One billion dirhams of South African investments in Dubai over 5 years
Johannesburg, June 5 / WAM / Salem Al Shamsi, Executive Vice President of International Relations at Dubai Chambers, stressed the strength of economic relations with South Africa and the great potential available to strengthen them during the next stage, as South African investments in Dubai amounted to more than one billion UAE dirhams (US$294 million) during the past five years.
Al Shamsi said in a statement to the Emirates News Agency, WAM, on the sidelines of the Dubai-South Africa Business Forum, which was organized by the Dubai Chamber of Commerce and held in the city of Johannesburg as part of the activities of the trade mission led by the Chamber within the framework of the “New Horizons for Foreign Expansion” initiative, that investments were distributed across a wide range of vital sectors, including information and communications technology, pharmaceutical industries, food, and other promising economic fields, indicating that these indicators reflect the growing confidence that Dubai enjoys as a global destination for investment. and business, and its increasing attractiveness to companies and investors from around the world.
He added that Dubai Chambers continues its efforts to open new horizons for companies and enhance their expansion opportunities in global markets, especially in the African continent, which represents one of the most important axes of global economic and trade growth.
He explained that the presence of Dubai Chambers in South Africa comes within the 13th leg of trade missions organized by the Chambers to African markets since 2023, as part of an integrated strategy aimed at supporting companies in exploring new opportunities and building sustainable partnerships.
He pointed out that 24 companies from Dubai participated in the Dubai-South Africa Business Forum, and represented various economic sectors, with the aim of exploring investment and commercial opportunities available in the South African market, and examining the possibilities of cooperation with local companies in a way that contributes to enhancing trade and investment exchange between the two sides.
He stressed Dubai Chambers’ keenness to play a proactive role in enabling companies to access promising markets, benefiting from its network of foreign representative offices, including its office in South Africa, which contributes to providing the necessary support to companies and building bridges of communication with the local business community.
He expressed his aspiration to continue enhancing mutual investment flows between Dubai and South Africa in the coming years, and to attract more qualitative investments that support economic development and open new opportunities for growth and prosperity on both sides.
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