BRICS forum to be held in Dubai next month

In a bid to bolster economic relations between the five-nation grouping, for the first time ever, a business forum of BRICS nations will take place at Dubai Multi Commodities Centre on September 9.

The forum has been initiated and supported by embassies and consulates of Brazil, Russia, India, China and South Africa.

Igor Egorov, Chairman of the Dubai-based Russian Business Council (RBC), told news agency PTI, "We believe that meeting and discussing are central to economic and cultural growth and development, which is why we are pleased to present this platform for networking to all of the participants involved."

However, Kulwant Singh, President of Indian Business and Professional Council (IBPC), said that BRICS forum would serve as a platform to unveil a roadmap for the development of business activities.

“There will be a lot to share among the members of the five countries and exchange ideas of mutual interest,” he told PTI.

As per media reports, in order to improve the capacity to innovate and compete in the markets, the forum will facilitate all BRICS companies in UAE with opportunities to exchange technical knowledge and establish collective action plans.

"I think it is a perfect opportunity for people who want to share their ideas and join forces to do business with the BRICS countries. Such forums will ensure talent, opportunity, ideas and innovation is created," Singh further said.

"I commend the initiative of organizing a BRICS Business Forum in Dubai. As the BRICS group institutionally develops, independent public debate can help fostering the process," Paulo Cesar Meira de Vasconcellos, Brazilian ambassador to the UAE told the news agency.
Noting that the UAE is a hub, where companies and citizens from all BRICS countries converge, Paulo said the potential for bridging the business ties among these countries makes the UAE an ideal place to host these discussions.

The forum is organized by RBC along with the Indian Professional and Business Council, Indian Trade and Exhibition Centre, Chinese Business Council, South African Business Council and the Brazilian Trade Mission in the UAE.

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