Monday, March 19, 2018

Somaliland opens trade office in Dubai

Dubai: Somaliland opened on Monday a trade office in Dubai as the country works to boost its trade ties with the UAE.

The trade office will offer import and export advice to help Somaliland companies in the UAE, and will support investment between the African country and the UAE.

“The UAE is our main trading partner in the region, and this is an important landmark in our relationship — one that has been in the making for some time now,” said Somaliland’s President Muse Behi Abdi, who was speaking at a press conference to announce the new office.
“Dubai is the main transit hub for goods destined to Somaliland, and with many of our traders based out of the city, it serves as our principle financial centre for trading with the rest of the world.”
The President added that the trade office will promote already-growing trade ties between the two countries. He said bilateral trade stands at around $300 million to $400 million (Dh1.1 billion to Dh1.47 billion).
Gulf News