30 MNCs form group to make Dubai more com­pet­i­tive

Khaleej Times - - NATION - Staff Re­port — wa­heed­ab­bas@khalee­j­times.com

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.

Sup­plied photo

Ha­mad Buamim at launch of Multi­na­tional Com­pa­nies Busi­ness Group in Dubai. —

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