206 billion dirhams trade between Dubai and Europe in 2024

Dubai Chambers discussed at its headquarters yesterday, the prospects for developing trade and investment cooperation between business societies in Dubai and the European Union countries, during a round discussion table organized by the participation of a high -level delegation from the European Commission, headed by the European Union Commissioner for Trade and Economic Security, Marush Shevchevic, noting that the meeting highlighted the strong economic relationship between Dubai and the European Union, where the value of the non -oil trade between the emirate and the member states of the Union reached 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, the emirate attracted, during the past year, 380 foreign direct investment projects worth 11.3 billion dirhams from the European Union countries, with a annual growth 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) reached about 9.5 billion dirhams, and contributed to the provision of about 8,000 job jobs in European markets.

The total number of active European companies registered with the room 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. 4,693 new European companies have joined the Dubai Chamber of Commerce membership only during the past year.

“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 the joint efforts to stimulate commercial and investment flows between the markets The common concern that corresponds to our goals in economic diversification. ”

He added: «The round table meeting between the UAE and the European Union represents an important opportunity for business leaders and private sector representatives from both sides, to build long -term strategic relations, which will continue to upgrade trade flows and mutual investments to broader horizons.

For his part, the Chairman of the Board of Directors of Dubai Chambers of Dubai, Eng. Sultan bin Saeed Al -Mansouri, said during the meeting: “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 diverse 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 it is a strategic center that allows the European business community to benefit from the promising capabilities that local and regional markets abound.”

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The UAE and the European Union continue to negotiate the comprehensive economic partnership agreement

The Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al -Zyoudi, welcomed the European Union for Trade and Economic Security, Marush Shevchevic, when he visited and accompanying the UAE to continue talks on the holding of the comprehensive economic partnership agreement between the UAE and the European Union.

Al -Zyoudi stressed the importance of the comprehensive economic partnership agreement with the European Union, in raising the strategic relations between the two sides commercially and investing.

He said: “The negotiations of the comprehensive economic partnership agreement between the UAE and the European Union represent an important station in the march of Emirati European relations,” adding: “This agreement is of great importance to the UAE and the European Union together, and represents a distinguished opportunity to enhance trade and investment, and support cooperation that will achieve mutual benefits and common prosperity.”

For his part, Shivchovic said, “The European Union is a reliable commercial partner that respects the agreements that conclude it, and it is natural that we seek to consolidate our trade and investment relations with old and reliable partners such as the UAE.” On both sides, concrete and durable benefits are achieved for business community, as well as the ability to explore and provide opportunities. ”

The agreement between the UAE and the European Union can open additional opportunities prospects, including a $ 50 billion deal to establish a data intelligence center with France, and an obligation of $ 40 billion within the energy and defense sectors in Italy.

. 15.2 thousand European companies registered in the membership of the Dubai Chamber of Commerce at the end of the first quarter 2025.