Latest news with #NewHorizons'
Hi Dubai
a day ago
- Business
- 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
Hi Dubai
2 days ago
- Business
- Hi Dubai
Dubai International Chamber Opens New Office in Thailand to Boost Trade Ties
Dubai International Chamber has opened its 36th international office in Bangkok, reinforcing the emirate's strategic push to deepen economic ties with Thailand and expand Dubai's global trade footprint. The new office, inaugurated during the 'Doing Business with Thailand' forum, will serve as a hub for attracting Thai investments and guiding local businesses into the Dubai market. It is part of the Dubai Global initiative, which aims to position Dubai as a leading destination for foreign companies, talent, and investors. 'The launch of our new office in Bangkok further strengthens Dubai's global connectivity,' said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. 'It will unlock new opportunities for Thai companies and support Dubai's role as a gateway for international expansion.' The forum, hosted in Bangkok as part of Dubai Chamber's 'New Horizons' trade mission to Southeast Asia, drew over 470 participants including senior officials and business leaders. The event facilitated 288 bilateral meetings between 20 Dubai-based companies and Thai firms across sectors like food and beverages, electronics, agriculture, and investment. Dubai-Thailand non-oil trade reached AED 23.8 billion in 2024, marking a 23.3% increase from the previous year. Meanwhile, Thai business presence in Dubai continues to rise, with 190 Thai companies registered with Dubai Chamber by the end of 2024 — a 28.4% annual increase. The chamber has identified several high-potential export opportunities from Dubai to Thailand, such as fertilisers, cosmetic products, and aluminium alloys, while investment prospects in Thailand span renewable energy, freight services, and medical tourism. The Bangkok office is expected to play a key role in facilitating strategic business partnerships and accelerating trade growth between the two economies. News Source: Emirates News Agency
Mid East Info
3 days ago
- Business
- Mid East Info
Dubai International Chamber launches 36th international representative office in Bangkok to boost trade and investments with Thailand
H.E. Mohammad Ali Rashed Lootah: 'The launch of our new office in Bangkok further strengthens Dubai's global connectivity and reaffirms our commitment to supporting businesses in expanding their international footprints.' Dubai's non-oil trade with Thailand exceeded AED 23.8 billion in 2024, achieving substantial YoY growth of 23.3%. The number of Thai companies registered as active members of Dubai Chamber of Commerce increased by 28.4% during 2024 to reach 190 by the end of the year. Dubai, UAE – Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has inaugurated its 36th representative office in Thailand. Located in Bangkok, the new office will play a key role in attracting businesses and investments from Thailand to Dubai and further strengthening the growing trade ties between the two markets. The chamber's office will work to deepen relationships with key public and private sector stakeholders and deliver a comprehensive range of support to the Thai business community, providing access to market intelligence, business matchmaking services, and strategic guidance on market entry. The launch supports the goals of the Dubai Global initiative, which aims to attract foreign companies, investors, and international talent to Dubai by showcasing the emirate's competitive advantages and enhancing bilateral engagement. His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'The launch of our new office in Bangkok further strengthens Dubai's global connectivity and reaffirms our commitment to supporting businesses in expanding their international footprints. The office will unlock new opportunities for Thai companies seeking to enter Dubai and leverage the city's strategic advantages as a gateway to global growth. Thailand remains an important partner in our efforts to cement Dubai's position as a hub for global trade and investment, and we are confident this step will generate significant opportunities for businesses in both markets.' Unlocking Opportunities in Thailand: The new office was inaugurated during the 'Doing Business with Thailand' forum, which was organised as part of Dubai Chamber of Commerce's 'New Horizons' trade mission to Southeast Asia. Hosted in Bangkok, the forum was attended by more than 474 participants including senior officials, business leaders and Thai companies interested in exploring partnership opportunities with the chamber's delegation. The trade mission attracted the participation of 20 Dubai-based companies operating across diverse sectors including food and beverages, human resources, trading, electronics, hospitality, industrial lubricants, investment, and agriculture. The chamber successfully coordinated 288 bilateral business meetings between members of the Dubai delegation and companies from Thailand. The forum was organised by Dubai Chamber of Commerce in collaboration with the Thailand Board of Investment. Special remarks were delivered by Gongsakdi, Secretary to the Minister of Foreign Affairs of the Kingdom of Thailand and Potnvit Silaon, Deputy Director General, Department of International Trade Promotion. The event also featured speeches from H.E. Obaid Saeed Obaid Bintaresh Aldhaheri, Ambassador of the United Arab Emirates to the Kingdom of Thailand, and Dr. Poj Aramwattananont, Chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand. During the business forum, Salem Al Shamsi, Vice President of International Relations at Dubai Chambers, delivered a detailed presentation on Dubai's economic landscape, highlighting the emirate's unique competitive advantages for