Dubai Chambers Strengthens Trade and Investment Ties with the European Union
Dubai Chambers hosted a high-level roundtable on Wednesday with senior European Union officials to deepen trade and investment cooperation between Dubai and EU member states.
Led by Maroš Šefčovič, European Commissioner for Trade and Economic Security, the delegation met with top UAE officials including Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, and Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The meeting brought together public and private sector leaders from both regions to discuss strategic collaboration in sectors aligned with economic diversification.
Dr. Al Zeyoudi highlighted the EU's position as the UAE's second-largest trading partner, stressing the importance of building robust platforms for private-sector engagement. 'This roundtable is an opportunity to strengthen business ties and unlock new areas for growth,'
he said.
Al Mansoori reinforced Dubai's commitment to supporting European businesses and positioning the city as a gateway to broader markets. 'We are focused on fostering partnerships that support sustainable economic development on both sides,'
he noted.
Dubai's trade with EU countries reached AED 206 billion in non-oil transactions in 2024, marking an 8% annual increase. The emirate also attracted 380 FDI projects from EU nations last year, totaling AED 11.3 billion—a 106% surge in investment value.
Dubai's outbound investments into EU markets between 2020 and 2024 stood at AED 9.5 billion, generating 8,000 jobs. Meanwhile, membership of EU firms in the Dubai Chamber of Commerce rose by 27% year-over-year, with 4,693 new European companies joining in 2024 alone.
The roundtable underscores Dubai's role as a growing global hub for European investors seeking long-term strategic partnerships.
News Source: Emirates News Agency
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