DUBAI - The UAE is a better place to do business as compared to other parts of the world during the current global economic crisis and because of that around 200 new Spanish companies are expected to come this year in the Emirate.
This was stated by Manuel Valle, Economic & Commercial Counsellor of
Last year
Around 1,000 Spanish companies are actively involved in business with the UAE, said Valle and added: Around 100 firms have office in the UAE, 25 through franchise business, 400 through trade mission and other 400 participate in trade fairs in
“We are very strong in desalination and water treatment in the world and soon you will see Spanish firms running the same plants in the UAE,” said Valle. Recently Dubai Chamber and Madrid Chamber of Commerce and Industry signed a memorandum of understanding. The agreement will consolidate economic relations between the two nations and sets framework for cooperation. According to the data provided by Dubai Chamber, a total of 174 Certificates of Origin were issued by Dubai Chamber for Spain with a total of Dh30 million from January 1 to August 21, 2008.
Value of exports of Spanish Members by Destination, 2006 & 2007 increased from Dh38 million in 2006 to Dh51 million in 2007 with 35.9 per cent growth.