DIFC Courts and Dubai Chambers to forge alliance

The Dubai International Financial Centre (DIFC) Courts signed an agreement with Dubai Chambers in October to forge a closer coalition in support of Dubai and the UAE’s economic ambitions. The agreement will promote collaboration across specific digital economy and mediation services provided by both organisations, as well as coordinated and aligned activities with international outreach.

The DIFC Courts is currently operating on a new roadmap for the years 2022-2024, which includes a strategic work plan that brings more national cohesion to the Courts’ projects and initiatives in line with the ‘D33’ economic agenda and the Dubai Digital Strategy. This in turn is providing effective support for both the federal and local Dubai strategic goals.

His Excellency Justice Omar Al Mheiri, Director, DIFC Courts, said, “The DIFC Courts continues to strengthen its partner ecosystem with entities across the public and private sectors and this agreement with Dubai Chambers helps further elevate aligned strategies and shared purpose towards key goals under the UAE 2031 Vision. Whilst the DIFC Courts has developed new directives to absorb the maturing needs of the regional legal community, the original and purest foundational mandate still remains; to promote Dubai and the UAE’s geographic position in the Gulf as a significant strategic advantage for international investors – a gateway bridging those working in South and East Asia, the Middle East, Europe, Africa, and the western hemisphere.

The increasingly international nature of the DIFC Courts’ caseload is a clear signal that international businesses with interests in the Middle East region consider the DIFC Courts to be their first choice for dispute resolution, fulfilling the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to establish the city as a global hub for business.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said, “We are pleased to strengthen our cooperation with the DIFC Courts through today’s agreement, which represents a significant step in further enhancing Dubai’s favourable business environment. By working closely with key partners in the public and private sectors, we aim to ensure the emirate remains a magnet for global companies and investors. We remain committed to fulfilling the ambitions of the wise leadership’s D33 economic agenda and cementing Dubai’s position as a leading global hub for business, trade, and investments.”