Dubai Chamber endorses Libya Infrastructure and Rebuild Conference
- United Arab Emirates: Wednesday, February 08 - 2012 at 11:07
- PRESS RELEASE
Dubai Chamber of Commerce and Industry has extended its support and endorsement to the upcoming Libya Infrastructure and Rebuild Conference which will be held on June 27 and 28 at Dubai's Dusit Thani Hotel.
Dubai Chamber has all along hailed the stronger UAE-Libyan ties, stressing the support of Dubai to the Libyan people to develop their country in all fields. The UAE is playing an active role in supporting Libya on political, military, security and humanitarian grounds while also offering technical support.
Mr. Nasib stated that Libya is a promising destination for Dubai's business community as the country's redevelopment process offers excellent opportunities for Dubai Chamber members to use their expertise and benefit from the growth prospects offered by the country's trade, infrastructural, and financial services sectors.
He pointed out that Dubai Chamber members' members' exports and ere-exports with Libya registered a 43% growth from its December 2011 figures of Dhs261m to Dhs374m in January 2012 which is a good indicator of rising trade with the African country.
Dubai Chamber's endorsement of the conference will go a long way in supporting the competitiveness of Dubai's business community and opening up the gates of opportunities in the Libyan markets, Mr. Nasib said.
"The event has already gained global recognition, said Mr. Raj Menon, principal host of Arabian Reach FZ LLC Dubai adding, "We are confident that the conference will further boost the cooperation ties between Dubai and Libya and the relationship with UAE will improve and flourish," he said.
The event will provide a major showcase of various industry expertise reflecting the importance of the vital sectors to Libya's economy by bringing together, production, service and supply companies from the world's leading technology companies. Visitors will include Libyan government officials and private sector planners, procurement officials, engineers of all disciplines, global specialist contractors, consultants and trading agents providing the essential contacts necessary for the participating companies to secure a part in Libya's economic development programme.
Added Mr. Raj Menon, "The Conference and Exhibition is also a practical and significant stride towards opening new markets for UAE traders, manufacturers and services establishments in Libya which is considered a gateway to the North African countries including Tunisia, Algeria, Morocco and Mauritania besides the West African countries including Mali, Togo, Niger, Nigeria, Senegal, Ivory Coast, Ghana and Chad."
He said, "These countries are net importers of various types of goods to durables, raw material and machinery. Businessmen and entrepreneurs in the UAE can develop and maintain stronger relations with their Libyan counterparts to tap the limitless opportunities utilising the easy access to these countries by sea, road and air. Libya is also strategically located close to the north Mediterranean countries including Malta, Cyprus, Greece, Italy, France and Spain."
Over 150 delegates from Canada, China, Germany, Egypt, Italy, UAE, UK, GCC, Middle East, USA and other countries, will be participating in the event and will demonstrate and reassure their commitment to the Libyan market and create and strengthen their trading links with Libya's public and private sector business communities.
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