Latest news with #DubaiEconomicAgenda
Hi Dubai
5 days ago
- Business
- Hi Dubai
Himatrix Group Opens AED33 Million Research and Training Centre in Dubai Industrial City
Himatrix Group has officially opened phase one of its AED33 million application laboratory, research, and training centre at Dubai Industrial City, marking a major milestone in the company's regional and global expansion plans. Spanning 45,000 square feet, the new facility is strategically positioned to tap into Dubai Industrial City's proximity to key logistics hubs, including Jebel Ali Port, Al Maktoum International Airport, and the upcoming Etihad Rail freight terminal. The centre will serve as a base for Himatrix Group's 100-strong workforce and support its recruitment of additional specialists to drive innovation across its operations. Himatrix Group, which includes subsidiaries such as Himatrix Measurements Equipment's and Icpro Technologies, aims to use the new hub to strengthen partnerships with global leaders in instrumentation engineering. These include Radwag, Sciex, Ametek, Kruss, and Wipotec. Nadeer Ali, Founder and Managing Director of Himatrix Group, said the facility will enhance service quality across multiple industries, particularly pharmaceuticals, by offering advanced solutions in metrology, analytical science, and physical testing. Dubai Industrial City officials welcomed the investment, highlighting its alignment with national strategies like Operation 300bn and the Dubai Economic Agenda 'D33'. Saud Abu Alshawareb, speaking on behalf of the district, said the facility showcases confidence in Dubai's industrial ecosystem and reinforces efforts to expand the UAE's manufacturing capabilities. Established in 2004, Dubai Industrial City is home to more than 800 companies and over 300 operational factories. It is one of 10 business districts under TECOM Group PJSC, supporting key sectors across the UAE's economic landscape. News Source: Emirates News Agency
Hi Dubai
22-05-2025
- Business
- Hi Dubai
Dubai Strengthens Economic Ties with Germany at Hamburg Forum
Dubai reinforced its economic partnership with Germany as the Dubai Business Forum – Germany concluded in Hamburg, drawing over 240 German business leaders and investors. The high-profile event showcased Dubai's ambitious economic roadmap and highlighted new avenues for bilateral collaboration across innovation, industry, and investment. Organised by Dubai Chambers in collaboration with the Hamburg Chamber of Commerce and other strategic partners, the forum aimed to attract German companies to Dubai by spotlighting opportunities created by the Dubai Economic Agenda (D33). The event featured 25 speakers across 13 panel sessions covering sectors such as advanced industry, clean energy, AI, and digital transformation. In his keynote address, H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, noted that bilateral trade reached AED 39.7 billion in 2024—an 8% increase year-on-year. He also highlighted a 64% growth in new German companies joining the Dubai Chamber of Commerce, with 2,719 active members by Q1 2025. Bilateral meetings facilitated deeper engagement between Dubai's public and private sector leaders and German investors, promoting innovative partnership models and knowledge exchange. Sessions explored Dubai's regulatory and tax advantages, growing startup ecosystem, and appeal as a launchpad for multinational corporations and high-net-worth individuals. Topics ranged from industrial innovation and clean energy to venture capital, AI, and Web3, underscoring Dubai's evolving role as a global innovation hub. Dubai Chambers President and CEO H.E. Mohammad Ali Rashed Lootah emphasised Dubai's strong value proposition and the role of public-private collaboration in advancing mutual interests. As both economies pursue sustainable growth, the forum affirmed Dubai's position as a strategic partner for German businesses looking to expand globally through innovation and investment. News Source: Dubai Media Office
Tourism Breaking News
21-05-2025
- Business
- Tourism Breaking News
Dubai participates at IMEX 2025 highlights the city's position as a premier destination for international business events
