Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has launched a new representative office in Almaty, Kazakhstan.
The new office focuses on enhancing economic ties and supporting the growth of business, trade, and investments between the business communities in Dubai and Kazakhstan.
With the launch of the new office, the number of international representative offices operated by the chamber increases to 32. The launch is part of the ‘Dubai Global’ initiative, which aims to establish 50 representative offices worldwide by 2030 to attract foreign direct investment, international businesses, and leading global talent to Dubai.
In addition, it will support Dubai-based companies in exploring new business and trade opportunities across 30 priority global markets.
The new office also reflects the increasing momentum in economic relations between Dubai and Kazakhstan. Non-oil trade between the two markets reached a value of AED 14 billion ($3.81 billion) last year, representing year-over-year growth of 82 percent. 187 companies from Kazakhstan joined Dubai Chamber of Commerce this year, increasing the total number of active member companies to 668 by the end of September.
HE Mohammad Ali Rashed Lootah President & CEO – Dubai Chambers
“The expansion of our global office network aims to reinforce Dubai’s position as a leading financial and business hub. The chamber’s representative offices play a crucial role in attracting companies and investments to Dubai, boosting Dubai’s bilateral trade with promising markets, and enhancing partnership opportunities among business communities, all of which contributes to achieving the objectives of the Dubai Economic Agenda (D33).”
Dubai International Chamber’s Almaty office will play a significant role in attracting companies and investors from Kazakhstan and Central Asia to Dubai. It will also foster Dubai’s competitive advantages and share investment information to help companies from Kazakhstan enter the Dubai market and leverage the emirate as a gateway for global expansion.
Moreover, the Almaty office will assist Dubai-based companies planning to expand into Kazakhstan with market insights and business introductions. It will connect local companies in the emirate with reliable stakeholders and potential partners who can help them in entering Kazakhstan and expanding their operations.
