Dubai Chamber cements bilateral ties with Kentucky Chamber

WAM Dubai, 22nd Nov. 2013 (WAM) – As part of their trade and cultural mission to Dubai, a strong Kentucky Chamber of Commerce delegation headed by the State’s Governor Steve Beshear visited Dubai Chamber of Commerce and Industry during their week-long business trip of the emirate which focused on strengthening bilateral ties between the business leaders of Kentucky and Dubai.

Hamad Buamim, President and CEO, Dubai Chamber, received the Kentucky delegation which also included Mrs. Jane Beshear, First Lady of Kentucky, Dave Adkisson, President and CEO, Kentucky Chamber of Commerce, and presidents and CEOs of major Kentucky-based companies.

He said, “It’s indeed a pleasure to welcome the Kentucky business leaders’ delegation, some of whose members have visited Dubai earlier ?n 2010 as part of the American Chamber of Commerce Executives (ACCE) delegation visit to the emirate. Now, this exclusive trip by the large Kentucky Chamber delegation shows their seriousness in further strengthening of trade ties with their counterparts in the emirate.” Buamim added that Dubai, with its key economic drivers of trade, tourism, logistics and financial services, is in an excellent position to offer access to over two billion consumers in the region as well as huge investment potential for American investors looking for entry into Africa and parts of Asia.

”This trade and cultural visit will also open up new doors of opportunities for the Kentucky delegation to understand the competitive business environment of the emirate and its potential to connect to the rest of the world in light of its advanced infrastructural facilities, unconditional government support and an investor-friendly set-up,” said Buamim.

The President and CEO of Dubai Chamber further stressed that the U.S. is Dubai’s 4th largest trading partner as the emirate’s non-oil trade with the country reached AED 76.6 billion at the end of 2012 as there was ample room for both the sides to explore and develop their bilateral ties.

He also highlighted Dubai Chamber’s latest initiative of attracting international companies to Dubai through its recently-launched International Business Network (IBN), which is an ideal platform for global companies to obtain information about the business environment in Dubai, the legal conditions and requirements for setting up business in the emirate and to avail the wide variety of benefits currently available to Dubai Chamber members including economic studies and research.

On his part, Governor Steve Beshear lauded Dubai’s economic growth and its standing in the global marketplace stating that the emirate’s efforts to develop its economy is remarkable. He also expressed his desire to consolidate bilateral relations between the two countries.

Dave Adkisson, President and CEO, Kentucky Chamber of Commerce, stated that Dubai offers a strategic gateway to the world’s emerging markets in Asia and the African Continent as American businesses have to use Dubai to connect to those regions adding that Kentucky’s business community was seeking to cement their trade ties with the emirate which holds huge investment potential, he said.

Adkisson informed that Kentucky’s exports to the UAE from 2009 to 2011 included $85 million of automobiles, $59 million of horses, $42 million of aircraft parts and $27 million of filters.

WAM/TF

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