Dubai Chambers calls for strengthened cross-border economic cooperation
Dubai Chambers has successfully concluded the 13th edition of its Diplomatic Circle event, which brought together more than 100 ambassadors, consul generals, and commercial attachés stationed in the UAE.
Held annually, the meeting serves as a platform to advance cross-border economic cooperation.
During the event, Dubai Chambers shed light on the promising outlook for the national economy across diverse sectors and explored ways to strengthen international trade and investment ties through constructive dialogue.
The discussions reaffirmed Dubai's strong commitment to collaboration and strategic partnerships that support mutual development goals.
During his welcome address, Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, highlighted the vital role of close collaboration with the diplomatic community in fostering meaningful partnerships.
He emphasised the importance of strengthening cooperation between Dubai and nations across the globe in key areas, including trade, economic development, and investments.
Al Mansoori stated, 'The Diplomatic Circle reflects our shared commitment to strengthening global economic ties and advancing trade and investment cooperation towards broader horizons. Our relationships with diplomatic missions are built on collaborative efforts that align with Dubai's vision and serve mutual interests, contributing to increased trade flows, investment attraction, and the strengthening of bilateral economic partnerships. This ultimately reinforces Dubai's global investment appeal.'
He added that Dubai's economy is progressing steadily, powered by its integrated strengths—especially its strategic global partnerships that foster close collaboration. These connections link business communities and create shared growth opportunities, forming a solid foundation for expanding trade and investment. Dubai Chambers continues to strengthen these ties through its 34 international offices, which help open new trade routes, ease market entry, and support business growth.
The meeting featured a panel discussion on the National Investment Strategy 2031, during which Mohammed Abdul Rahman Al Hawi, Under-Secretary of the Ministry of Investment, presented the key pillars of the strategy.
He outlined the goal of positioning the UAE as a leading global investment destination by 2031 and a strategic hub for foreign direct investment, with a focus on priority sectors.
Meanwhile, Dubai Chambers showcased in a presentation the chambers' key achievements during 2024. The presentation also highlighted some key programmes and initiatives across the three chambers operating under the Dubai Chambers umbrella, which include the Dubai Chamber of Commerce, Dubai Chamber of Digital Economy, and Dubai International Chamber.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hi Dubai
4 days ago
- Hi Dubai
Dubai Chamber of Commerce Strengthens Private Sector Dialogue in Second 2025 roundtable
Dubai Chamber of Commerce has hosted its second quarterly roundtable for Business Groups and Business Councils of 2025, reinforcing its role as a key connector between the private sector and government stakeholders. Held under the umbrella of Dubai Chambers, the meeting brought together members from sector-specific Business Groups and country-specific Business Councils. It served as a platform to explore economic growth opportunities, address policy developments, and align on strategies to enhance business competitiveness in Dubai. Participants were briefed on the Chamber's latest initiatives, including new programmes and long-term plans to support private sector success. Discussions also focused on emerging economic trends and fostering a regulatory environment that enables sustainable expansion. In the first quarter of 2025, the Chamber facilitated 55 meetings with Business Groups and Councils—an increase of 166% year-on-year. It also launched the Indonesian and Hungarian Business Councils to strengthen ties with businesses from both regions. The Chamber reviewed 10 laws and draft laws in collaboration with Business Groups during the same period. Private sector recommendations saw a 55% adoption rate, reflecting the impact of ongoing business advocacy efforts. Additionally, four joint meetings were held with key government entities to resolve industry-specific challenges. 'Strengthening the voice of private sector stakeholders through our Business Groups and Councils remains central to enhancing Dubai's business landscape,' said Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers. The Business Groups and Councils continue to play a vital role in shaping Dubai's business ecosystem, bridging the gap between the private sector and the government, and driving forward a collaborative approach to economic development. News Source: Emirates News Agency
Hi Dubai
4 days ago
- Hi Dubai
Dubai Chambers Strengthens Thai Ties as Investments Hit $626 Million
Direct Thai investments in Dubai have reached around $626 million over the past five years, according to Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, who reaffirmed the Emirate's growing economic ties with Thailand during a recent trade mission to Southeast Asia. Speaking at the 'Doing Business with Thailand' forum in Bangkok on May 29, Lootah announced the launch of a new Dubai International Chamber office in the Thai capital. The move, part of Dubai Chambers' 'New Horizons' initiative, aims to deepen collaboration with Thailand's private sector and open new avenues for trade and investment. Thailand is already one of Dubai's key trading partners in the ASEAN region. Non-oil trade between the two reached $6.5 billion in 2024, marking a 23% rise from $5.3 billion in 2023. Lootah highlighted this growth as a clear sign of the strengthening economic momentum between the two sides. The opening of the Bangkok office coincided with a broader trade mission involving 20 Emirati companies exploring market opportunities in Thailand. The initiative is part of Dubai Chambers' wider plan to establish 50 international representative offices by 2030 to support the global expansion of UAE businesses and bolster Dubai's position as a commercial hub. Lootah underscored the chamber's commitment to empowering local companies to access international markets, forge strategic partnerships, and contribute to Dubai's long-term economic goals. News Source: Emirates News Agency
Arabian Business
5 days ago
- Arabian Business
Dubai looks to boost economic ties to Thailand as trade soars to $6.5bn
Thai investments in Dubai have reached approximately $626m over the past five years, according to Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. He expressed optimism that these figures will continue to grow, supported by ongoing efforts to strengthen economic relations between Dubai and Thailand, including the recent opening of a new Dubai International Chamber representative office in the Thai capital, Bangkok. Lootah said the new office is part of the Dubai Chamber of Commerce's 'New Horizons' trade mission to Southeast Asia. Dubai-Thailand investments He described it as a strategic move to enhance the UAE business community's presence in the Thai market and to expand trade and investment opportunities with this dynamic economy. Lootah said that Thailand is among Dubai's leading trading partners in the ASEAN region. He said: 'Through this on-ground presence, we aim to deepen ties with the private sector and strengthen collaboration between the two sides'. He also noted a significant increase in non-oil trade between Dubai and Thailand in recent years, which grew by 23 per cent to $6.5bn in 2024, up from approximately $5.3bn in 2023. This reflects the growing momentum in bilateral economic ties and underlines the strategic importance of the Thai market within Dubai Chambers' global expansion plans. The Bangkok office launch coincided with the trade mission and included 20 Emirati companies, which were introduced to Thailand's investment environment and market opportunities, with the aim of boosting commercial ties and supporting the international expansion plans of UAE businesses. Lootah emphasised that the Bangkok office is the latest addition to Dubai Chambers' expanding network of international offices, which aligns with the chamber's strategy to open 50 representative offices worldwide by 2030. This effort is intended to support Dubai's goals of broadening its foreign trade and cementing its position as a global hub for commerce and investment. He also reaffirmed Dubai Chambers' commitment to enabling local companies to access global markets and forge strategic partnerships that align with the emirate's economic vision and support the sustainability and growth of its key sectors.
