Rotterdam and Dubai sign MoU for future collaboration and promotion of business opportunities07/05/21
Today, Wilbert Lek, managing director of Rotterdam Partners and Mr Ahmed Bin Sulayem, Executive Chair of DMCC (Dubal Multi Commodities Centre) signed a Memorandum of Understanding in the presence of Mr Ahmed Aboutaleb, mayor of Rotterdam, and Mr James Bernard, Regional Representative Europe at DMCC. By signing the MoU Rotterdam Partners and DMCC commit to future collaboration in reinforcing and promoting business opportunities in Dubai and in Rotterdam.
The MoU signing signals the start of a series of activities, including an economic trade mission to Dubai later this year during World Expo 2020, and welcoming a Dubai delegation to Rotterdam in 2022. The official signing took place at the Schielandshuis, the office of Rotterdam Partners.
Rotterdam and the United Arab Emirates have a good diplomatic relationship, a long standing and strong economic bond and actively work together on economic development. In recent years Rotterdam has organised several trade missions for startup and scaleup companies from the Rotterdam region to explore business opportunities in the UAE.
DMCC is a Free Trade Zone in Dubai, established in 2002 by the government of Dubai with the aim of establishing a physical hub for trade in commodities (grain, gold, precious metals, cocoa), and more recently also in Tech and FinTech. DMCC supports international companies in setting up or expanding their business in Dubai, offering a physical location with attractive business conditions and a financial infrastructure. DMCC is home to more than 19,000 companies, ranging from multinationals to startups. It’s also home to over 100,000 people who live and work there. DMCC has been named best Global Free Zone of the Year by Financial Times fDi magazine for six years running.