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Hi Dubai
6 days ago
- Business
- Hi Dubai
Dubai Chambers Organises Dubai–Madagascar Business Forum
Dubai Chambers hosted a high-level delegation of 60 Malagasy companies at its headquarters today, marking a major step forward in strengthening economic relations between Dubai and Madagascar. The Dubai–Madagascar Business Forum brought together top government officials, ministers, and business leaders from both sides. The event was held in the presence of Andry Rajoelina, President of Madagascar, who expressed his country's strong interest in expanding bilateral cooperation across key sectors. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, welcomed the delegation alongside President and CEO Mohammad Ali Rashed Lootah and several representatives from Dubai's private sector. Al Mansoori highlighted the 90% surge in non-oil trade between the two markets in 2024, which jumped from AED 692 million in 2023 to AED 1.3 billion. He also pointed to the upcoming launch of Emirates Airlines' direct flights to Antananarivo in September 2024 as a major enabler for future trade, tourism, and business growth. In his address, President Rajoelina praised Dubai's global economic standing and reiterated Madagascar's commitment to enhancing ties in sectors such as tourism, logistics, real estate, technology, and financial services. Lootah presented a detailed overview of investment opportunities in Dubai, encouraging Malagasy companies to explore the emirate's diverse and rapidly growing economic landscape. The forum underscored a shared commitment to driving sustainable economic partnerships and unlocking new avenues for collaboration between the two business communities. News Source: Emirates News Agency
Web Release
7 days ago
- Business
- Web Release
Dubai Chambers showcases Dubai's competitive advantages to 60 companies from Madagascar in the presence of Madagascar President
By Editor_wr Last updated May 27, 2025 Dubai Chambers has welcomed a delegation of 60 companies from Madagascar to explore investment opportunities and potential business partnerships during the Dubai–Madagascar Business Forum, which was held today at its headquarters. The event reaffirmed the significance of strengthening economic ties between Dubai and Madagascar and focused on advancing cooperation across high-potential trade and investment sectors. The forum was held in the presence of H.E. Andry Rajoelina, President of the Republic of Madagascar, who led a high-level delegation featuring ministers, senior government officials, and business leaders from Malagasy enterprises. The delegation was received by H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, and H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, together with representatives from Dubai's private sector. In his keynote address, H.E. President Rajoelina praised Dubai's remarkable global economic status and reaffirmed his country's interest in deepening bilateral relations across several priority sectors. During his welcome address at the forum, H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, stated: 'The steady growth in economic ties between Dubai and Madagascar reflects our shared commitment to strengthening bilateral partnerships and exploring new opportunities for impactful cooperation that support sustainable economic growth. The launch of Emirates Airlines' direct service to Antananarivo, Madagascar's capital, in September 2024 marked a significant milestone in boosting bilateral trade, tourism, and collaboration.' H.E. Al Mansoori added: 'Dubai's non-oil trade with Madagascar increased by 90% during 2024, growing from AED 692 million in 2023 to reach AED 1.3 billion. This significant leap reflects the expanding momentum of bilateral economic relations. We are committed to providing comprehensive support to develop relationships and partnerships between the business communities in Dubai and Madagascar, highlighting ways to capitalise on promising opportunities within vital sectors of mutual interest.' During the forum, H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, delivered a comprehensive presentation outlining promising sectors for bilateral investment and trade collaboration. H.E. Lootah highlighted key investment opportunities available in Dubai for businesses and investors from Madagascar across key sectors including tourism, entertainment, logistics, real estate, information technology, and financial services. Prev Post Fenerbahçe Beko wins Turkish Airlines EuroLeague Final Four Comments are closed.
Mid East Info
7 days ago
- Business
- Mid East Info
Dubai Chambers showcases Dubai's competitive advantages to 60 companies from Madagascar in the presence of Madagascar President
H.E. Eng. Sultan bin Saeed Al Mansoori: 'The steady growth in economic ties between Dubai and Madagascar reflects the commitment of both sides to strengthen bilateral partnerships and explore new opportunities for impactful cooperation.' 'The launch of direct flights by Emirates to Antananarivo in 2024 marked a significant milestone in boosting bilateral trade, tourism, and collaboration.' 'Dubai's non-oil trade with Madagascar increased by 90% during 2024, reaching a value of AED 1.3 billion.' Dubai, UAE – Dubai Chambers has welcomed a delegation of 60 companies from Madagascar to explore investment opportunities and potential business partnerships during the Dubai–Madagascar Business Forum, which was held today at its headquarters. The event reaffirmed the significance of strengthening economic ties between Dubai and Madagascar and focused on advancing cooperation across high-potential trade and investment sectors. The forum was held in the presence of H.E. Andry Rajoelina, President of the Republic of Madagascar, who led a high-level delegation featuring ministers, senior government officials, and business leaders from Malagasy enterprises. The delegation was received by H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, and H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, together with representatives from Dubai's private sector. In his keynote address, H.E. President Rajoelina praised Dubai's remarkable global economic status and reaffirmed his country's interest in deepening bilateral relations across several priority sectors. During his welcome address at the forum, H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, stated: 'The steady growth in economic ties between Dubai and Madagascar reflects our shared commitment to strengthening bilateral partnerships and exploring new opportunities for impactful cooperation that support sustainable economic growth. The launch of Emirates Airlines' direct service to Antananarivo, Madagascar's capital, in September 2024 marked a significant milestone in boosting bilateral trade, tourism, and collaboration.' H.E. Al Mansoori added: 'Dubai's non-oil trade with Madagascar increased by 90% during 2024, growing from AED 692 million in 2023 to reach AED 1.3 billion. This significant leap reflects the expanding momentum of bilateral economic relations. We are committed to providing comprehensive support to develop relationships and partnerships between the business communities in Dubai and Madagascar, highlighting ways to capitalise on promising opportunities within vital sectors of mutual interest.' During the forum, H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, delivered a comprehensive presentation outlining promising sectors for bilateral investment and trade collaboration. H.E. Lootah highlighted key investment opportunities available in Dubai for businesses and investors from Madagascar across key sectors including tourism, entertainment, logistics, real estate, information technology, and financial services. About Dubai Chambers: Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.
