A delegation of businessmen from Dubai is in the country searching for investment opportunities in tourism, real estate, agro-processing, shipping and logistics.
The French Business Council of Dubai and Northern Emirates delegation is being hosted by officials from the Dubai Chamber of Commerce and Industry (DCCI) in Nairobi.
The DCCI opened a representative office in Nairobi in 2016 to enhance bilateral trade relations and introduce its members to business and investment opportunities in the country.
The Nairobi office is DCCI’s fourth in Africa after the Addis Ababa, Accra and Maputo hubs.
“We are bringing our members here to prospect in areas such as agriculture, tourism, construction, real estate and marine,” said Omar Abdulaziz Khan, the Director of International Office Programme in Nairobi. “Dubai has become a very successful trade and logistics hub attracting big exhibitions and businesses but that does not mean that we should not go beyond our borders,” he said.
Data from the Kenya National Bureau of Statistics indicates that imports to Kenya from the United Arab Emirates (UAE) rose considerably to $473 million (Sh47.9 billion) in the third quarter of 2017, from $284 million (Sh288 billion) in the second quarter, with the country replacing India as Kenya’s second largest source of imports.
Trade between the two counties mainly involves tea exports from Kenya and petroleum, clothes and electronics from UAE.