New drive to boost Saudi-Dubai trade
Saleh Bin Hasan Al-Afaliq, chairman of Al-Ahsa Chamber, led the delegation and was welcomed by Abdul Rahman Saif Al-Ghurair, chairman, Majid Hamad Rahma Al-Shamsi, first vice chairman, and Hamad Buamim, director general, Dubai Chamber. During the meeting, officials discussed some of the administrative obstacles to trade between Dubai and Saudi Arabia. Al-Ghurair said the visit would help further enhance cooperation between Dubai and Saudi Arabia. â€œDubai and Saudi Arabia are already strong partners. Saudi Arabia is Dubaiâ€™s sixth biggest trade partner and last year non-oil trade reached AED32 billion, of which Dubaiâ€™s exports and re-exports valued AED26.8 billion and imports totaled AED5.4 billion,â€ he said. â€œSaudi Arabia is also a major growth market for Dubai Chamber members,â€ he said. â€œOur data shows that during the first half of this year our membersâ€™ exports and re-exports increased by 21.7 percent, compared to the same period in 2010, which shows that there is significant potential for future business growth,â€ he added. During the visit, Al-Ghurair also highlighted Dubai Chamberâ€™s commitment to support Saudi Arabian businesses in Dubai, particularly in key economic sectors of trade, tourism, logistics and financial services. The Al-Ahsa delegation said they supported efforts to increase collaboration between the chambers of commerce in the region and improve the climate for businesses. Al-Afaliq said: â€œThis visit is part of efforts to enhance the integration of economies in the region of which the private sector is a pillar. It is also part of Al-Ahsa Chamberâ€™s aims to strengthen the experience of business in the region and to adapt to new developments in neighboring countries. â€œIn addition, we are seeking to establish partnerships with representatives of the private sector in Dubai, which will help strengthen commercial ties,â€ he added. Abdullah Al-Nashwan, secretary general of Al-Ahsa Chamber, said: â€œDubai Chamberâ€™s experience is a pioneering one in the region and Al-Ahsa Chamber aims to get an insight into this experience in order to benefit and improve its services to members.â€ The visit comes as part of Al-Ahsaâ€™s plans to launch an excellence award and a shopping festival. As part of the visit, Dubai Chamber also organized site visits for the delegation to the Mohammed Bin Rashid Establishment for SME Development and Jebel Ali Free Zone.