DUBAI: In its quest to strengthen bilateral economic ties between Dubai and Kenya, the Dubai Chamber of Commerce and Industry-led business delegation met the Republic of Kenya’s Head of State, Uhuru Kenyatta, during their current visit to the strategic East African country.
On the sidelines of the trade mission to Kenya, SS Lootah International, the global arm of Dubai-based conglomerate SS Lootah Group, also has signed a memorandum of understanding (MoU) worth half a billion dirhams with Kenya’s Hashi Energy on the sidelines of a trade mission to Nairobi this week led by Dubai Chamber of Commerce and Industry.
During the meeting, the Kenyan President lauded Dubai Chamber’s efforts in opening a representative office in the Kenyan capital, which he said is a step in the right direction for developing bilateral relations between the two countries while taking them to a higher level.
Uhuru Kenyatta was all praise for Dubai’s economic growth model, which according to him has acquired a place of prominence on the world economic map.
Also during his audience with the high-powered 15-member Dubai Chamber delegation, Uhuru Kenyatta expressed his country’s desire to share the expertise and experience of Dubai firms from various high-growth economic sectors, which he said will benefit Kenya in its march towards economic development in the African continent.
The Kenyan President appreciated Dubai Chamber’s interest in the Kenyan market which he said is an important element of its hugely successful Africa expansion strategy as he also drew the delegation’s attention to the huge growth potential in his country’s lucrative economic sectors like tourism, agriculture and infrastructure development.
On his part, Majid Saif Al Ghurair, Chairman, Dubai Chamber, stated that the Chamber is committed to facilitating its members’ entry into the African markets as its new office in Nairobi will stimulate joint economic partnerships between the two countries. He also thanked all Kenyan public and private sector partners for their support to Dubai Chamber in its endeavour to reach out to the country’s businesses.
The trade mission, taking place this week in Kenya and Ethiopia, is organised as a lead up to the 4th Africa Global Business Forum, taking place in Dubai next year.
The cooperation agreement was signed between the two parties on Wednesday in the presence of Majid Saif Al Ghurair, Chairman, Hamad Buamim, President and CEO, Dubai Chamber and members of the trade delegation comprising of UAE businessmen and investors.
Source: Golf Today