Post Views: 77 Dubai Business Events (DBE), the city's official convention bureau and part of the Dubai Department of Economy and Tourism successfully participated at IMEX Frankfurt joined by key stakeholders. At IMEX, a delegation of 30 stakeholders from across the sector has joined DBE in showcasing Dubai's credentials as a premier global hub for business events. The delegation includes leading hotels, venues, DMCs, airlines and other service providers including Emirates, Expo City Dubai, and Dubai World Trade Centre, together highlighting Dubai's ability to deliver dynamic world-class events at the intersection of innovation, knowledge-sharing and sustainable growth. This comes as Dubai continues to earn global recognition, this week being confirmed as #1 globally for highest attendee number per association meeting in 2024, and once again ranking #1 in the Middle East for the total number of association meetings hosted during the period, according to the International Congress and Convention Association (ICCA). Cvent has this week also confirmed that Dubai maintained its #1 position among the Top 25 Meeting Destinations in the Middle East and Africa. The accolades further demonstrate the city's ability to both host prolific events and facilitate event growth for associations, allowing them to tap into the market and increase global access to members. Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment (DFRE), said: 'As we engage with the global industry at IMEX Frankfurt, we are reinforcing Dubai's position as a strategic destination for impactful business events. Our consistent top rankings from ICCA and Cvent, and growing pipeline of major international events, are the result of a focused and collaborative approach with our stakeholders, as we work collectively to reinforce the emirate's position as a premier global hub for the MICE industry. Business events are integral to our tourism strategy and are increasingly driving progress across key sectors. They are playing a vital role in advancing the goals of the Dubai Economic Agenda, D33 – to position Dubai as one of the world's most innovative, inclusive and future-ready cities, as guided and championed by the visionary leadership of the UAE.' Dubai's participation aligns with this year's IMEX theme – Impact 2.0: Activating the Future – emphasising the global events community's responsibility to address major global and community challenges while driving positive change through events, partnerships and initiatives. In line with this vision, Dubai continues to attract business events that not only grow visitation but also support innovation and deeper engagement across its economic sectors. This directly contributes to the D33 economic agenda, which aims to place Dubai among the top three global cities for business and leisure. Dubai's momentum was further underscored by a record 437 successful bids secured in 2024 to host international conferences, congresses and incentive programmes, a 20% year-on-year increase. These events are set to attract over 210,000 delegates to Dubai in the coming years, significantly contributing to the city's business and tourism ecosystem. Among the high-profile events won: Amway ESAN 2025, the 27th General Conference of the International Council of Museums 2025, the Global Symposium on Health Systems Research 2026, the World Congress on Medical Informatics 2027, ISAPS Olympiad World Congress 2027, Forever Living Products Global Rally 2026, the Scientific Assembly and Associated Events of the Committee on Space Research 2028 and The International Conference on Computer Vision 2029. Dubai continues to see strong growth in tourism aligned with its MICE strategy. In 2024, the city welcomed a record 18.72 million international overnight visitors, a 9% year-on-year increase. That momentum has continued into 2025, with 5.31 million international visitors arriving between January and March, marking a 3% increase compared to Q1 2024. Business events have been a key contributor to this sustained growth, generating economic impact across sectors and further strengthening Dubai's global brand. Further enhancing the city's capacity to meet rising demand in the events space, a key development includes an expansion plan for the Dubai Exhibition Centre at Expo City Dubai. As part of broader urban development initiatives including the Al Maktoum International Airport expansion, the project is a strategic investment aimed at reinforcing Dubai's position as a global platform for major conferences and exhibitions, enabling the city to host larger and more complex events that deliver long-term value that meets increasing demand and attendance. IMEX remains a cornerstone of DBE's global engagement strategy, providing an essential platform to connect with international associations and networks. Dubai continues to use such platforms to strengthen global partnerships and attract events that support its economic, social and sustainability priorities.
