The Ain Dubai (Dubai Eye) observation wheel was supposed to close for just a month but its reopening has been postponed indefinitely

Dubai International Chamber, which serves as a platform for networking opportunities and support in Dubai for international businesses across the globe, collaborated with 15 multinational companies and 77 small and medium-sized enterprises (SMEs) from January to September this year.

Aside from attracting a total of 92 businesses in the span of nine months, the chamber has also supported 33 Dubai-based companies' expansion into international markets.

"Through our services, resources, and public and private sector connections, we are assisting Dubai companies to expand their businesses and capture diverse investment and export opportunities in overseas markets," Sultan Ahmed bin Sulayem, chairman of Dubai International Chamber, said on Wednesday, according to WAM.

"In addition, we are continuing to leverage our network of representative offices across the globe to attract inward investment and support foreign companies seeking to set up in Dubai and expand into the MENA region and beyond," he added.

Sulayem noted that Dubai International Chamber is "committed to boosting trade and investment" as a part of an ongoing drive to "achieve the goals outlined in the Dubai Economic Agenda (D33), which aims to double the size of the emirate's economy by 2033."

Dubai International Chamber has strengthened its presence across Europe and Southeast Asia by launching three new representative offices in Ho Chi Minh City, Vietnam; Milan, Italy and Paris, France in 2023.

The new international representative offices will provide platforms for international businesses to pursue fresh communication and economic cooperation with Dubai-based businesses and attract foreign companies, SMEs, investors and international talent.

These three new offices opened in addition to nine new representative offices that were launched throughout the first nine months of this year. As per the Dubai Global initiative's target, the chamber will establish 50 offices by 2030.

Dubai International Chamber launched the "New Horizons" initiative earlier this year to support Dubai-based companies willing to enter or expand international markets. The chamber organized four events under this initiative in Central Asia (Uzbekistan, Kazakhstan and Kyrgyzstan); London, the United Kingdom; Johannesburg, South Africa and Hong Kong.

Global Expansion Series, another initiative launched this year, is designed to help local companies expand into global markets. This initiative had two events in the first nine months, attracting over 100 companies.

Dubai International Chamber is encouraging cross-border economic partnerships while it is also supporting Dubai-based local companies to achieve success on a global level.