May 30, 2024 marked a historic date for the Mexican business community with the formalization and announcement of the establishment of the Mexican Business Council in the United Arab Emirates (UAE).
The main objective of this new council is to support the Mexican business community and promote business between Mexico and the UAE.
The creation of the Mexican Business Council in the UAE is a significant milestone that reflects the growing interest and economic opportunities that exist between the two regions.
Building an Economic and Cultural Bridge
The Mexican Business Council in the UAE is established in a context of increasingly close diplomatic and commercial relations between Mexico and the UAE.
The chairman of the council, Mr. Rafael Villalona, explained that the council will be established by seven pillars, each headed by a board member, as follows:
- Institutional Relations (UAE), headed by Mr. Alejandro Aguilera.
- Foreign Relations (Mex), headed by Mr. Fadi Saboune.
- Corporate Benefits, headed by Mr. Rodrigo Antillon.
- Investor Relations and Services, headed by Mr. Juan Francisco Faranda.
- Memberships, headed by Ms. Ingrid Orozco.
- Events and Sponsorships, headed by Ms. Lena Weisenberger.
- Marketing, Communications and IT headed by Ms. Berenice Hernández.
This initiative will not only strengthen economic ties, but will also serve as a cultural bridge that will facilitate greater understanding and collaboration between the two nations.
What are the main objectives of the Mexican Business Council?
- Support the Mexican business community: The Mexican Business Council in the UAE will provide a comprehensive platform to support Mexican entrepreneurs looking to establish or expand in the UAE.
- Encourage bilateral business: The Council will work to promote and facilitate business opportunities between Mexico and the UAE. This will be achieved through the organization of events, trade fairs and business missions that allow companies from both countries to explore new opportunities for collaboration and growth.
- Investment promotion: One of the fundamental objectives of the Mexican Business Council in the UAE will be to attract Emirati investments to Mexico and vice versa. This will contribute to the economic development of both nations and open new doors for innovation and entrepreneurship.
Why is the United Arab Emirates important for Mexico?
The UAE has established itself as a hub for global trade and innovation. Its strategic position, coupled with advanced infrastructure and a favorable business environment, make it an ideal partner for Mexico.
In addition, the UAE has an active diversification policy, which opens doors to multiple sectors to invest and collaborate in an easy, agile and secure manner.
Key Sectors for Collaboration:
The key sectors on which MBC will focus in the UAE have not yet been defined, since in this first stage the efforts will be focused on meeting the real needs of the Mexican community in the UAE.
However, the sectors that are believed to benefit the most in the first years are the following:
- Agribusiness and Food: Mexico is a world leader in agricultural and food production. The demand for fresh, high quality produce in the UAE offers an important opportunity for Mexican exporters, as well as for the supply of gourmet products offered in the restaurant sector.
- Tourism and Hospitality: The UAE is known for its world-class tourism sector. Mexico, with its rich cultural heritage and natural beauty, can attract Emirati tourists, while the UAE can offer unique experiences for Mexican travelers.
- Technology and Innovation: With a focus on digitalization and innovation, both countries can collaborate in the development of advanced technologies, such as artificial intelligence, blockchain and especially fintech.
Conclusions on the establishment of the Mexican Business Council in the UAE
The establishment of the Mexican Business Council in the UAE undoubtedly marks the beginning of a new stage of collaboration and economic growth between the two nations.
From the Mexican Business Council in the UAE, with a view to working with a new focus on supporting the Mexican business community and promoting bilateral business.
Mr. Villalona (Chairman of the Council) has reiterated on several occasions that the objective of the creation of the Council is to add real value to Mexican companies in the UAE.
As such, the Mexican Business Council in the UAE is destined to become an important springboard for businessmen and entrepreneurs from both countries.
As we move into the future, the opportunities for trade, investment and innovation between Mexico and the UAE will continue to expand and benefit both nations and strengthen their economic and cultural ties.
