FOCUS OMANFOCUS HAMBURG B uilding on the success of the three previous forums which each attracted many high ranking participants from Dubai and Hamburg Hamburg Chamber of Commerce together with Dubai Chamber of Commerce Industry DCCI played host to the 4 Dubai Hamburg Business Forum on February 5 2014 Dubai Chamber together with a high ranking delegation once again visited the Free and Hanseatic City of Hamburg The group was led by H E Hisham Al Shirawi Vice Chairman and H E Hamad Buamim President CEO of Dubai Chamber of Commerce and Industry and included H E Khamis Juma Buamim Chairman of Dubai s Drydocks World H E Jamal Majid Bin Thaniah Vice Chairman of DP World H E Eng Hussain Nasser Lootah Director General of Dubai Municipality Hamad Bin Mejren Managing Director of Dubai s tourism authorities and further business delegates from Dubai Four panels discussed opportunities for cooperation in the areas of green city technology maritime industry logistics and tourism It is clear that the organization of Expo 2020 will spur the current growth in Dubai Speaking at the Dubai Hamburg Business Forum H E Hamad Buamim President CEO of Dubai Chamber of Commerce and Industry mentioned an additional growth of up to 2 in the years 2016 to 2020 as a result of the exhibition alone With that in mind the United Arab Emirates are likely to remain an anchor of economic stability in the Gulf region in the medium term Extensive investment will be necessary to expand infrastructure capacity According to the 20 20 20 formula 20 million overnight stays are due to take place in 2020 almost double the current number of around 11 million By that time Dubai International Airport will have become the world s largest air hub in terms of passenger traffic The slogan of Expo 2020 is Connecting Minds Creating The Future an idea that was anticipated by Dubai and Hamburg with the forum also serving as an opportunity to sign a Memorandum of Understanding for closer cooperation in the Maritime Industry The Memorandum was signed between Hamburg Chamber of Commerce Maritime Cluster Norddeutschland Northern Germany Logistik Initiative Hamburg and Hamburg School of Business Administration and the Dubai Council for Marine and Maritime Industries Dubai Maritime City Dubai Drydocks World and Emirates International Maritime Academy The focus here is on an exchange of technology and experience particularly in the area of energy efficiency and the development of business and investment opportunities for both sides There are also plans for exchange programs in research and teaching On the occasion of the Forum Dubai Chamber of Commerce and Industry released studies focused on opportunities for joint cooperation between Dubai and Hamburg in the areas of logistics tourism maritime and green cities The studies which were part of the panel discussion led by Dubai and Hamburg business leaders weighed areas of mutual interest for businesses in logistics which is one of the leading drivers of Dubai s economic growth as well as tourism maritime and green cities which are other important sectors holding ample investment potential for both the cities According to the study on logistics Dubai s strong investment in multimodal logistics transport infrastructure has put the emirate in the leading position as a global logistics hub while in light of Hamburg s strong position as an aviation hub there is strong potential for cooperation in areas such as building of an aviation cluster in Dubai Maintenance Repair and Overhaul MRO facilities and technical and vocational training Hamburg can also benefit from Dubai s strategic position in the trade between Asia and Africa and Asia and Europe With regards to the maritime sector Germany has a well developed shipbuilding industry building not only large modern ships but also mega yachts that are in demand in the region while presently there are several companies in Dubai that are into provision of maritime services and production of parts These are areas that cooperation between Hamburg and Dubai companies could develop and strengthen not only for the domestic maritime industry but for global operations as well Other areas of cooperation would be ship efficiency emissions and safety offshore wind energy and deep sea engineering Dubai s tourism sector is expected to see double digit growth rates The winning of Expo 2020 along with other planned projects to develop the tourism sector in Dubai provides a number of opportunities for foreign companies especially from Hamburg seeking to enter the Dubai market with their sustainable architecture design engineering and construction expertise Dubai Chamber s study on green cities pointed towards the existence of opportunities for businesses in the environmental and sustainability sectors of Dubai and Hamburg to collaborate on green technologies especially in the areas of renewable energy waste and water management green building standards and clean urban transport The study highlighted areas of cooperation in the solar and renewable energy sphere stating that a smart grid system based on the governments intended feed in tariff system presents a substantial supplier opportunity on a residential to grid level Also given the conditions of rising population of Dubai and the emerging scarcity of water the effective re use of water and therefore water treatment technologies are clearly a choice for cooperation potential in Dubai Over 180 participants attended the 4th Dubai Hamburg Business Forum and contributed to its success As a spin off of previous Dubai Hamburg Business Forums Dubai Chamber will participate with a Dubai Pavilion at the next SMM the world s leading maritime trade fair in Hamburg in September 2014 n Sources Hamburg Chamber of Commerce Dubai Chamber of Commerce and Industry edited by Kirsten Staab dubai hamburG bUsiness forUM 2014 Kirsten Staab Director Hamburg Representative Office UAE Healthcare Industry Service Center Signing of an MoU between Dubai and Hamburg for cooperation in the maritime sector The UAE Delegation and hosts at the 4th Dubai Hamburg Business Forum MAJLIs ISSUE 12 21