Zawya
21-05-2025
- Business
- Zawya
Dubai Business Forum Germany introduces German companies to investment opportunities aligned with the Dubai Economic Agenda
H.E. Eng. Sultan bin Saeed Al Mansoori: 'We are committed to empowering the German business community to capitalise on the diverse opportunities created by the Dubai Economic Agenda (D33), particularly in areas such as advanced industry, digital transformation, clean energy, and trade.' 'Germany ranks 15th among Dubai's largest global trading partners.' 'The value of non-oil trade between Dubai and Germany reached AED 39.7 billion in 2024, achieving year-over-year growth of 8%.' 'The number of new German companies that joined the Dubai Chamber of Commerce grew by 64% in 2024.' 25 speakers took part in 13 panel discussions highlighting Dubai's competitive advantages for German investors. Dubai, UAE – The Dubai Business Forum – Germany concluded today in Hamburg with the participation of 240 prominent German business leaders and investors, together with representatives from government entities and private sector companies from Dubai. The event served as a vital platform for German businesses to explore emerging opportunities created by the Dubai Economic Agenda (D33) in Dubai's future-facing economy. Held under the theme 'Innovate, Invest, Integrate: Forging a New Path for Dubai-German Economic Synergy,' the forum was organised by Dubai Chambers in collaboration with the Hamburg Chamber of Commerce as Strategic Partner, together with the Hamburg Representative Office Dubai and the German Emirati Joint Council for Industry & Commerce (AHK) as Supporting Partners. The event aims to attract German companies to Dubai and support German investors in capitalising on regional and global growth opportunities. The event featured 25 speakers across 13 in-depth panel discussions exploring ways to enhance ties between the business communities in Dubai and Germany. The sessions highlighted the vast potential of Dubai's economy, as well as the emirate's numerous competitive advantages and supportive and innovation-driven business ecosystem. Attendees learned more about how Dubai's strategic strengths are creating new investment opportunities for German and international businesses, reinforcing the emirate's position as a key commercial hub for accessing regional and global markets. A Shared Commitment to Innovation and Sustainable Growth During his opening remarks, His Excellency Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, stated: 'The strong relationship between Dubai and Germany is built on a shared commitment to innovation and sustainable growth. Trade and logistics continue to form the backbone of our economic ties. Germany currently ranks 15th among Dubai's top global trading partners, with non-oil bilateral trade reaching AED 39.7 billion in 2024 – an increase of 8% year-on-year.' His Excellency continued: 'The number of new German companies joining Dubai Chamber of Commerce grew by 64% in 2024, reflecting growing confidence among German businesses and investors in Dubai's position as a global hub for commerce. By the end of Q1 2025, the total number of active member companies from Germany had reached 2,719.' His Excellency added: 'The Dubai Business Forum – Germany serves as a strategic platform to advance trade and investment relations, paving the way for high-impact opportunities across future-facing sectors of the economy. We are committed to empowering the German business community to capitalise on the diverse opportunities created by the Dubai Economic Agenda (D33), particularly in areas such as advanced industry, digital transformation, clean energy, and trade.' Expanding Investment Collaboration Dubai Chambers organised a series of bilateral meetings between the Dubai delegation, which included representatives from government bodies, institutions, and private sector companies, and German business leaders and investors attending the forum. The meetings explored avenues for collaboration, fostered knowledge exchange, and enabled the development of innovative partnership models to support sustainable economic growth and global market expansion. Unlocking Bilateral Investment Opportunities One of the panel sessions during the forum focused on the future of bilateral investment opportunities between Dubai and Germany. Discussions explored how Dubai's progressive regulatory framework, tax advantages, and investment-driven incentives are fostering cross-border transactions and business growth between the UAE and Europe. Speakers highlighted accelerating momentum in mergers and acquisitions and private investment activity, with strategic partnerships driving expansion across high-growth sectors. The session also examined Dubai's appeal for multinational corporations and high-net-worth individuals, as well as the trends shaping the future of UAE-German business collaboration. