"Dubai rooms" Looking to enhance trade and investment opportunities with Cyprus
Dubai, 13 February / WAM / His Excellency Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, and a delegation from the Cyprus Chamber of Commerce and Industry, headed by Stavros Stavrou, President of the Chamber, discussed ways to enhance joint trade and investment relations, and the two sides affirmed their commitment to expanding the horizons of bilateral cooperation and developing partnerships between the business communities in Dubai and Cyprus.
The meeting discussed ways to enhance bilateral trade, identify joint investment opportunities and expand joint business channels to stimulate the growth of business relations between companies operating in Dubai and their counterparts in Cyprus.
His Excellency Mohammed Ali Rashid Lootah affirmed the commitment to strengthening economic ties between Dubai and Cyprus, raising the level of joint trade and investment cooperation to serve mutual interests, and working to consolidate sustainable strategic partnerships that support the growth of intra-regional trade and open new horizons for the business community, in conjunction with enabling Cypriot companies to benefit from the competitive elements provided by Dubai, as it is a leading global platform to launch into the markets of the region and the world.
The visit comes in light of Dubai’s growing attractiveness for companies and investors from Cyprus. As 101 new Cypriot companies joined the membership of the Dubai Chamber of Commerce during the year 2025; This brings the total number of active Cypriot companies registered as members of the Chamber by the end of last year to 639 companies, with a growth of 17.7% on an annual basis, while the value of non-oil trade between Dubai and Cyprus reached about 588 million dirhams in the year 2024.
The Dubai Chamber of Commerce recently launched the Cyprus Business Council, with the aim of enhancing joint work between the business communities in Dubai and Cyprus, consolidating mutual trade and investment relations, and stimulating bilateral partnerships in various sectors.
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