30 MNCs form group to make Dubai more competitive
dubai — Several dozen multinational companies have launched the Multinational Companies Business Group (MCBG) under the umbrella of Dubai Chamber of Commerce and Industry, to give MNCs here a shared voice to engage with government on business, investment and trade-related policy.
The MCBG’s aim is to foster private-public policy dialogue to make the UAE and Dubai a more competitive place to do business. Over 30 companies from 9 different sectors are represented by the MCBG.
The sectors include technology, energy, food and beverages, automotive and allied industries, energy, fast moving consumer goods, healthcare, insurance and retail.
Over half of the group’s member companies are Fortune Global 500 companies. Main objectives of the new business group include sharing knowledge, skills and best practices on issues relating to investment, business, industry and trade policy in the Gulf region.
“Our aim is to help our members and companies in Dubai operate in a favorable business environment. The MCBG will support our effort to promote Dubai’s business-friendly environment, and foster a constructive dialogue between multinational companies and the public sector with the aim of enhancing the emirate’s position as an attractive and global business hub,” said Hamad Buamim, President and CEO of Dubai Chamber.
“Now is the right time to launch a cross-industry business group that can engage in a strategic and constructive private-public policy dialogue”, said Ramy Zaki, MCBG chairman.
“The MCBG is a true representation of the global business community that has chosen Dubai as a home for their regional operations. We aim to leverage off our members’ vast cumulative expertise to proactively engage with government on challenges and opportunities that impact the business, investment and trade climate. Our goal is to partner with government and other stakeholders to make Dubai and the UAE the best place to do business in,” he added.