John Martin St. Valery, chairman of the British Business Group in Dubai, shares their perspective of his for the entire year and informs us why it bodes very well for British companies in the emirate.
With the UAE’s economy poised for development in 2022, what is your perspective for the entire year, and how can you see the British company group benefitting from it?
With all the improved interest from UK based businesses from the British Chamber of Commerce networking and people who have discovered the British Business Group Dubai along with the Northern Emirates on social networking and also by referral, we have noticed a rise from UK businesses looking to grow the business interests of theirs in Dubai, and that is very thrilling and proof of the region’s positioning as a good spot to do business and also to follow.
Like me, you will find a lot of British ex-pats living below who’ll have noticed very similar surges of “new business blood” entering the marketplace in days gone by, but this seems rather different. In all the time I have lived and worked here, I have not seen such an integrated, responsive, and welcoming landscape that will appeal to UK public limited companies and established entrepreneurs. Even those just starting in their careers. Existing Dubai-based companies must visit this particular development as well as a trend as a chance to exhibit the identified British business ecosystem in the nation.
With GCC and Britain agreeing to expedite the no-cost trade offer of theirs, exactly how will that advertise the UK’s commercial interests in the UAE?
The cost-free trade agreement (FTA) is understanding and guarding what’s operating perfectly – and there is a great deal which is – and also to search for places of change that may profit all parties. It is very simple: it indicates there will be much fewer obstacles, which makes it much easier to exchange, and this also goes both ways, as the BBG additionally supports the Department for International Trade’s activity around expense back to the UK – along with an expanding number of the users of ours are performing that. We’re working closely with our counterparts across the GCC and the British Chamber of Commerce Abu Dhabi to feed into the FTA session’s success.
Any recent initiatives that will attract many more British companies to the UAE?
Right now, there are already a lot of progressive & strategic modifications announced by the UAE government in the previous twelve months alone, together with the UAE’s reaction to the pandemic that will normally attract more interest from British business owners. With much more British ex-pats – confirmed by the members of ours in property, financial education, and services, the need is present for British products, requirements, and services currently much more than ever – we come across this mirrored in the diverse selection of members that are new in the F&B sphere, lifestyle, and entertainment.
You are just recently produced Officer of the Order of the British Empire. Tell us about the expertise of yours on being given this honor.
It is exactly that – an honor to receive – and it came as a wonderful surprise when I was informed by Her Majesty’s Trade Commissioner and Consul General for Dubai on the Embassy grounds in December last year. I was not permitted to express it to anybody and placed it under wraps until it had been publicly announced as well as printed on New Year’s Day. It’s arrived at a period just where I am savoring the final phrase of my chairmanship in the British Business Group Dubai along with the Northern Emirates following six years and over twenty years of becoming a part.