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BRICS Business Forum to be held in Dubai next month

Dubai: A business forum of BRICS nations will be held here for the first time next month to provide opportunities for greater economic collaboration between the countries of the five-member grouping.The forum - initiated and
brics business forum to be held in dubai next...
PTI 04 Aug 2015, 7:07:10 AM IST

Dubai: A business forum of BRICS nations will be held here for the first time next month to provide opportunities for greater economic collaboration between the countries of the five-member grouping.

The forum - initiated and supported by embassies and consulates of Brazil, Russia, India, China and South Africa - will be held on September 9 at Dubai Multi Commodities Centre.

"We believe that meeting and discussing are central to economic and cultural growth and development, which is why we are pleased to present this platform for networking to all of the participants involved," said Igor Egorov, Chairman of the Dubai-based Russian Business Council (RBC).

"BRICS forum will serve as a platform to unveil a roadmap for the development of business activities. There will be a lot to share among the members of the five countries and exchange ideas of mutual interest," said Kulwant Singh, President of Indian Business and Professional Council (IBPC).

The forum provides an opportunity for BRICS companies located in the UAE to exchange technical knowledge and establish collective action plans in order to improve their capacity for innovation and competition in the market, UAE's official news agency WAM reported.

"I think it is a perfect opportunity for people who want to share their ideas and join forces to do business with the BRICS countries. Such forums will ensure talent, opportunity, ideas and innovation is created," Singh said.

"I commend the initiative of organising a BRICS Business Forum in Dubai. As the BRICS group institutionally develops, independent public debate can help fostering the process," said Paulo Cesar Meira de Vasconcellos, Brazilian ambassador to the UAE.

Noting that the UAE is a hub where companies and citizens from all BRICS countries converge, Paulo said the potential for bridging the increased business ties among these countries makes the UAE an ideal place to host these discussions.

The forum is organised by RBC along with the Indian Professional and Business Council, Indian Trade and Exhibition Centre, Chinese Business Council, South African Business Council and the Brazilian Trade Mission in the UAE.

Related Tags: BRICSDubai

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