Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched “Dubai Global”, an initiative to establish 50 integrated commercial representative offices for Dubai in five continents across the world during the next few years.
The initiative aims to strengthen Dubai’s position as one of the best business hubs in the world.
Dubai Global will also support companies based in the emirate by providing them with logistical support to expand their operations in more than 30 promising markets.
Sheikh Hamdan said: “Our goal is to globalize our national companies, attract global investments and add new markets to our global business lines.
“We will double our economy over the next few years, establish the best business environment in the world and be number one in quality of life,” he added.
The network of 50 offices will operate as part of Dubai Chambers and in partnership with several governments and semi-government entities in Dubai.
The initiative aims to attract investment, talent, and new business to Dubai, and help Dubai-based companies explore economic and commercial opportunities in 30 new global markets.
The commercial representative offices will provide specialized services such as market research which includes detailed information about each market and its working mechanisms.
The offices will also provide establishing and starting-up services including logistical support and detailed information on commercial globalization, aiming to “globalize” Dubai companies and promote their expansion in new markets.
The network of global offices will also create cross-border business opportunities by organizing business-to-business meetings, corporate and government meetings, along with global and regional events such as international business forums.