DUBAI: Dubai Exports, the export promotion agency of the Department of Economic Development (DED), recently participated in BakuBuild, the leading construction industry fair in Central Asia held annually in Baku, the capital of Azerbaijan, along with 16 Emirati companies specialised in building materials. The exhibition was held this year in the backdrop of growing interest among UAE construction companies in reaching out to new markets overseas and the strong potential for collaboration between UAE and Central Asian markets across diverse sectors.
Dubai Exports also hosted a business forum alongside the exhibition with the support of the UAE Embassy in Baku and the Azerbaijan Export and Investment Promotion Agency (AzPromo), to explore ways to develop the strategic relations between the UAE and Azerbaijan into a stronger commercial engagement. The event was attended by senior decision-makers including Azerbaijan’s Minister of Economy and over 150 representatives from various industry sectors in Azerbaijan, in addition to DP World and 20 Emirati companies. Azerbaijan is one of the leading economies in Central Asia, revamping its industrial and transport infrastructure to leverage its location and regional connectivity. The country is also one of the sponsors of the East-West and North-South transport corridors, and holds vast potential for collaboration with the UAE is the felds of logistics and shipping.
Dubai Exports also facilitated a number of B2B meetings during BakuBuild 2016 to enable companies from the UAE learn about the demand situation across various sectors in the Azeri market and ways of doing business in the country. As part of its market research, Dubai Exports periodically gathers views from experts in target markets and share such information with UAE companies looking for new export opportunities.
