Latest news with #SultanAlMansoori
Zawya
29-05-2025
- Business
- Zawya
Dubai Chambers hosts roundtable in the presence of European Commissioner for Trade and Economic Security to strengthen trade cooperation with the European Union
H.E. Dr. Thani Bin Ahmed Al Zeyoudi: 'The EU-UAE Investment Roundtable is an important opportunity for business leaders from across all industries to build the relationships that can drive trade and investment to even greater heights.' H.E. Eng. Sultan Bin Saeed Al Mansoori: 'Dubai and the European Union share deep-rooted economic ties built on common interests, mutual aspirations, and a joint commitment to developing a diversified and sustainable economy.' The value of non-oil trade between Dubai and EU countries reached AED 206 billion in 2024, representing year-over-year growth of 8%. Dubai attracted 380 foreign direct investment (FDI) projects from EU countries in 2024 with a value of AED 11.3 billion, achieving a 6.7% increase in project count and a 106% surge in investment value compared to 2023. Dubai's investments in EU countries between 2020 and 2024 reached a combined value of AED 9.5 billion and contributed to the creation of 8,000 jobs. 15,248 companies from EU countries were registered as active members of Dubai Chamber of Commerce at the end of Q1 2025, representing year-over-year growth of 27%. Dubai, UAE – Dubai Chambers explored prospects for enhancing trade and investment cooperation between Dubai and European Union countries today during a roundtable with a high-level delegation led by H.E. Maroš Šefčovič, European Commissioner for Trade and Economic Security. The roundtable was attended by H.E. Eng. Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers; H.E. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; H.E. Lucie Berger, Ambassador of the European Union to the United Arab Emirates; H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers; and Mr. Leon Delvaux, Director at the Directorate-General for Trade and Economic Security, together with representatives from Dubai and the European private sectors. H.E. Dr. Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, commented: 'The European Union is one of the main pillars of the global economy and our second-most important trade partner. As we accelerate efforts to bring our markets closer together, it is important we build the platforms for our private sectors to identify and explore areas for collaboration, particularly in sectors that align with our economic diversification objectives. The EU-UAE Investment Roundtable is an important opportunity for business leaders from across all industries to build the relationships that can drive trade and investment to even greater heights.' H.E. Eng. Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers, stated: 'Dubai and the European Union share deep-rooted economic ties built on common interests, mutual aspirations, and a joint commitment to developing a diversified and sustainable economy. Today's roundtable is designed to advance collaboration in high-potential sectors and identify new avenues for growth. We are committed to supporting European companies and enabling them to expand and thrive while leveraging Dubai as a strategic hub to access new opportunities across local and regional markets.' The roundtable highlighted the growing economic relations between Dubai and the EU. The total value of non-oil trade between Dubai and EU member states reached AED 206 billion in 2024, representing year-on-year growth of 8%. In a further indication of Dubai's growing appeal as a leading business hub for European investors, the emirate attracted 380 foreign direct investment (FDI) projects from EU countries last year, with a total value of AED 11.3 billion. This represents a 6.7% year-on-year increase in the number of projects and a remarkable 106% rise in the total value of investment projects. The total value of Dubai's investments in EU countries between 2020 and 2024 amounted to AED 9.5 billion, creating 8,000 jobs in European markets. A total of 15,248 companies from EU countries were registered as active members of Dubai Chamber of Commerce at the end of Q1 2025, representing year-over-year growth of 27%. In addition, 4,693 new European companies joined Dubai Chamber of Commerce during 2024. 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.
