TORONTO, Canada – During a series of meetings in Toronto, the Dubai Chambers discussed ways to strengthen trade and investment partnerships between Dubai and the Canadian province of Ontario. This is to explore opportunities to support Canadian companies wishing to expand into Dubai and the region’s markets. In addition to discussing prospects for cooperation in the fields of innovation, artificial intelligence, institutional investments, and international business development.
The meetings included a meeting with Stephen Lund, CEO of Toronto Global. It is the entity concerned with attracting foreign direct investments and international companies to the Toronto area. The two sides discussed opportunities for cooperation in attracting international investments, and mechanisms to support Canadian companies to benefit from the competitive investment environment provided by Dubai. In addition to exploring opportunities for cooperation within programs and initiatives aimed at accelerating the international expansion of companies and enhancing their presence in global markets.
The Dubai Chambers delegation also held a meeting with Marilyn Horrick, Chair of the Board of Directors of the Ontario Provincial Chamber of Commerce. It represents more than 60,000 companies and is the largest regional chamber of commerce in Canada.
The meeting focused on exploring opportunities for joint cooperation to support Chamber members wishing to diversify their international markets. Reviewing the services and solutions provided by Dubai to companies seeking to expand into the region’s markets. In addition to examining prospects for developing trade and investment relations between the business communities in Dubai and the province of Ontario.
The delegation also held a meeting with Giles Gerson, President and CEO of the Toronto Area Board of Trade. Which is considered the Chamber of Commerce of the Toronto District, which has the largest economy in Canada.
promotion of business linkages
The meeting discussed opportunities to strengthen trade ties between Dubai and the Toronto area, and facilitate the entry of small and medium-sized companies from Dubai and Toronto into new markets. Taking advantage of Dubai’s position as a gateway to regional markets and Toronto as a major center for accessing North American markets. In addition to discussing opportunities for cooperation in the fields of innovation, digital transformation, sustainability, and smart city development.
The Dubai Chambers delegation also met with Glenda Crisp, CEO of the Victor Institute, one of the world’s leading institutes specializing in artificial intelligence. The two sides discussed opportunities for cooperation with research centers and institutions specialized in artificial intelligence in Dubai. Exploring mechanisms to support companies in adopting advanced technologies and promoting responsible innovation, in addition to exchanging experiences and best practices in the fields of developing and applying artificial intelligence solutions.
The delegation of Dubai Chambers reviewed the investment components enjoyed by the emirate and the promising opportunities available in various economic sectors. This was during a meeting with Joe Taylor, President and CEO of the Ontario Teachers’ Pension Fund. The fund is one of the largest institutional investors in the world and manages a diversified global investment portfolio.
attracting investments
The two sides also discussed opportunities to attract more investments to Dubai and support the expansion of the fund’s portfolio companies in the region’s markets. Exploring areas of cooperation in sectors based on innovation and sustainable investments.
The visit is part of a series of international trade missions organized by Dubai Chambers within the framework of the “Growth Corridors” initiative. Which aims to enhance the prospects for trade and investment cooperation between Dubai and promising global markets.
