DMCC visits Paris and Lyon to further develop UAE-France commercial and trade relations

• The ease of doing business in DMCC and Dubai was highlighted to business leaders at a packed event in Paris and a series of business discussions in Lyon
• Roadshow and conference organized in cooperation with CCI France UAE, Paris Chamber of Commerce and Lyon Chamber of Commerce

Dubai, United Arab Emirates: DMCC – the world’s flagship free zone and the Dubai Government’s Merchandise Trade and Enterprise Authority – has successfully concluded its first official visit to France as part of its flagship Made For Trade Live and bilateral business discussion series, expanding its engagement with the wider Relations between the business community Paris and Lyon support the UAE-France bilateral roadmap 2020-2030.

At a packed MFTL event in Paris and a business conference in Lyon, DMCC executives addressed French business representatives from various industries on how companies can expand their international footprint through DMCC and Dubai. Discussions highlighted the wealth of opportunities that can be unlocked by Dubai’s strategic location and business attractiveness and the ease of doing business in DMCC, the fastest growing and most connected free zone in the world.

In addition to a notable increase in trade between the two countries of around 28% over the past year, France is one of the major foreign investors in the UAE. Following President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s state visit to France in July 2022 and the signing of a series of Memorandums of Understanding, the DMCC sees significant opportunity to further develop bilateral trade and commercial relations. opportunity.

Your Excellency Hend Otaiba, UAE Ambassador to France, Said: “The UAE and France have a rich history of cooperation and success across a wide range of sectors, from arts and culture to business and trade, and this is an exemplary strategic partnership model to be celebrated. It is encouraging to learn more about the DMCC for business Unparalleled support to establish and expand businesses through Dubai and to do business with the world – thereby strengthening Dubai and the UAE’s position as the world’s leading trade hub. With record growth in the value of trade between the two countries throughout 2021, the coming months There is indeed a strong will and potential to further develop bilateral commercial relations in 2019.”

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCCsaid: “The relationship between the UAE and France is constantly strengthening. The UAE already has 30,000 French citizens. His Highness Sheikh Mohamed bin Zayed Al Nahyan visited France for the first time as President this year. We The government is agreeing a series of new partnerships and investments across trade, energy. Nearly 700 French companies are registered with the DMCC, covering sectors as diverse as technology and finance, all of which suggest that the time is right for such a trade roadshow. We The continued growth of commerce and trade between the two countries underscores the importance of our economic partnership and the significant strategic importance of France as a market for Dubai and DMCC.”

Drawing on its extensive global network of key trade and business partners, DMCC organized roadshows 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 global business and cultural hubs, the UAE and France share a rich history of success through cooperation. Our partnership with DMCC builds on this history and we are delighted to be working together to help French businesses seize A range of opportunities for growth. We look forward to working closely together in the years to come – opening new doors for businesses in both countries and providing them with a platform to prosper and succeed.”

France has a long history of cultural, diplomatic and business ties and is an important target market for Dubai and DMCC. In June 2020, the UAE and France adopted a bilateral roadmap for the next decade at the annual UAE-France Strategic Dialogue to expand existing strong economic ties and further strengthen trade, investment, climate change, oil and gas Cooperation in key areas such as food safety and fintech.

DMCC’s Made for Trade live roadshows and bilateral business discussions play an important role in promoting Dubai as a leading destination for Foreign Direct Investment (FDI). DMCC reported a new record for the first half of 2022, attracting 1,485 new member firms — the highest level since its inception. The award-winning free zone now hosts more than 21,000 businesses from around the world, covering a wide range of industries and sectors.

For the full DMCC Events Calendar, please visit: https://www.dmcc.ae/events.