Dubai Chambers are looking to cooperate with the European Union and 380 projects from the Union countries in the emirate during 2024

Dubai, May 28 / WAM / Dubai Chambers discussed at its headquarters today the prospects for developing trade and investment cooperation between business societies in Dubai and European Union countries, during a round discussion table organized by the participation of a delegation of the European Commission headed by His Excellency Marush Shevchevic, the European Union Commissioner for Trade and Economic Security.
The round discussion table was attended by His Excellency Eng. Sultan bin Saeed Al Mansouri, Chairman of the Board of Directors of Dubai Chambers, His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, His Excellency Lucy Burger, European Union Ambassador to the State, His Excellency Mohamed Ali Rashid Lootah, Director General of Dubai Chambers, Lyon Delvo, Director of the General Directorate of Trade and Economic Security in the European Commission in addition to the private sector representatives in Dubai and the European Union.
His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade said that the European Union is one of the main pillars of the global economy, and the second largest commercial partner for the UAE around the world, and while we are working to accelerate joint efforts to stimulate commercial and investment flows between the markets The common concern that corresponds to our goals in economic diversification.
His Excellency added that the round table meeting between the UAE and the European Union is an important opportunity for business leaders and private sector representatives from both sides to build long -term strategic relations that will continue to upgrade trade and mutual investment flows to broader horizons.
His Excellency Eng. Sultan bin Saeed Al Mansouri said during the meeting that Dubai is related to the European Union with deep and established economic ties based on achieving common interests and aspirations, and commitment to building a diversified and sustainable economy, and the discussion table is a strategic step aimed at enhancing cooperation in all vital sectors of common concern.
He added, “We are committed to supporting European companies and enabling them to grow through the start and expansion of Dubai as a strategic center that allows the European business community to benefit from the promising capabilities that local and regional markets abound.”
The round discussion table highlighted the strong economic relationship between Dubai and the European Union; Where the value of non -oil trade between Dubai and the member states of the European Union amounted to 206 billion dirhams in 2024 a growth of 8% on an annual basis.
In an indication of the increasing attractiveness of Dubai as a leading business center for companies and investors from the European Union, Dubai attracted during the past year 380 direct foreign investment projects worth 11.3 billion dirhams from the European Union countries, with an annual growth rate of 6.7% in the number of projects, and an increase of 106% in the value of investment projects compared to 2023.
The value of Dubai’s investments in the European Union countries during the past five years “2020-2024” about 9.5 billion dirhams, and contributed to the creation of about 8,000 job jobs in European markets.
The total number of active European companies registered with the chamber’s membership at the end of the first quarter of this year was 15,248 companies, with an annual growth of 27% compared to the first quarter of last year, and 4,693 new European companies joined the Dubai Chamber of Commerce membership only during the past year.

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