UAE Companies Exploring More Trade Opportunities In South America
UAE Companies Exploring More Trade Opportunities In South America
As a result of the UAE trade mission, headed by Dubai Department of Economic Development (DED), Government of Dubai, and its agencies, to South America early this year, new business opportunities particularly in exports of products and services were explored by local companies.
Dubai Export Development Corporation (EDC), an agency of DED and the government body charged of promoting exports from the Emirates, is extending its support and services through its partners to companies that are already expanding businesses in South America. In addition, more delegations from countries like Argentina, Brazil and Chile are visiting the UAE to explore trade and foster mutual partnerships.
"The trade mission we’ve conducted in South America has proven to be successful as more companies are encouraged to expand their businesses in the western region. Consequently, we have seen an increase of Latin American companies wishing to do business here in the UAE," Engineer Saed Al Awadi, Chief Executive Officer, EDC said.
"South America is considered as an important export and investment market for the UAE particularly in Dubai. EDC is supporting its members with value-add services by providing them with appropriate trade knowledge as well as government representation whenever possible in these markets," he added.
Wavetec, a leading high-tech company provider of Information Display Systems and Electronic Queue Management Systems in the Middle East and other countries, is among the companies, which have benefited from the South American trade mission. Based out of Dubai Silicon Oasis, Wavetec has recently started overseas operations in South America with focus in Argentina, Brazil and Chile.
Currently, the company has already started exporting LED products in Chile’s two new national TV studios. Wavetec is also participating in several tenders and projects in these key countries.
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