Dubai Chambers has signed a Memorandum of Understanding (MoU) with VFS Global to accelerate the international growth of Dubai-based companies.
The agreement, announced on Tuesday, is a key component of the new ‘Global Partnership Programme’ launched by Dubai International Chamber. The programme aims to simplify the expansion process for local businesses while minimizing risks and reducing costs for Dubai firms entering international markets.
“Our collaboration with VFS Global will boost the competitiveness of Dubai’s private sector by enabling smoother entry into global markets,” said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers.
He reiterated the Chamber’s commitment to supporting the business community and reinforcing Dubai’s role as a global gateway for opportunities and growth.
Under the MoU, VFS Global will use its extensive international network to offer essential services to Dubai-based businesses. These services include evaluating potential partners in international markets through due diligence services, thereby reducing market entry obstacles and speeding up the exploitation of commercial opportunities.
“This initiative underscores our long-standing dedication to supporting the development of Dubai as a leading global business hub,” said Zubin Karkaria, Founder and CEO of VFS Global. He also highlighted VFS Globe’s strong ties with the UAE, dating back to 2002 when the company launched Dubai Visa services with Emirates Airlines.
The partnership will support the Global Partnership Programme across Dubai Chambers’ 31 international representative offices worldwide. This expanding network is crucial to achieving the goals outlined in the Dubai Economic Agenda (D33), which aims to position Dubai among the top three global cities.
As Dubai continues to strengthen its status as an international business hub, this partnership between Dubai Chambers and VFS Global marks a significant milestone in facilitating the global expansion of local businesses and attracting foreign investment to the emirate.
