Tadashie participates as a key logistics service provider at the fourth edition of GBF -LATAM 2022 inaugurated by H.E. Abdul Aziz Al Ghurair, Chairman, Dubai Chambers, an event hosted at the EXPO 2020 Dubai Exhibition Center. Also in attendance was H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. At the meet was over 800 delegates from across the globe to evaluate LATAM’s key strategic directives.
LatAm’s growth sectors displays an impressive potential by the percentage of executives surveyed who expects revenue to expand in 2022 (Source: Economist Impact survey)
Bilateral trade trends between LatAm and the GCC was showcased during the event, with imports sharply increasing between 2017 and 2019. Imports into the GCC from LatAm rose from US$9.6bn in 2016 to US$17.2bn in 2019, before falling to US$15.4bn in 2020. These imports consisted mainly of primary goods, particularly gold, meat, iron ore, cereals, sugar and coffee.
More than half of the GCC FDI in LatAm was estimated as directed towards logistics, distribution and transport companies, with a large share sourced from DP World, a UAE-headquartered port and logistics operator. Significant investments were also made into electricity and recycling infrastructure, led mostly by Saudi-based Abdul Latif Jameel.
As the event unfolded much stress was laid upon future partnerships between the two regions through bilateral trade and FDI. Among the 200 executives surveyed in LatAm, only 17% are selling products or services to the GCC, and just 6% are purchasing products from there. But there is a clear desire to increase the level of engagement. 48 % of LatAm respondents also expressed an interest in increasing their engagement with the GCC once the pandemic ends.
Tadashie Group met trade delegation from Laos
The Tadashie Team at GBF met with trade delegation from Laos comprising of companies from Special Economic Zones, Construction, Hospitality & Tourism, Agro Products suppliers and Logistics companies to discuss the trade relationship between UAE and Laos. Cooperation between various companies and Tadashie Group were discussed to enhance trade.
The Delegation from Laos supported by the Chamber of Commerce invited Tadashie Group to explore possibility to invest in the cold chain infrastructure in the country.