AusBG Board Update
I think we can all agree, it’s been a big year for Australian’s and Australian businesses. Bushfires, floods, and coronavirus have seen us all operating far from business as usual, all of us digging deep and moving forward with resilience. This Ramadan and Eid have been remarkably different and we’ve missed seeing our Australian Alumni at AusBG and Embassy annual Iftar, but we look forward to gathering again in the not too distant future.
At Australian Business Group, amongst the webinars, we’ve been busy representing our members and ensuring our collective voice is heard. This month, our chairperson Kate Midttun has met with Abu Dhabi Investment Office, Abu Dhabi Department of Economic Development and Abu Dhabi Chamber of Commerce and Industry alongside AmCham, British Business Group and Canadian Business Council to discuss the matters most critical for our member businesses. The discussions have been encouraging, with many of the points being immediately taken forward and actioned. Points for discussion have been around access to funding, removal of the requirement for bid bonds and performance bonds, the possibility of further stimulus packages and more reforms. The conversations are ongoing and will extend to other departments and ministries to ensure impact and support for Australian Business Group members. We invite you to reach out to us to discuss what government measures would provide meaningful support to your business at this time.
In addition, we have conducted a survey to get a snapshot of how Australian businesses are responding to the crisis. This is in part to provide constructive information for discussions with the UAE government entities, but also to understand how we can support your business. The results demonstrate that most businesses have already been impacted significantly and members are concerned about what is on the horizon for the rest of the year. AusBG is here to support and will tailor a programme of events to make sure our members have the tools and information they need. We will release a report later this week with the results so that you can have a better picture of where your business stands in the current situation.
This week, BIE have closed the committee voting for the change of dates for Expo 2020 Dubai and have confirmed the event will now run from 1 October 2021 to 31 March 2022, the name will remain as Expo 2020 Dubai despite the change of year. Previously having advised that the number of votes had passed the requisite number for the date to move, voting closed on 29th May and the date has now been confirmed. Given the change in trading patterns and turbulent economic and political environment at the moment, Expo 2020 Dubai will be a welcomed opportunity for businesses in the Middle East.
As we move through these challenging times together, we invite our members to reach out for support and discuss how the Australian Business Group can help you. Over the past weeks, we have offered support through promoting members through our social media channels, connecting members to potential business prospects, and providing advice and introductions for GCC deals. If we can be of any support to you or your business, please don’t hesitate to reach out to Annissa Taylor or one of our board members, we are glad to be here to support you.
Stay safe and well,
The Australian Business Group Team