The Dubai Chamber of Commerce and Industry (DCCI) will stage the Latin America Business Forum from 9 to 10 November at Atlantis, The Palm hotel.
The agenda will cover food security, public-private partnerships, the future of global aviation and opportunities in times of crisis. The Arab Brazilian Chamber of Commerce is helping to promote the event.
According to DCCI president and CEO, Hamad Buamim, the forum will build on the improved bilateral relations established between Dubai and Latin America in recent years.
He remarked that in 2014, H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President, Prime Minister and Ruler of Dubai, visited Mexico, Brazil, Argentina and Chile, highlighting the importance of cooperation in the fields of investment, defence and culture to strategic partnerships as well as the numerous economic opportunities present.
“Continuing his vision, Dubai Chamber is increasingly expanding bilateral ties with the dynamic emerging economies in Latin America. As part of this endeavor, the Chamber is organising the first Latin America Global Business Forum in November, which will bring together key decision makers from across the public and private sectors to discuss challenges and opportunities in the market while identifying areas for increased trade and business growth,” said Buamim.
Dubai’s total non-oil trade with Latin America in 2015 was almost AED 17.5 billion (US$4.8 billion), and prospects for growth exist across numerous lucrative economic sectors, Buamim stressed.
Brazil and Mexico are two of Dubai’s leading trading partners, ranking 35 and 43, respectively,” he added.
“The region’s blossoming economy and growing middle class drive higher demand; particularly promising sectors are energy and industry. Furthermore, there is much potential for economic cooperation between Latin American countries and their Middle Eastern counterparts, especially amongst the pillars of Islamic economy, encompassing Islamic finance, halal food, family-friendly tourism and retail/fashion, amongst other sectors,” he said.