Costa Rica announces plan for new embassy in Dubai

Meeting with H.E Luis Guillermo Solís Rivera President of Costa Rica, Costa Rica, October 3rd 2017. Dubai Trade Mission to Costa Rica. photos:@rosanchezphoto

Staff Report

Dubai: Costa Rica has announced plans to launch a new embassy in Dubai which will aim to enhance economic cooperation and boost trade and investment flows between the Latin American country and the Emirate.

Manuel Gonzalez Sanz, Costa Rica’s Minister of Foreign Affairs and Worship, made the announcement during a meeting in San Jose which was attended by a delegation led by the Dubai Chamber of Commerce and Industry.

The new trade office will be hosted by Dubai Chamber and serve as a platform for promoting bilateral ties and identify opportunities in the Dubai market that Costa Rican companies can benefit from.

He also revealed that a high-level delegation from Costa Rica will be visiting the UAE next month in cooperation with the Export Promotion Agency of Costa Rica (PROCOMER).

During the meeting, Hamad Buamim, President and CEO of Dubai Chamber, welcomed the announcement from the Costa Rican foreign minister and noted that the opening of the trade office will help improve bilateral relations, and explore potential for boosting Costa Rican exports to Dubai.

Buamim revealed that Dubai’s non-oil trade with Costa Rica reached $23 million in 2016, adding that this volume will likely grow following the opening of the new trade office.

Luis Guillermo Solís Rivera, President of the Republic of Costa Rica, welcomed the visiting delegation from Dubai during a separate meeting at the Presidential Palace. He lauded Dubai’s expertise in executing mega projects and said that Costa Rica’s business community could benefit from the emirate’s expertise in this area.

The Costa Rica’s President identified hospitality, tourism, infrastructure logistics, and food industry, as key areas where Costa Rica and Dubai-based businesses can enhance their cooperation.

Majid Saif Al Ghurair, Chairman of Dubai Chamber, stressed the importance of the visit in building bridges between the Costa Rica and UAE business communities. He described Costa Rica as an ideal trade partner, given its thriving food industry and status a leading agricultural exporter.

Dubai Chamber’s Chairman encouraged Costa Rican companies to participate in Expo 2020, adding that they stand to greatly benefit from the global platform and exposure that the mega event can provide them. He also invited Costa Rican companies to participate in the Global Business Forum on Latin America, which will be organised by the Chamber and held in the emirate during the first quarter of 2018.