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, participated in a session that explored Dubai's value proposition and the numerous competitive advantages the emirate offers for German companies across diverse sectors. His Excellency emphasised the roles of the chamber's initiatives and public-private collaboration in driving mutual interests. A Hub for Startups and Innovation Another session examined Dubai's growing appeal among venture capital firms and high-growth startups from Europe. The discussion focused on Dubai's evolution into a global startup powerhouse, driven by government-backed incentives, funding programmes, and its innovative regulatory sandbox approach. The emirate is continuing to attract entrepreneurs and innovators from around the world, accelerating innovation across sectors including fintech, healthtech, artificial intelligence (AI), and sustainability. A Gateway for German Industrial Growth A dedicated session explored Dubai's role as a strategic gateway to global growth for German industries. Speakers highlighted the strong synergies between Germany's globally recognised expertise in engineering, precision manufacturing, and industrial innovation, and the new wave of investment opportunities emerging from Dubai's D33 Agenda, which is focused on advancing growth, innovation, and sustainability. The emirate's advanced infrastructure, world-class logistics capabilities, and seamless connectivity to global supply chains, combined with its strong potential in green hydrogen, solar energy, and sustainability-focused projects, position Dubai as a significant partner for industrial collaboration. Pioneering the Future of Tech & Investment A dedicated session examined the future of technology and joint investments between Dubai and Germany. Discussions focused on Dubai's emergence as a global hub for AI, Web3, and digital assets, and how government-backed R&D funding is creating opportunities for German deep-tech startups in fields such as biotech, life sciences, and AI. Speakers also highlighted Dubai's appeal to companies in fintech, healthtech, and smart mobility, underpinned by a strong innovation ecosystem and a robust framework for intellectual property protection. Driving Digital Transformation Another session brought together leading economists and corporate executives to explore the key sectors driving foreign direct investment into Dubai, including real estate, tourism, e-commerce, and financial markets. Speakers highlighted how Dubai's financial market reforms and capital market incentives are enhancing access to capital and creating high-growth opportunities. The discussion also addressed the impact of digital trade and the experience economy on global commerce, and how businesses can leverage Dubai's strategic position to scale internationally. About Dubai Chambers Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.
Hi Dubai
20-05-2025
- Business
- Hi Dubai
Dubai Industrial City Attracts AED1.7 Billion in Investments Across Key Sectors
Dubai Industrial City has secured over AED1.7 billion in investments across major economic sectors in the past year, reinforcing its role as a leading hub for manufacturing and foreign direct investment in the region. The announcement, made during the 'Make it in the Emirates' forum, highlights significant growth in sectors such as food and beverage, heavy equipment, energy solutions, automotive, and light industries. The industrial hub, part of TECOM Group PJSC, continues to support the UAE's national industrial strategy and economic diversification goals. Saud Abu Alshawareb, Executive Vice President – Industrial at TECOM Group, said the investments reflect the district's global appeal to manufacturers and its contribution to Dubai's growing status as an international FDI destination. 'We remain committed to advancing the goals of Operation 300bn, Make it in the Emirates, and the Dubai Economic Agenda 'D33',' he added. Over the past year, Dubai Industrial City has seen expansion across its six industrial zones, which cater to base metals, machinery, minerals, F&B, transport, and chemicals. The area's specialised infrastructure—ranging from industrial land to logistics facilities—continues to attract new players. Recent entrants include Elite Group Holding, which is investing AED100 million in a 1 million facility targeting the automotive and e-commerce sectors. Pure Ice Cream, known for producing Baskin-Robbins and Kwality brands, is developing an AED80 million facility, while OZON Pharmaceuticals plans to establish a AED293 million production hub. With more than 1,100 manufacturers and over 350 operational factories, Dubai Industrial City plays a key role in regional and global supply chains. Strategically located near Jebel Ali Port, Al Maktoum International Airport, Etihad Rail, and major highways, it offers manufacturers seamless access to international markets. News Source: Emirates News Agency
