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Dubai has quickly emerged as a major hub for the financial services sector. Given its strategic location, friendly business environment, wonderful infrastructure, political stability and various other reasons, Dubai has been able to attract many top international banks and financial institutions. The specialized free trade zones structure provides the flexibility and adequate infrastructure appealing for many industries as they setup their base in the region.
As of last year, DS-Concept, a Germany headquartered trade finance firm, opened our office in the UAE to better serve our growing client base in the Middle East region and help the surging number of SME importers and exporters. Recently authorized by the Dubai Financial Services Authority (DFSA) as Category -2 firm, we have setup our office in the Dubai International Finance Centre (DIFC). With this new location, our firm is well positioned to ensure the support and success of the massive amount of SMEs in Dubai and surrounding regions.
At DS-Concept we aim to provide flexible and innovative trade finance solutions to traders, manufacturers, importers and exporters that are otherwise neglected by banks and other lenders. Many of our clients are pushing the boundaries of international trade and are exporting to markets that are classified as too risky by some of our industry peers.
South-South trade is surely included in this category of “risky” cross-border transactions. South-South cooperation is a term historically used by policymakers and academics to describe the exchange of resources, technology and knowledge between developing countries. South-South trade brings major opportunities for many SME importers and exporters. With 13 global offices, 4 of our offices are classified as in the Global South (China, Pakistan, Bangladesh and UAE).
At DS-Concept, we cover various key markets in the Global South trade including China, India, Pakistan, Bangladesh, South America, Africa and Middle East. In fact, a large chunk of our new and existing business is assisting fast growth companies involved in South-South trade. Whether we are financing trade between China-GCC countries, India-GCC countries or Latin America-GCC, our target clients are SMEs who are often simply neglected by traditional lenders.
It is the emerging markets like south-south trade and the emergence of new global cities like Dubai that are critical to the future of trade finance and our team is proud to be helping blaze the trail. As these economies rapidly change (for better and for worse) these economies will certainly rely on working capital solutions up and down the supply chain, from raw material to finished goods, to sustain growth while also remaining competitive in the global market place.
With over 15 years of global trade finance experience, combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world’s exporters.