DMCC concludes its first official visit to France

DUBAI, DMCC has successfully concluded its first official visit to France as part of its flagship Made For Trade Live and bilateral business discussions’ series, expanding relations with the wider business community in Paris and Lyon to support the 2020-2030 Emirati-French bilateral roadmap.

The packed MFTL event in Paris and business meetings in Lyon saw senior DMCC executives address representatives of French businesses from across a range of sectors, exploring how companies can expand their international footprint through DMCC and Dubai. The discussions highlighted the vast array of opportunities that can be unlocked with the strategic geographic location and commercial appeal of Dubai and the ease of doing business in DMCC, which is the fastest growing and most interconnected free zone in the world.

In addition to the significant growth in trade of approximately 28 percent between the two countries over the past year, France is one of the main foreign investors in the UAE. On the back of the state visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to France in July 2022, where a series of memoranda of understanding were signed, DMCC sees significant opportunities for further growth in bilateral trade and business relations.

Hend Al Otaiba, UAE Ambassador to France, said, “The UAE and France share a rich history of collaboration and success across a broad spectrum of areas, from arts and culture through to business and trade, an exemplary strategic partnership model to be celebrated. It is encouraging to know more about the unparalleled support that DMCC extends to businesses in setting up and expanding their operations through Dubai and doing business with the world – in turn strengthening the status of Dubai and the UAE as a leading global trade hub. With a record increase in the value of trade exchange between the two nations throughout 2021, there is indeed a strong appetite and potential to further grow bilateral commercial relations over the years to come.”

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “The relationship between the UAE and France is going from strength to strength. The UAE is already home to 30,000 French citizens, and our governments are in the process of agreeing a raft of new partnerships across trade, energy and investment. With almost 700 French companies registered in DMCC across multiple sectors including technology and finance, all this shows the timing is perfect for a trade roadshow of this kind. The consistent growth in business and trade between our two countries underscores the weight of our economic partnership as well as the major strategic importance of France as a market both for Dubai and DMCC.”

Tapping into its extensive network of key trade and business partners across the world, DMCC held the roadshow and business meetings in collaboration with CCI France UAE, Paris Chamber of Commerce and Lyon Chamber of Commerce.

Agnes Lopez-Cruz, Managing Director of CCI France UAE, said, “As well as being global commercial and cultural hubs, the UAE and France share a rich history of success through collaboration. Our partnership with DMCC builds on this history and we are delighted to be working together to help French businesses seize a range of growth opportunities through Dubai. We look forward to working together closely in the months and years ahead – opening new doors for businesses in both countries and providing a platform for them to thrive and succeed.”

Source: Emirates News Agency