542.3 million dirhams in non-oil trade between Dubai and Estonia during 2024

Dubai Chambers organized the Dubai-Estonia Business Forum, in cooperation with the Estonian government and the UAE-Estonia Business Council, with the aim of expanding the horizons of trade and investment cooperation and stimulating innovation and joint work between the advanced digital economy systems in Dubai and Estonia, in light of the growth of bilateral trade relations, as the value of non-oil trade between Dubai and Estonia increased by an annual rate of 10% to reach 542.3 million dirhams in the year. 2024, compared to 494.5 million dirhams in 2023. The number of active Estonian companies registered with the Dubai Chamber of Commerce at the end of last year also recorded a growth of 37% on an annual basis, while 15 new Estonian companies joined the Chamber’s membership during the first half of this year, bringing the total number of active Estonian companies registered with the Chamber’s membership to 95 companies as of the end of last June.

A statement issued yesterday stated that the forum, which was held at the Dubai Chambers headquarters, witnessed the presence of the Minister of Justice and Digital Affairs of Estonia, Lisa Lee Pakosta, the Director General of Dubai Chambers, Mohammed Ali Rashid Lootah, and the Ambassador of Estonia to the UAE, Maria Belovas, while the forum attracted a group of officials and representatives of the business communities in Dubai and Estonia.

Discussions addressed ways to enhance cooperation between Dubai companies and their Estonian counterparts across a wide range of sectors, including advanced technology, the digital economy, renewable energy, automotive, agricultural technology, construction, logistics, and the maritime sector. Pacosta said: “Achieving digital progress depends on cooperation and mutual trust, which is embodied in the Dubai-Estonia Business Forum. The UAE’s commitment to consolidating innovation in various sectors comes in parallel with the importance that Estonia attaches to technology as an effective tool to enhance the economy and improve the quality of life.”

For his part, Lootah said: “The growing relations between Dubai and Estonia form a solid foundation for achieving our common economic goals, and we are committed to strengthening bilateral partnerships across various vital sectors.”