Ruler of Dubai commends both foreign and homegrown business
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that the UAE’s ability to offer a conducive environment for investments from across the world combined with its strategic geographic location and easy access to emerging markets has cemented its position as a destination of choice for international companies seeking to tap the region on a recent visit to the SOUQ fulfilment centre.
Amazon subsidiary SOUQ opened a huge facility in Dubai in 2018.
Sheikh Mohammed said: “We are keen to meet business owners and investors to obtain their inputs and feedback, which will allow us to further enhance our collaboration with them.”
His Highness commended the achievements made in attracting international firms and investments to Dubai, adding that investor confidence in the UAE economy is high.
Sheikh Mohammed also expressed his appreciation for homegrown companies that have achieved global success, adding: “The global accomplishments of local companies are testimony to the strong partnership between Dubai and the investment community.
“We are happy to see local companies becoming international success stories. Their success is our success. We spare no effort in creating a conducive environment for businesses to thrive.”
Ronaldo Mouchawar, CEO of SOUQ, said: “We are honoured to be visited by His Highness today and showcase another milestone on our journey here in the Middle East.
“Entrepreneurship is an engine of economic growth globally, so we are proud to play our role in empowering the many small and medium sized businesses that sell through our Marketplace, as well as providing our customers access to millions of products.
“Furthermore, over 600 new jobs will be created within the first year of operation of this Fulfilment Centre. In addition to the benefits we are providing to our customers and sellers, we are proud to contribute to Dubai’s position as a global business hub to allow the UAE to vie with the best all over the world.”
Read more: Sheikh Mohammed Attends GCC Summit