Dubai Chambers has signed a Memorandum of Understanding (MoU) with the Victorian Chamber of Commerce and Industry in Australia to strengthen bilateral trade and investment cooperation. The agreement focuses on attracting Australian companies to Dubai while supporting Dubai Chamber of Commerce members seeking to expand into Victoria.
The partnership will also advance collaboration in specialised trade exhibitions, investment missions, and the exchange of commercial and economic data.
The signing took place during the 14th World Chambers Congress, hosted by the World Chambers Federation (WCF) in Melbourne from September 2–4, which gathered leaders from over 1,200 chambers of commerce representing 100 countries.
On the sidelines of the event, Dubai Chambers held more than 25 bilateral meetings with government bodies, private companies, and chambers of commerce to highlight Dubai’s economic opportunities and explore new global partnerships.
Speaking during a panel session titled “Geo-Economics: Navigating the Ripple Effects of Geopolitical Disruption”, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “Capital always flows towards business hubs distinguished by a stable and diversified economy, a secure and adaptable investment climate, and a modern, open business environment.”
The MoU reflects Dubai’s strategy of deepening international trade links, positioning the emirate as a global hub for business expansion and investment flows.
–Input WAM
