PHOTO
Dubai, UAE: In recognition of the importance that Dubai holds in the global trade and investment arena, the International Chambers of Commerce (ICC) held a gala ceremony to commemorate 100 years of its existence.
During the event, Dubai Chamber officially announced that preparations for the 12th World Chambers Congress 2021 are underway.
The ceremony, which was held at the Bulgari Hotel, was attended by H.E Hamad Buamim, President & CEO, Dubai Chamber and Chairman of the World Chambers Federation, H.E Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary for Economic Affairs, Ministry of Economy, UAE, Mr. John W.H. Denton AO, Secretary General, ICC and Mr. Chris Mead, President, Magicians of Main Street.
ICC, founded in 1919, the institutional representative of 45 million companies, is the world’s largest business organisation and has played a crucial role as a catalyst of trade.. ICC believes that strengthening commercial ties among nations is not only good for business, but also for improving global living standards, reducing inequalities and maintaining peace, a belief that Dubai shares.
H.E Al Shehhi, in his special address, spoke about how the UAE identifies with these beliefs of ICC and has drawn inspiration from the organisation in promoting sustainable and inclusive growth.
Talking about the UAE economy, he mentioned that the Government remains committed to innovation and building a knowledge-based competitive economy. Part of this strategy focuses on expanding our country’s ties with economies, which offer new trade and investment opportunities and breaking down trade barriers.
During his welcome speech, H.E Buamim mentioned that ICC’s decision to choose Dubai as a preferred location for celebrating its Centennial reflects the emirate’s reputation as a global business hub and a supporter of ICC’s values aimed at providing a stimulating and conducive environment for businesses to thrive.
H.E Buamim shed light on the 12th World Chambers Congress, which will be held from 23-25 February 2021. The Congress will take a closer look at how these chambers can adopt Fourth Industrial Revolution (4IR) technologies and adjust their value proposition for the tech-savvy members.
“The Congress, under the theme, ‘Chamber 4.0 – Generation Next’, will give the chambers a chance to rethink their priorities and to find new solutions to removing trade barriers,” Buamim said.
He also highlighted that the WCC will coincide with Expo 2020, offering the opportunity to explore innovative and sustainable solutions for businesses.
During his panel discussion, John Denton said: “ICC’s centenary year has shone a spotlight on our fundamental commitment to helping businesses everywhere co-create a more inclusive and sustainable future. Through our global network, we will continue to drive the opportunities that will enable business, communities and the next generations.”
ICC’s Centennial Declaration sets out a new programme of commitments to meet the challenges that will shape the next 100 years, with the aim to modernize the global trading system, provide effective alternate dispute resolution mechanisms and to bolster trust in digital technologies.
© Press Release 2020Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
