Other BriefingsDubai Chamber Of Commerce Sets Up Trade Office In Sydney
Australia-UAE Non-Oil Trade Up 28.6% In Past 12 Months
The Dubai International Chamber of Commerce has announced the opening of a new international office in Sydney, Australia in addition to signing of a Memorandum of Understanding (MoU) with the Australia Arab Chamber of Commerce & Industry (AACCI).
H.E. Abdul Aziz Al Ghurair, Chairman of Dubai Chambers said: “Today’s office inauguration and the signing of a trade-boosting MoU with our friends at the Australia Arab Chamber of Commerce & Industry serves to highlight our existing strong trading partnership, but also underlines our redoubled commitment to working together more closely to foster mutually beneficial business agreements.”
H.E. the Honourable Margaret Beazley AC KC, Governor of New South Wales, said: “NSW and the UAE have a shared history of strong bilateral ties that are important and to be celebrated. Today’s historic moment, the signing of The Memorandum of Understanding between the Dubai Chambers and the Australia Arab Chamber of Commerce and Industry, is one more tangible sign of the further strengthening of links between NSW and the UAE.”
The UAE is currently Australia’s largest trading partner in the Middle East, and Australia’s 19th largest export market overall. The value of non-oil trade between the two countries reached $4.5 billion in 2022, registering a growth of around 28.6% compared to 2021.
In addition, the number of Australian companies registered with Dubai Chamber of Commerce exceeds 1,530 company, 307 of them joined in 2022.
New export areas from the UAE to Australia, include digital technologies, infrastructure projects, mining, and real estate. New import opportunities from Australia to the UAE include coal, inorganic chemicals, iron ores and meat.
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