UAE business hub insists it’s not in competition with China, with its focus on small businesses
“We are trying as Dubai to connect the Gulf region with Africa, and the world with Africa through Dubai. It’s something that started with this initiative in 2007 and we came up with the GBF in 2013. “Though technology and sustainability have been the common areas, more and more business in agriculture, education, hospitality and professional services are coming up,” Buamim said.
However, he added that the United Arab Emirate was “not competing with China. Our objective is totally different. Our model is more sustainable, more fair and more win-win.”“In the last few months we have seen Saudi Arabia looking into Africa. We know that part of that is the way we have been promoting Africa. Russia is also looking into doing business with Africa. It is something we started seven years ago and we are here for a win-win situation.
“We don’t want Africans to sell commodities to us because that is where you leave all the value addition to the middlemen. I would rather the companies make money and reinvest it in their own countries.” “We believe that Dubai holds the key to unlock Africa’s economic potential, especially with regard to logistics, tourism, retail and financial sectors. Africa is the perfect hub,” he said.
“Combined, these allow African small and medium-sized enterprises to expand operations across markets, creating attractive opportunities for investors too.”
It's Time Africa rise to be self sufficient and stop depending on the global markets...why is this so difficult? With only oil, the middle east dictates the global markets... And all because of ONE commodity... This continent has All the world needs..
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