Dubai Chamber's Bengaluru office Signals UAE’s Strong Focus On Tech, AI

Bengaluru: The decision to set up its second representative office of the Dubai Chamber of Commerce (DCC) in the city signals the United Arab Emirates' (UAE) strong commitment to a strategic pivot towards technology, startups, and clean energy collaborations, according to industry experts. The Bengaluru branch of the DCC was inaugurated on April 9, during the visit of Dubai's Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who also serves as the Deputy Prime Minister, to India to strengthen bilateral ties.

The DCC had earlier opened its first office in Mumbai in 2018. "Bengaluru becoming the 34th hub of the DCC will be a huge, huge jump.

Bengaluru itself is such a buzz. I have a few companies headquartered in Bengaluru, which is already third on the list of global startup hubs," Bollywood actor-turned-businessman Vivek Anand Oberoi, Managing Director of BNW Developments, a luxury real estate developer in Dubai, told media over Zoom.

According to him, since the Comprehensive Economic Partnership Agreement (CEPA) came into effect, the UAE has been exploring opportunities in infrastructure development, healthcare access, maritime capabilities, digital logistics, and higher education with India. CEPA is a trade agreement between India and the UAE. It was signed on February 18, 2022, and came into force on May 1, 2022.