4112 Canadian companies registered in the membership of “Dubai Chamber” at the end of 2024 growing 29%

The total number of active Canadian companies registered in the membership of the Dubai Chamber of Commerce, at the end of last year, reached 4112 companies, with an annual growth of 29% compared to 2023.

A statement, on the occasion of the opening of the Dubai World Chamber, issued a new representative office in the Canadian city of Toronto, which is its first in North America, that the value of Dubai’s non -oil trade with Canada, during the past year, amounted to 10.2 billion dirhams.

In detail, the Dubai World Chamber, one of the three rooms operating under the umbrella of Dubai Chamber, opened yesterday, a new representative office in the Canadian city of Toronto, its first in North America, in a move that reflects the Chamber’s commitment to enhancing joint economic relations, and exploring commercial and investment opportunities between Dubai and Canada.

The opening of the office witnessed the participation of the Minister of International Trade in Canada, Mannder Sido, and the Chairman of the Board of Directors of Dubai Chambers, Sultan bin Saeed Al -Mansouri, in the presence of the State Ambassador to Canada, Abdul Rahman Ali Al -Neyadi.

The new office represents a basic step towards achieving the targets of the “Dubai Global” initiative to launch 50 international representative offices of the room by 2030, and this initiative aims to strengthen the role of Dubai as a leading global business center, attract foreign direct investment to the emirate, and support Dubai’s expansion in 30 priority markets worldwide.

Al -Mansouri said: “The opening of our new external office in Toronto represents an important step towards strengthening economic relations between Dubai and Canada, and the new office will be a strategic platform linking the companies of the two sides, and it facilitates the flow of inter -investment, and the opening of new channels for bilateral trade, as we are committed to supporting Canadian companies to benefit from the opportunities available in Dubai as a gateway to various global markets, and we are keen to enable the companies that are taken from Dubai to its headquarters from Explore new opportunities in the Canadian market. ”

The opening of the Toronto office comes at a time when commercial and economic relations between Canada and Dubai are a remarkable growth, as the value of Dubai’s non -oil trade with Canada during the past year was 10.2 billion dirhams, while the total number of active Canadian companies registered in the membership of the Dubai Chamber of Commerce at the end of last year reached 4112 companies, with an annual growth of 29% compared to 2023, and the first quarter of this year witnessed 289 new Canadian companies joining To the Chamber’s membership, in a reflection of the durability of joint economic relations.

The representative office in Toronto will play a vital role in supporting companies in Dubai and Canada, and working closely with the Canadian business community, to enhance relations with the main stakeholders in the public and private sectors, as well as promoting the competitive advantages that Dubai abounds in, as a global destination for business, and the office will provide valuable information on the Dubai market, and support Canadian companies that seek to establish their presence in The emirate, and expanding it to global markets.

Moreover, the Dubai -based Toronto office will support its headquarters and plan to expand Canada, and this includes providing them with valuable visions about the Canadian market, helping them to identify trade and investments opportunities, and linking these companies to reliable local partners, to facilitate the entry of their services to this market and expand their operations in them smoothly.

Sultan Al -Mansouri:

• We are committed to supporting Canadian companies to take advantage of the opportunities available in Dubai, as it is a gateway to various global markets.

• 10.2 billion dirhams Dubai non -oil trade with Canada during 2024