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City of London

Doing Business in Dubai

19 Mar 2017

Doing business in Dubai

The IoD City of London and DMCC (Dubai Multi Commodities Centre) held a joint event to learn more about why Dyson, Duracell, Google Campus for Entrepreneurs, NATS and 13,000 more businesses are thriving in Dubai.

David Stringer-Lamarre, Chairman of the Institute of Directors, City of London, during his opening remarks spoke about the existing close relationship between London and Dubai and noted that in the light of the result of the Brexit referendum UK firms were looking to engage more with non-EU countries. It is likely a good time to look towards Dubai, which, along with the rest of the United Arab Emirates, have been a long-standing partner of the United Kingdom for decades.

Gautam Sashittal, CEO, Dubai Multi Commodities Centre, spoke about Dubai being the ‘crossroads of commerce’ noting that entrepreneurship was at the heart of Dubai. He noted that for businesses interested in Asia and Africa Dubai was very well located. In this respect it is very comparable to London, which is also seen as a ‘gateway’ city to regions such as Europe and Africa.

Speeches were made by Krysta Fox, Executive Director of DMCC, who stated that there were 1000+ companies in the DMCC Freezone, and Oliver Cornack, Regional Editor of Oxford Business Group, who noted that Dubai displayed an ‘openness to trade’.

The panel discussion was chaired by Allie Renison, Head of Europe & Trade Policy at the Institute of Directors. The panel also included James Bernard, Director of Business Development at the DMCC Free Zone, Elliott King, CEO of MintTwist and Gavin Maude, CEO of Pemberton Partners.

The evening ended with a business card draw for a 4-night trip to Dubai and included refreshments and networking.

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