The Dubai Export Development Corporation (EDC) met with a delegation from South Africa to explore bilateral trade opportunities between the emirate of Dubai and the Province of Gauteng.
The South African delegation was led by Her Excellency Agnes Nyamande-Pitso, the South African Consul General and Mr Blake Mosley-Lefatola, CEO of the Gauteng Economic Development Agency (GEDA) and included several other high ranking Gauteng officials.
The focus of the meeting, hosted by Engineer Saed Al Awadi, Chief Executive Officer of EDC at the Grand Hyatt Dubai, was the development and promotion of bilateral trade opportunities between the two regions. Discussions centred on the organization of joint promotional trade activities and the sharing of information that can be positively used to grow the economies of the two regions.
“EDC is working to expand trade opportunities with many markets, including that of South Africa, which presents significant export opportunities for Dubai based businesses.” said Engineer Saed Al Awadi, Chief Executive Officer, Dubai Export Development Corporation.
“The Province of Gauteng is considered to be South Africa’s commercial hub, generating over a third of South Africa’s GDP, and hosting the headquarters of most of the country’s major state, academic, research, mining, financial and commercial institutions. Similarly to the EDC, GEDA is committed to working to further strengthen trade ties between the two strong sister economic regions.” said Mr Blake Mosley-Lefatola, CEO of the Gauteng Economic Development Agency.
Exports from the UAE to South Africa reached AED 2.3 billion in 2007 whilst exports from South Africa to the UAE reached almost AED 2.7 billion in the same period.
The discussions with South Africa are part of a broader campaign by EDC to develop and enhance trade relationships with countries across the world. In conducting these discussions, EDC is working to uncover investment opportunities that will benefit both economies involved in the trade process.
About Dubai Export Development Corporation:
Having commenced operation in 2007, the Dubai Export Development Corporation (EDC) is an autonomous organisation under the directive of the Government of Dubai. Its vision is to be a world-class model in assisting and facilitating exporters, by creating an enabling environment for exports, with the aim of enhancing the competitiveness of Dubai as a preferred trading partner.
The EDC has moulded its mission to identify and effectively deliver value-added trade support services to Dubai export enterprises for accelerated and profitable expansion of their business in foreign markets.
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