UAE Trade Exhibition in Libya 2005
Abdulrahman Ghanem Al Mutaiwee, Director-General of Dubai Chamber of Commerce & Industry (DCCI) announced that the Chamber is set to launch the UAE Trade Exhibition in Libya 2005 during the period 27-30th November 2005. The announcement came in a press conference held recently at DCCI, attended by Mr. Walid Hareb, Senior Manager, Projects Department, Jebel Ali Free Zone Authority (JAFZA), Mr. Khaled Bin Nassar, Officer, Overseas, Dubai Tourism Commercial Marketing Department (DTCM), Mr. Leith Kubba, Director, Streamline Marketing.
The Exhibition is being organized collectively by DCCI, JAFZA, and DTCM, while Streamline Marketing Company will be the technical organizer. More 100 companies are expected to participate in the Exhibition- according to Mr. Mutaiwee.
“We consider the event as a perfect marketing and promotional option to cement our excellent relations and develop new venues for bilateral trade and economic cooperation with our sister country Jamahiriya Libya. Thanks to the fruitful visit of HH General Sheikh Mohammed Bin Rashid Al Maktoum The Crown Prince of Dubai and UAE Minister of Defense to the Jamahiriya Libya last year which paved the way for healthier and continued contribution of businessmen in both countries for larger economic cooperation, trade flow, investment in joint projects in the UAE and Libya”, said Mr. Mutaiwee.
He added that the Exhibition is also a practical and significant stride towards opening new markets for the UAE traders, manufacturers and services establishments in Libya the gateway for the North African countries which include Tunisia, Algeria, Morocco and Mauritania besides the West African countries including Mali, Togo, Niger, Nigeria, Senegal, Ivory Coast, Ghana and Chad. These countries are net importers of various types of goods to durables, raw material and machinery. Businessmen and entrepreneurs in the UAE can develop and maintain stronger relations with their Libyan counterparts to tap the limitless opportunities utilizing the easy access to these countries by sea, road and air. Libya is also strategically located near to the north Mediterranean Countries including Malta, Cyprus, Greece, Italy, France and Spain.
The volume of our bilateral trade with Libya saw a remarkable increase to reach Dhs 1.6 billion in 2003 registering of 230 percent increase over the year 2000. It is expected to touch new heights in the coming few years. “This has encouraged us to organize such exhibition to further enhance and diversify our trade and business relations”, Mr. Mutaiwee stated.