According to the Emirati daily Al-Khaleej, the Iraqi-British Business Council is planning a meeting in Dubai on December 7-8, with the goal of developing relationships and pushing economic development in Iraq.
During the second day of the conference, Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, will make a lecture titled “Building a Sustainable Future.”
According to Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade Affairs, “we join our friends from Iraq and the Iraqi Business Council to discuss joint efforts to assist the country in the reconstruction process.”
The conference will bring together firms involved in business and commerce in order to increase investment for businessmen and, eventually, to assist the industry.
Al Saleh went on to say, “We support the Council’s mission to facilitate the transfer of technology, infrastructure, and expertise to Iraq in order to boost its growth and development.”
According to conference organizers, the huge increase in commerce between the UAE and Iraq, which will approach 60% by 2022, underlines the two nations’ developing economic ties.
The event reaffirms the UAE’s status as Iraq’s primary business center and highlights the country’s expanding role in supporting international collaboration.
The UAE is considered as a meeting point for everyone from the United Kingdom, the European Union, and the United States to India, Turkey, Iraq, and the Gulf.
In addition, the UAE provides enormous potential for investment in Iraq and for enterprises operating there, without the requirement for administrative and bureaucratic positions that may be found elsewhere.
Michels continued, “Many of our members have headquarters in Dubai, and we anticipate that this conference will have the importance of attendance that decision makers value, and our members expect to communicate with important people.”
The conference is taking place at a critical juncture in history, since it covers critical concerns such as economic sustainability, education, finance, and climate change.
According to Vikas Handa, the UAE’s regional council representative, “the conference is expected to be of great importance for the long-term development and outlook of Iraq.”