Strengthening the exchange of goods and services between Dubai and Indonesia, the Dubai Chamber of Commerce initiates an Indonesian Business Council.
In a significant step towards bolstering trade and investment relations, the Dubai Chamber of Commerce established the Indonesian Business Council in 2023. The move, announced during a representative office inauguration in Jakarta, marked the 59th Business Council operating under Dubai Chamber's umbrella.
The Indonesian Business Council held its inaugural annual general meeting at Dubai Chambers' headquarters in 2024, attracting top officials and business leaders. The purpose of the meeting was to explore partnership opportunities with Dubai-based companies and facilitate the exchange of expertise and market insights to strengthen mutual economic ties.
During the meeting, attendees discussed collaborative strategies, upcoming bilateral business events, and emerging opportunities. The 'Doing Business with Indonesia' forum, held concurrently, attracted 472 participants, all eager to explore partnership opportunities with Dubai-based companies.
The trade mission to Southeast Asia, held in May 2024, involved 200 bilateral business meetings. Despite the numerous discussions and meetings, the trade mission did not have any repetition with the growth in the number of Indonesian businesses registered as active members of Dubai Chamber of Commerce, which saw a 60% increase in 2024, reaching 160 by the end of the year.
The non-oil bilateral trade between Dubai and Indonesia exceeded AED 10 billion in the first nine months of 2024, highlighting the growing appeal of Dubai among Indonesian businesses and investors. Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, emphasized the importance of Business Councils in fostering dialogue and cooperation between business communities.
The Indonesian Business Council aims to bolster trade and investment relations, unlock business opportunities, and foster collaboration between Dubai and Indonesia's business communities. As the council continues to grow and evolve, it is poised to play a crucial role in deepening the economic ties between the two nations.
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