Khaleej Times

30 MNCs form group to make Dubai more competitiv­e

- Staff Report — waheedabba­s@khaleejtim­

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

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