Dubai Chamber of Commerce Launches Georgian Business Council
The Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, has announced the creation of the Georgian Business Council. This new council aims to promote joint opportunities between the private sectors in Dubai and Georgia, supporting the growth of bilateral trade and investment.
Last year, non-oil bilateral trade between Dubai and Georgia grew by 8.5%, reaching AED1.76 billion. By the end of the first half of 2024, 89 active Georgian companies were registered with the Dubai Chamber of Commerce.
The first annual general meeting of the Georgian Business Council focused on enhancing cooperation, organising bilateral business events, and exploring opportunities for knowledge exchange. Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, stated, “We are proud to support the launch of the Georgian Business Council, which will play an important role in boosting bilateral relations by building an effective ecosystem for networking and collaboration.”
Country-specific Business Councils, like the Georgian Business Council, represent the nationalities of investors operating in Dubai. These councils, in cooperation with the Dubai Chamber of Commerce, focus on promoting bilateral trade and investments. They serve as platforms for companies to communicate, collaborate, and build impactful partnerships.
The Dubai Chamber of Commerce is working to increase the number of Business Councils to better represent the various nationalities of investors in the emirate. This initiative aims to support the expansion of member companies in global markets and unify the voices of Business Councils to achieve common goals.
Doubts Revealed
Dubai Chamber of Commerce -: This is an organization in Dubai that helps businesses grow and trade with other countries.
Georgian Business Council -: This is a group created to help businesses from Georgia (a country) work with businesses in Dubai.
trade and investment -: Trade means buying and selling goods, and investment means putting money into something to make more money.
bilateral trade -: This means trade between two countries, in this case, Dubai and Georgia.
networking -: This means meeting and talking to people to share ideas and help each other in business.
collaboration -: This means working together to achieve a common goal.