businesses and investors. The forum also featured a dedicated session with representatives from Thailand's Board of Investment, which provided insights into the local business environment and explored promising investment opportunities. The forum aimed to build on the expanding economic ties between Dubai and Thailand. Non-oil bilateral trade exceeded AED 23.8 billion during 2024, achieving substantial year-over-year growth of 23.3%. The number of Thai companies registered as active members of Dubai Chamber of Commerce increased by 28.4% during 2024 to reach 190 by the end of the year, underlining the growing engagement between the business communities in the two markets. Dubai Chamber of Commerce has identified a number of high-potential export products from Dubai to Thailand, including livestock feed, fertiliser, flat-rolled iron/steel, unwrought aluminium alloys, and cosmetic products. In terms of investment opportunities for Dubai-based companies in Thailand, key sectors include rental and leasing services, renewable energy, freight and distribution services, and medical tourism. About: Dubai International Chamber, one of three chambers operating under the umbrella of Dubai Chambers, was established to promote Dubai as a global business hub, attract multinational companies, and expand the emirate's trade ties with promising markets. The chamber has a mandate to meet His Highness Sheikh Mohammed's ambition to increase Dubai's foreign trade from AED 1.4 trillion to AED 2 trillion by 2026
Web Release
3 days ago
- Business
- Web Release
Dubai International Chamber launches 36th international representative office in Bangkok to boost trade and investments with Thailand
Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has inaugurated its 36th representative office in Thailand. Located in Bangkok, the new office will play a key role in attracting businesses and investments from Thailand to Dubai and further strengthening the growing trade ties between the two markets. The chamber's office will work to deepen relationships with key public and private sector stakeholders and deliver a comprehensive range of support to the Thai business community, providing access to market intelligence, business matchmaking services, and strategic guidance on market entry. The launch supports the goals of the Dubai Global initiative, which aims to attract foreign companies, investors, and international talent to Dubai by showcasing the emirate's competitive advantages and enhancing bilateral engagement. His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'The launch of our new office in Bangkok further strengthens Dubai's global connectivity and reaffirms our commitment to supporting businesses in expanding their international footprints. The office will unlock new opportunities for Thai companies seeking to enter Dubai and leverage the city's strategic advantages as a gateway to global growth. Thailand remains an important partner in our efforts to cement Dubai's position as a hub for global trade and investment, and we are confident this step will generate significant opportunities for businesses in both markets.' Unlocking Opportunities in Thailand The new office was inaugurated during the 'Doing Business with Thailand' forum, which was organised as part of Dubai Chamber of Commerce's 'New Horizons' trade mission to Southeast Asia. Hosted in Bangkok, the forum was attended by more than 474 participants including senior officials, business leaders and Thai companies interested in exploring partnership opportunities with the chamber's delegation. The trade mission attracted the participation of 20 Dubai-based companies operating across diverse sectors including food and beverages, human resources, trading, electronics, hospitality, industrial lubricants, investment, and agriculture. The chamber successfully coordinated 288 bilateral business meetings between members of the Dubai delegation and companies from Thailand. The forum was organised by Dubai Chamber of Commerce in collaboration with the Thailand Board of Investment. Special remarks were delivered by Gongsakdi, Secretary to the Minister of Foreign Affairs of the Kingdom of Thailand and Potnvit Silaon, Deputy Director General, Department of International Trade Promotion. The event also featured speeches from H.E. Obaid Saeed Obaid Bintaresh Aldhaheri, Ambassador of the United Arab Emirates to the Kingdom of Thailand, and Dr. Poj Aramwattananont, Chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand. During the business forum, Salem Al Shamsi, Vice President of International Relations at Dubai Chambers, delivered a detailed presentation on Dubai's economic landscape, highlighting the emirate's unique competitive advantages for businesses and investors. The forum also featured a dedicated session with representatives from Thailand's Board of Investment, which provided insights into the local business environment and explored promising investment opportunities. The forum aimed to build on the expanding economic ties between Dubai and Thailand. Non-oil bilateral trade exceeded AED 23.8 billion during 2024, achieving substantial year-over-year growth of 23.3%. The number of Thai companies registered as active members of Dubai Chamber of Commerce increased by 28.4% during 2024 to reach 190 by the end of the year, underlining the growing engagement between the business communities in the two markets. Dubai Chamber of Commerce has identified a number of high-potential export products from Dubai to Thailand, including livestock feed, fertiliser, flat-rolled iron/steel, unwrought aluminium alloys, and cosmetic products. In terms of investment opportunities for Dubai-based companies in Thailand, key sectors include rental and leasing services, renewable energy, freight and distribution services, and medical tourism.
