DUBAI: Dubai Chambers and Citi UAE have reached an agreement to boost competitiveness of the business community and drive economic growth in the UAE, according to a Dubai Media Office statement.
The memorandum of understanding was signed by Dubai Chambers President and CEO Hamad Buamim and Citi UAE CEO and Head of Middle East and North Africa Elissar Farah Antonios.
The two entities will coordinate events and initiatives that will support their common goals and encourage businesses to set up shop in the UAE, the statement said.
Buamim said the agreement would raise the standard of banking services and solutions that enable business growth, thereby creating a more competitive business environment.
He explained that the partnership bolsters Dubai Chambers’ strategy to attract multinationals to the emirate.
$544m Dubai-Al Ain Road project begins
Construction of the Dubai-Al Ain Road Improvement Project, set to cost AED2 billion ($544 million), was inaugurated on Sunday, according to Dubai Media Office.
The project will involve widening the road from three to six lanes in each direction and building six interchanges along with bridges and ramps stretching over 11.5 kilometers.
It will benefit 1.5 million people living and working on both sides of the road, the statement claimed.
