

The business council will further promote Zimbabwean owned UAE registered companies as well as their goods and services in the UAE, according to a press release on Tuesday.

The launch of the Zimbabwean Business Council aligns with the chamber’s plans to establish new country-specific business councils and expand their roles to boost Dubai’s foreign trade and promote cross-border business opportunities for member companies.

Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers, said: “We aim to create new channels of economic cooperation between business communities in the emirate and promising markets around the world. Covering markets of strategic importance to Dubai, business councils provide the right platforms for businesses in the UAE and abroad to connect, collaborate and build mutually beneficial partnerships.”

Rungano Innocent Nyaude, one of the founding members of the council, commented: “The UAE is Zimbabwe’s second largest export destination market and through coordination with stakeholders, it is our mission to play a part in strengthening the trade relations between the two countries and grow the business footprint of Zimbabweans in the UAE.”

Between 2019 to 2021, bilateral trade between the UAE and Zimbabwe witnessed strong growth. UAE imports from Zimbabwe reached $2.30 billion in 2021 compared to $1.50 billion in 2020 and $904 million in 2019, while UAE exports to Zimbabwe recorded $209 million in 2021.