DMCC – the world’s flagship free zone and Authorities of Dubai Authority on commodities commerce and enterprise – has concluded its Made For Commerce Dwell (MFTL) roadshow in Colombia. As a part of a wider roadshow in North and South America, DMCC visited the Colombian capital of Bogotá and the coffee-growing area of Risaralda, highlighting the alternatives on supply to Colombian companies to broaden their companies internationally and set up deeper commerce pathways between the Center East and South America.
As a commerce and manufacturing hub for numerous commodities, specifically emeralds, gold, espresso and cacao, Colombia represents a key strategic marketplace for DMCC because it seems to be construct on the completion of the primary part of the UAE-Colombia CEPA, which marked an emphatic step within the manufacturing of tangible financial outcomes. Bilateral commerce between the 2 nations stands at USD 272 million, with commerce and funding anticipated to triple as soon as the CEPA comes into drive.
Ahmed Bin Sulayem, Govt Chairman and Chief Govt Officer, DMCC, mentioned: “Colombia is such a vibrant market with big export potential from emeralds to gold and expertise. Additionally it is a world powerhouse in agri-food being the third largest espresso producer on the earth after Brazil and Vietnam, one of many prime 10 producers of cacao, and in addition one of the crucial water-rich international locations on earth. The UAE and Colombia already get pleasure from a sturdy commerce dynamic, and as we develop this relationship to the subsequent stage, I’m delighted to be again in Colombia to construct our enterprise connections additional and present how Dubai may be the gateway to the worldwide market for Colombia’s wealthy variety of sectors and commodities.”
The Made For Commerce Dwell occasions have been hosted in partnership with the UAE Embassy in Bogotá, the Bogotá Chamber of Commerce, Procolombia, Hecho en Risaralda, FIDATEC, and Gobernacion de Risaralda. They noticed over 150 enterprise leaders from the 2 cities briefed on the business attraction of Dubai and the benefit of doing enterprise inside DMCC’s enterprise district.
DMCC’s roadshow throughout Colombia got here as a part of a broader collection of occasions throughout the Americas. DMCC can also be visiting the important thing United States cities of Miami and New York, with the latter occasion on 30 October marking the top of the roadshow.
DMCC’s Made for Commerce Dwell collection performs a key function in selling Dubai as a chief vacation spot for overseas direct funding (FDI), accounting for 11% of Dubai’s FDI. DMCC attracted a record-breaking 3,049 new corporations to the free zone in 2022 and 1,456 new corporations within the first half of 2023, bringing the full quantity to over 23,000 member corporations, from massive multinationals by means of to SMEs and entrepreneurs.
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