Latest news with #BinSalem
Hi Dubai
09-04-2025
- Business
- Hi Dubai
Indian Investors Lead Foreign Business Growth in UAE with 225,000 Companies
Indian investors have emerged as the top foreign business group in the UAE, with over 225,000 companies registered with UAE chambers of commerce by the end of Q1 2025, according to the Federation of UAE Chambers of Commerce and Industry. This milestone underscores the UAE's strong appeal as a global investment hub. Humaid Mohammed bin Salem, Secretary-General of UAE Chambers, attributed this surge in Indian business activity to the Comprehensive Economic Partnership Agreement (CEPA) signed between the two countries in May 2022. Bin Salem noted that CEPA has played a pivotal role in evolving UAE-India relations into a multi-dimensional partnership, with trade and business collaboration at its core. He highlighted that non-oil bilateral trade reached a record US$56.1 billion in CEPA's second year—a 10.1% rise from its first year. Looking ahead, the UAE and India aim to push bilateral trade to US$100 billion by 2030, further reinforcing their strategic economic alliance. 'The UAE Chambers is fully committed to deepening trade ties with India and supporting the growth of globally competitive business partnerships,' Bin Salem added. The figures reflect not only India's confidence in the UAE's investment landscape but also the broader vision of economic diversification and international collaboration driving the Emirates forward. News Source: Emirates News Agency
Zawya
09-04-2025
- Business
- Zawya
Indian investors lead list of Chambers of Commerce members in UAE
Mohammed bin Salem, Secretary-General of UAE Chambers, said the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India has contributed to strengthening the developing relations between the two countries and transforming them into a multi-dimensional partnership, with business being one of its fundamental pillars. He added that non-oil bilateral trade between the UAE and India reached a record US$56.1 billion in the second year of the CEPA's entry into force in May 2022, marking a 10.1 percent increase compared to the first year. Bin Salem stated that both countries are working to raise trade volumes to US$100 billion by 2030, reflecting the depth of their economic ties. He affirmed that the UAE Chambers remains committed to advancing UAE-India trade relations and boosting business collaboration to globally competitive levels.
