"Dubai rooms" It is looking to strengthen trade and investment partnerships with the Canadian province of Ontario
TORONTO, June 19, 2017 (WAM) – During a series of meetings in Toronto, Dubai Chambers discussed ways to enhance trade and investment partnerships between Dubai and the Canadian province of Ontario, in order to explore opportunities to support Canadian companies wishing to expand to Dubai and the region’s markets, in addition to discussing prospects for cooperation in the fields of innovation, artificial intelligence, institutional investments, and international business development.
His Excellency Engineer Sultan bin Saeed Al Mansouri, Chairman of the Board of Directors of Dubai Chambers, and His Excellency Mohammed Ali Rashid Lootah, Director-General of Dubai Chambers, participated in the meetings held by the chambers delegation with a number of the most prominent Canadian economic and investment institutions, which included the Toronto Global Foundation, the Ontario Chamber of Commerce, the Toronto Area Council of Trade, the Vector Institute for Artificial Intelligence, and the Ontario Teachers’ Pension Fund.
His Excellency Engineer Sultan bin Saeed Al Mansouri, Chairman of the Board of Directors of Dubai Chambers, said that Dubai continues to consolidate its role as a global hub for trade and investment, and a preferred destination for companies aspiring to expand in regional and international markets, stressing the Chambers’ keenness to raise the level of cooperation with Canada and expand areas of joint work in future priority sectors, which contributes to creating new investment opportunities, enhancing bilateral trade flows, and establishing a deeper and more sustainable economic partnership between Dubai and Canada, based on the importance of strategic economic partnerships as An essential pillar for achieving sustainable growth.
The meetings included a meeting with Stephen Lund, CEO of Toronto Global, which is responsible for attracting foreign direct investment and international companies to the Toronto region; The two sides discussed opportunities for cooperation in the field of attracting international investments, and mechanisms to support Canadian companies to benefit from the competitive investment environment that Dubai provides, in addition to discussing opportunities for cooperation within programs and initiatives aimed at accelerating the international expansion of companies and enhancing their presence in global markets.
The Dubai Chambers delegation also held a meeting with Marilyn Horik, Chair of the Board of Directors of the Ontario Chamber of Commerce, which represents more than 60,000 companies and is the largest regional chamber of commerce in Canada.
The meeting focused on exploring opportunities for joint cooperation to support chamber members wishing to diversify their international markets, reviewing the services and solutions that Dubai provides to companies seeking to expand in the region’s markets, in addition to examining prospects for developing trade and investment relations between the business communities in Dubai and the province of Ontario.
The delegation also held a meeting with Giles Gerson, President and CEO of the Toronto Region Council of Trade, which is considered the chamber of commerce for the Toronto region, which has the largest economy in Canada.
The meeting discussed opportunities to strengthen trade ties between Dubai and the Toronto region, facilitate the entry of small and medium-sized companies from Dubai and Toronto into new markets, and benefit from Dubai’s position as a gateway to regional markets and Toronto as a major center for accessing North American markets, in addition to discussing opportunities for cooperation in the fields of innovation, digital transformation, sustainability, and smart city development.
The Dubai Chambers delegation also met with Glenda Crisp, CEO of the Vector Institute, one of the most prominent global institutes specialized in artificial intelligence. The two sides discussed opportunities for cooperation with research centers and institutions specialized in artificial intelligence in Dubai, and explored mechanisms to support companies in adopting advanced technologies and promoting responsible innovation, in addition to exchanging experiences and best practices in the areas of developing and applying artificial intelligence solutions.
The Dubai Chambers delegation reviewed the investment potential of the emirate and the promising opportunities available in various economic sectors, during a meeting with Joe Taylor, President and CEO of the Ontario Teachers’ Pension Fund, which is one of the largest institutional investors in the world and manages a diversified global investment portfolio.
The two sides also discussed opportunities to attract more investments to Dubai, support the expansion of companies affiliated with the Fund’s portfolio in the region’s markets, and explore areas of cooperation in sectors based on innovation and sustainable investments.
The visit is part of a series of international trade missions organized by Dubai Chambers within the framework of the “Corridors of Growth” initiative, which aims to enhance the prospects for trade and investment cooperation between Dubai and promising global markets.
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