Dubai Chamber of Commerce will be establishing a second African office in Ghana, revealed Hassan Al Hashemi, Vice President for International Relations at the Dubai Chamber, during a meeting with the Ghana’s Minister for trade and industry, Haruna Iddrisu.
He said the satellite office, if established, would serve not only Ghanaians but the West African sub-region and Africa as a whole, while allowing the existing office of the Dubai Chamber in the Ethiopian capital of Addis Ababa to concentrate on eastern and southern Africa.
For his part, Minister Iddrisu pledged the willingness and determination of the government to attract foreign direct investment into the country and noted that the presence of the Dubai Chamber in Ghana would be extremely beneficial to both countries.
He promised the delegation his full support in quickening the process to allow the Dubai Chamber to establish itself and become fully operational in Ghana, while the meeting was also attended by officials from Ghana’s own Chamber of Commerce.
The move will be particularly beneficial for established Dubai-based companies such as the Abraaj Group, which already holds significant interests in Ghana, and where its most recent investments have involved both the dairy industry, with the $360m acquisition of Fan Milk, and finance, with the acquisition of Ghana Home Loans, a prominent mortgage lender.
The Dubai Chamber of Commerce was established by a decree issued by the late Ruler of Dubai, Sheikh Rashid bin Saeed Al Maktoum in 1965, and started its activities with 450 members and a 12-member board of directors.
The first organisation of its kind in the Middle East to offer international membership, today the Chamber has over 150,000 and 24 board members, and has also created 27 business groups divided by industry, and 43 business councils that are divided by country.