Zawya
27-05-2025
- Business
- Zawya
Dubai Chambers showcases Dubai's competitive advantages to 60 companies from Madagascar
Participants in business forum explored high-potential economic partnerships 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. Follow us on: For more information, please contact: Mohamad Mouzehem PR & Corporate Communications Email:
Zawya
21-05-2025
- Business
- Zawya
Dubai Business Forum Germany introduces German companies to investment opportunities aligned with the Dubai Economic Agenda
H.E. Eng. Sultan bin Saeed Al Mansoori: 'We are committed to empowering the German business community to capitalise on the diverse opportunities created by the Dubai Economic Agenda (D33), particularly in areas such as advanced industry, digital transformation, clean energy, and trade.' 'Germany ranks 15th among Dubai's largest global trading partners.' 'The value of non-oil trade between Dubai and Germany reached AED 39.7 billion in 2024, achieving year-over-year growth of 8%.' 'The number of new German companies that joined the Dubai Chamber of Commerce grew by 64% in 2024.' 25 speakers took part in 13 panel discussions highlighting Dubai's competitive advantages for German investors. Dubai, UAE – The Dubai Business Forum – Germany concluded today in Hamburg with the participation of 240 prominent German business leaders and investors, together with representatives from government entities and private sector companies from Dubai. The event served as a vital platform for German businesses to explore emerging opportunities created by the Dubai Economic Agenda (D33) in Dubai's future-facing economy. Held under the theme 'Innovate, Invest, Integrate: Forging a New Path for Dubai-German Economic Synergy,' the forum was organised by Dubai Chambers in collaboration with the Hamburg Chamber of Commerce as Strategic Partner, together with the Hamburg Representative Office Dubai and the German Emirati Joint Council for Industry & Commerce (AHK) as Supporting Partners. The event aims to attract German companies to Dubai and support German investors in capitalising on regional and global growth opportunities. The event featured 25 speakers across 13 in-depth panel discussions exploring ways to enhance ties between the business communities in Dubai and Germany. The sessions highlighted the vast potential of Dubai's economy, as well as the emirate's numerous competitive advantages and supportive and innovation-driven business ecosystem. Attendees learned more about how Dubai's strategic strengths are creating new investment opportunities for German and international businesses, reinforcing the emirate's position as a key commercial hub for accessing regional and global markets. A Shared Commitment to Innovation and Sustainable Growth During his opening remarks, His Excellency Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, stated: 'The strong relationship between Dubai and Germany is built on a shared commitment to innovation and sustainable growth. Trade and logistics continue to form the backbone of our economic ties. Germany currently ranks 15th among Dubai's top global trading partners, with non-oil bilateral trade reaching AED 39.7 billion in 2024 – an increase of 8% year-on-year.' His Excellency continued: 'The number of new German companies joining Dubai Chamber of Commerce grew by 64% in 2024, reflecting growing confidence among German businesses and investors in Dubai's position as a global hub for commerce. By the end of Q1 2025, the total number of active member companies from Germany had reached 2,719.' His Excellency added: 'The Dubai Business Forum – Germany serves as a strategic platform to advance trade and investment relations, paving the way for high-impact opportunities across future-facing sectors of the economy. We are committed to empowering the German business community to capitalise on the diverse opportunities created by the Dubai Economic Agenda (D33), particularly in areas such as advanced industry, digital transformation, clean energy, and trade.' Expanding Investment Collaboration Dubai Chambers organised a series of bilateral meetings between the Dubai delegation, which included representatives from government bodies, institutions, and private sector companies, and German business leaders and investors attending the forum. The meetings explored avenues for collaboration, fostered knowledge exchange, and enabled the development of innovative partnership models to support sustainable economic growth and global market expansion. Unlocking Bilateral Investment Opportunities One of the panel sessions during the forum focused on the future of bilateral investment opportunities between Dubai and Germany. Discussions explored how Dubai's progressive regulatory framework, tax advantages, and investment-driven incentives are fostering cross-border transactions and business growth between the UAE and Europe. Speakers highlighted accelerating momentum in mergers and acquisitions and private investment activity, with strategic partnerships driving expansion across high-growth sectors. The session also examined Dubai's appeal for multinational corporations and high-net-worth individuals, as well as the trends shaping the future of UAE-German business collaboration. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, participated in a session that explored Dubai's value proposition and the numerous competitive advantages the emirate offers for German companies across diverse sectors. His Excellency emphasised the roles of the chamber's initiatives and public-private collaboration in driving mutual interests. A Hub for Startups and Innovation Another session examined Dubai's growing appeal among venture capital firms and high-growth startups from Europe. The discussion focused on Dubai's evolution into a global startup powerhouse, driven by government-backed incentives, funding programmes, and its innovative regulatory sandbox approach. The emirate is continuing to attract entrepreneurs and innovators from around the world, accelerating innovation across sectors including fintech, healthtech, artificial intelligence (AI), and sustainability. A Gateway for German Industrial Growth A dedicated session explored Dubai's role as a strategic gateway to global growth for German industries. Speakers highlighted the strong synergies between Germany's globally recognised expertise in engineering, precision manufacturing, and industrial innovation, and the new wave of investment opportunities emerging from Dubai's D33 Agenda, which is focused on advancing growth, innovation, and sustainability. The emirate's advanced infrastructure, world-class logistics capabilities, and seamless connectivity to global supply chains, combined with its strong potential in green hydrogen, solar energy, and sustainability-focused projects, position Dubai as a significant partner for industrial collaboration. Pioneering the Future of Tech & Investment A dedicated session examined the future of technology and joint investments between Dubai and Germany. Discussions focused on Dubai's emergence as a global hub for AI, Web3, and digital assets, and how government-backed R&D funding is creating opportunities for German deep-tech startups in fields such as biotech, life sciences, and AI. Speakers also highlighted Dubai's appeal to companies in fintech, healthtech, and smart mobility, underpinned by a strong innovation ecosystem and a robust framework for intellectual property protection. Driving Digital Transformation Another session brought together leading economists and corporate executives to explore the key sectors driving foreign direct investment into Dubai, including real estate, tourism, e-commerce, and financial markets. Speakers highlighted how Dubai's financial market reforms and capital market incentives are enhancing access to capital and creating high-growth opportunities. The discussion also addressed the impact of digital trade and the experience economy on global commerce, and how businesses can leverage Dubai's strategic position to scale internationally. 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.
Zawya
06-05-2025
- Business
- Zawya
Dubai Chamber of Commerce members' exports, re-exports increased by 16.8% in Q1 2025
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced details of its key achievements during the first quarter of 2025. The impact achieved reflects the chamber's ongoing efforts to enhance Dubai's competitive business landscape and support the international expansion of companies operating in the emirate. The value of exports and re-exports by Dubai Chamber of Commerce members achieved year-over-year (YoY) growth of 16.8% to reach AED86 billion in Q1 2025. During the same period, the chamber issued 204,240 Certificates of Origin, representing an increase of 7% compared to Q1 2024. The chamber also issued and received 1,656 ATA Carnets with a combined value of around AED 984 million. A total of 18,160 new companies joined Dubai Chamber of Commerce during the three-month period, underlining Dubai's growing appeal as a global business hub with a fully integrated ecosystem. Dubai Chamber of Commerce successfully supported the expansion of 28 local companies into new global markets during Q1 2025, representing a 75% increase compared to the 16 companies supported during the same period last year. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, said, 'Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, we are continuing to strengthen our efforts to enhance the private sector's ability to drive sustainable growth in both local and international markets. The chamber's services and initiatives contribute positively to the increasing momentum of trade and investment flows between Dubai and the rest of the world.' He added, 'We remain committed to our pivotal role in supporting economic development by enhancing the competitiveness of Dubai's business environment and fostering constructive public-private partnerships. Through our activities, we are strengthening Dubai's agile, resilient, and sustainable economic model and empowering the business community to capitalise on future opportunities.' Dubai Chamber of Commerce, through its Business Advocacy sector, reviewed 10 laws and draft laws in collaboration with Business Groups during Q1 2025, with 55% of the private sector's recommendations adopted. A total of 55 meetings were held with Business Groups and Councils, including their annual general meetings, representing a 166% increase compared to Q1 2024. The chamber also coordinated four joint meetings between Business Groups and Councils and relevant government entities. In addition, Dubai Chamber of Commerce established the Indonesian Business Council and the Hungarian Business Council during the three-month period. The chamber received 45 mediation cases with a combined value of AED7.3 million, representing a 50% increase in case volume and a 232% rise in total value compared to Q1 2024. Participation in the chamber's business networking events also achieved YoY growth of 17% to reach 1,617 attendees. As part of its efforts to raise awareness among the business community about key legal and regulatory updates in diverse sectors, the chamber organised 10 legal awareness events during Q1 2025. These attracted 587 representatives from private sector companies operating across a broad range of industries, supporting compliance with laws and regulations and promoting the adoption of best practices.