Mid East Info
5 days ago
- Business
- Mid East Info
Dubai Chamber of Commerce organises 180 bilateral business meetings in Manila to strengthen trade relations between Dubai and the Philippines
Salem Al Shamshi: 'Our trade mission to the Philippines comes as part of our ongoing drive to enable meaningful international expansion for local companies and strengthen investment ties with business communities worldwide.' Non-oil trade between Dubai and the Philippines reached a value of AED 3.1 billion in 2024. A total of 2,154 businesses from the Philippines were registered as active members of Dubai Chamber of Commerce at the end of 2024, reflecting annual growth of 37%. Dubai, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully organised 180 bilateral business meetings between companies from Dubai and their counterparts in the Philippines. The meetings in Manila marked the first stop of the chamber's trade mission to Southeast Asia, which includes both the Philippines and Thailand, and forms part of the 'New Horizons' initiative aimed at supporting the global expansion of local companies into promising international markets. The trade mission to the Philippines featured representatives from 17 private sector companies in Dubai, spanning a diverse range of sectors including food and beverages, agriculture, automotive, construction, electronics, hospitality, human resources and services, industrial lubricants, investment, and perfume retail. Salem Al Shamsi, Vice President of International Relations at Dubai Chambers, said: 'We are dedicated to fostering new avenues for trade between Dubai and high-potential global markets. Our trade mission to the Philippines comes as part of our ongoing drive to enable meaningful international expansion for local companies and strengthen investment ties with business communities worldwide. These efforts enhance Dubai's position as a global trade hub and contribute to the sustained growth of its non-oil exports.' As part of the mission, Dubai Chamber of Commerce hosted a business forum in Manila entitled 'Doing Business with the Philippines' The event was hosted in collaboration with the Embassy of the United Arab Emirates in Manila, the Philippine Chamber of Commerce and Industry, the Philippines Board of Investment, the Department of Trade and Industry (DTI) – Export Marketing Bureau, and the Consulate General of the Philippines in Dubai. The forum featured remarks from H.E. Mohamed Obaid Al Qataam Al Zaabi, UAE Ambassador to the Republic of the Philippines; H.E. Enunina V. Mangio, President of the Philippine Chamber of Commerce and Industry; and Ms. Ma. Anna Kathryna Yu-Pimentel, Special Envoy to the United Arab Emirates for Trade and Investment. During the forum, which was attended by 314 participants, Dubai Chambers signed a Memorandum of Understanding with the Philippine Chamber of Commerce and Industry to enhance cooperation, strengthen bilateral trade relations, and explore new areas of collaboration between the business communities in Dubai and the Philippines. Dubai Chambers also delivered a presentation showcasing Dubai's strategic advantages as a global business hub, highlighting potential areas for cooperation between the two markets and the competitive value proposition Dubai offers to Filipino companies. Non-oil trade between Dubai and the Philippines reached a value of AED 3.1 billion in 2024. The number of active Filipino companies registered with Dubai Chamber of Commerce reached 2,154 by the end of last year, representing year-over-year growth of approximately 37%. Dubai Chamber of Commerce has identified several high-potential export sectors from Dubai to the Philippines, including leather, car parts, fertilisers, flat-rolled iron/steel, organic chemicals, and flooring materials. The chamber also highlighted promising sectors for Dubai-based companies to invest in within the Philippines, including tourism, agri-industries, telecommunications, logistics, and healthcare. About Dubai Chamber of Commerce: Established in 1965, Dubai Chamber of Commerce continues to represent, support, and protect the interests of the business community in Dubai, create a stimulating business environment, and promote the emirate as a global business hub. The chamber is one of three chambers operating under the umbrella of Dubai Chambers, which was restructured under a decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
