626 million dollars the value of Thai investments in Dubai within 5 years

Mohamed Ali Rashid Lootah, Director General of Dubai Chambers, said that the volume of direct Thai investments in the Emirate of Dubai amounted to about 626 million dollars during the past five years, expressing his optimism about the rise in these numbers during the coming period, in light of the ongoing efforts to strengthen economic relations between Dubai and Thailand, and the opening of a new representative office for the Dubai World Chamber in the Thai capital, Bangkok.

“The opening of the new office comes within the” new horizons of external expansion “organized by the Chamber, and it constitutes a strategic step to support the presence of the Emirati business community in the Thai market, and expand opportunities for trade and investment exchange with this market with this market The vital.

He pointed out that the non -oil trade between Dubai and Thailand has witnessed remarkable growth in recent years, and increased 23% to about 6.5 billion dollars in 2024 compared to about 5.3 billion dirhams in 2023, which reflects the growing momentum in economic relations, and stresses the importance of the Thai market within the priorities of the expansion room.

Lootah confirmed that the opening of the new office came in conjunction with the commercial mission to Bangkok, and included 20 Emirati companies, during which these companies were introduced to the investment environment and the available opportunities in Thailand, with the aim of enhancing commercial links and supporting external expansion plans for Emirati companies.

He explained that the Bangkok office is a new episode in the chain of international offices that Dubai Chambers open around the world within its strategy to establish 50 external representative offices by 2030, which contributes to supporting Dubai’s plans to expand its foreign trade and establish its position as a global trade and investment center. Lootah emphasized the commitment of Dubai Chambers to provide all means that can enable the emirate companies to reach international markets, establish strategic partnerships that keep pace with Dubai’s economic aspirations, and to promote the sustainability and growth of its vital sectors.