Dubai becomes the preferred trading center for Indonesian companies – Dubai Blog

Industry experts stated at the first Global Business Forum (GBF) ASEAN meeting held during the Dubai World Expo in 2020 that Dubai is an ideal partner to help Indonesia expand trade into lucrative new markets.

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, GBF ASEAN, organized by the Dubai Chamber of Commerce, is exploring increasing bilateral relations between Dubai and 10 members Ways of trade and commerce. Form the Association of Southeast Asian Nations.

The theme of the second day of the forum was “Definition-Reform and Growth.” HEAirlangga Hartarto, Minister of Economic Affairs Coordination of Indonesia, and Asim Al Abbasi, Chief Financial Officer of DP World participated in the “Fireside Talk” to discuss trade relations between Indonesia and the UAE.

HE Hartarto confirmed that, as the largest economy in the RCEP countries, Indonesia is keen to use Dubai’s huge logistics capabilities to expand its trade network to the African and South American markets.

“Since the country has the largest population in the RCEP region and the strongest emerging economy, Indonesia’s economic landscape pays more attention to improving manufacturing capabilities and adopting advanced technologies to increase efficiency and productivity. We believe that DP World can help us reduce logistics costs and It helps a lot in enhancing the mission of our national logistics ecosystem,” he said.

As far as Al Abbas is concerned, he said: “Historically, the Arab world has played a vital role in becoming a hub for global trade and connecting Asian and European markets. Today, through our flagship Jebel Ali In Hong Kong and the Jebel Ali Free Zone (Jafza), we continue to lead the internal trade market by fully adopting modern technology and enhancing logistics services to achieve automation and improve efficiency.”

“Our strategy of using blockchain technology is in line with the UAE government’s efforts to support the digitalization of the logistics operation system. We are witnessing greater transparency in current logistics operations and less human intervention. We will continue to make full use of technological advances to enrich our services. Increase its competitive advantage,” he added.

GBF ASEAN is the latest member of the Dubai Chamber of Commerce Global Business Forum series, which also includes GBF Africa and GBF Latin America.The first GBF ASEAN meeting will end today (Thursday, December 9)^day) Is the second of the three global business forums to be held concurrently with Expo 2020 Dubai, and Dubai Chambers is the official business integration partner of the forum.