Dubai Chambers, VFS Global sign trade and investment expansion MOU

Dubai Chambers has signed a Memorandum of Understanding (MoU) with VFS Global for the visa outsourcing specialists to provide services to accelerate trade and investment development for Dubai-based companies across the company’s global network.

The MoU is aimed at accelerating the global expansion of Dubai companies by reducing market entry friction and speeding up their ability to capitalise on commercial opportunities.

They'll benefit from the support of VFS Global’s international network of offices and resources, which offer a range of services and solutions including the evaluation of potential partners in international markets through due diligence services.

The agreement comes as part of the Global Partnership Programme, a new initiative launched by Dubai International Chamber, one of the three chambers operating under Dubai Chambers, that aims to accelerate the chamber’s attraction and expansion efforts by collaborating with world-class service providers across eight trade categories.

The programme will offer services designed to expedite processes, simplify operations, reduce costs, and minimise risks for Dubai-based companies.

The Global Partnership Programme complements Dubai Global Initiative which aims to attract foreign direct investment and support Dubai-based companies in their expansion plans across 30 priority markets.

His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are dedicated to driving economic growth by attracting companies and investors from across the globe to the emirate and supporting the international expansion of local businesses. Our cooperation with VFS Global will enhance the competitiveness of Dubai’s private sector by facilitating smoother entry into global markets. We remain committed to supporting the business community as we continue to consolidate Dubai’s position as an unrivalled global gateway for opportunities and growth.”

The agreement with VFS Global will support the Global Partnership Programme across the chamber’s 31 international representative offices around the world. The growing network will play a key role in achieving the ambitions outlined in the Dubai Economic Agenda (D33), which seeks to double the size of the emirate’s economy over the coming decade and consolidate Dubai’s position among the top three global cities.