DUBAI: Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully concluded its trade mission to Serbia and Trkiye as part of the ‘New Horizons’ initiative.
The chamber signed seven Memorandums of Understanding in Trkiye and arranged 243 bilateral business meetings in Istanbul between companies from Dubai and Trkiye to explore opportunities for business growth and economic partnerships in both markets.
Dubai Chambers signed MoUs with the Union of Chambers and Commodity Exchanges of Trkiye (TOBB), the Independent Industrialists and Businessmen Association (MUSIAD), the Foreign Economic Relations Board of Trkiye (DEIK), Istanbul Chamber of Commerce (ICOC), Ankara Chamber of Commerce, Ankara Chamber of Industry, and the Turkish Industry and Business Association (TÜSIAD).
The organisations will collaborate to arrange trade missions, conferences, and business events and engage in mutually beneficial sharing of knowledge and expertise to support growth
and innovation. The MoUs also encompass the exchange of information, consultations, and opportunities for bilateral cooperation in the fields of business and investment policies.
The mission’s activities in Istanbul included a special business forum titled ‘Doing Business with Trkiye,’ which was organised by Dubai International Chamber in cooperation with the UAE Consulate in Istanbul together with the TOBB, ICOC, and the Independent Industrialists and Businessmen Association (MUSIAD).
The forum featured speeches by Mustafa Tuzcu, Deputy Minister of Trade of Trkiye; Saeed Saqer AlMheiri, UAE Consul-General in Istanbul; and Ali Kopuz, Vice President of the TOBB.
The event attracted 254 participants including senior officials, business leaders, and local companies interested in exploring potential partnerships with members of the chamber’s delegation.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, “Dubai has growing economic ties with Trkiye, and we look forward to driving the g
rowth of trade and investments following the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Trkiye last year.”
He added that this trade mission will contribute to enhancing bilateral business connections and expand the scope of investment and commercial opportunities between companies from Dubai and Trkiye.
The value of non-oil trade between Dubai and Trkiye achieved year-over-year growth of 106.9% in 2023, increasing from AED61.1 billion to AED126.4 billion.
The number of Turkish companies registered as active members of the Dubai Chamber of Commerce stood at 3,258 at the end of H1 2024, 625 of which joined during the first six months of the year. This represents an increase of 33% compared to 470 new companies that joined during H1 2023.
As part of the business forum, the chamber delivered an informative presentation on Dubai’s trade and economic landscape, highlighting the emirate’s competitive advantages for Turkish companies.
In addition, an insightful panel discussio
n discussed the opportunities available in the Turkish market for companies from Dubai, together with valuable guidance for businesses and investors.
The trade mission delegation featured representatives from 16 private sector companies from Dubai operating across diverse sectors, including electronics, food and beverages, pipeline products, information technology, brand protection, technology, airport services, retail, textiles, and energy and mobility solutions.
Source: Emirates News Agency