Dubai International Chamber, one of the three chambers under the umbrella of Dubai Chambers, has wrapped up its trade mission to Serbia and Türkiye as part of the ‘New Horizons’ initiative.
The chamber signed seven Memorandums of Understanding (MoUs) in Türkiye and arranged 243 bilateral business meetings in Istanbul between companies from Dubai and Türkiye. The trade mission seeks to unlock opportunities for business growth and economic partnerships in both markets.
The MoUs were signed with the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), the Independent Industrialists and Businessmen Association (MUSIAD), the Foreign Economic Relations Board of Türkiye (DEİK), Istanbul Chamber of Commerce (ICOC), Ankara Chamber of Commerce, Ankara Chamber of Industry, and the Turkish Industry and Business Association (TÜSİAD).
The agreements unlock more opportunities for cooperation between Dubai-based companies and their Turkish counterparts, to foster growth in promising sectors. The organizations will jointly work to arrange trade missions, conferences, and business events, as well as engage in the mutually beneficial sharing of knowledge and expertise to drive growth and innovation.
The MoUs also includes the exchange of information, consultations, and opportunities for bilateral cooperation in the fields of business and investment policies.
The mission’s activities in Istanbul included a special business forum titled ‘Doing Business with Türkiye,’ organized by Dubai International Chamber in cooperation with the UAE Consulate in Istanbul together with the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), Istanbul Chamber of Commerce (ICOC), and the Independent Industrialists and Businessmen Association (MUSIAD).
The forum presented speeches by H.E. Mustafa Tuzcu, Deputy Minister of Trade of the Republic of Türkiye, H.E. Saeed Saqer AlMheiri, Consul General of the United Arab Emirates in Istanbul, and Ali Kopuz, Vice President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).
The event attracted 254 participants, including senior officials, business leaders, and local companies, to explore potential partnerships with members of the chamber’s delegation.
H.E. Mohammad Ali Rashed Lootah President & CEO – Dubai Chambers
“Dubai has growing economic ties with Türkiye, and we look forward to driving the growth of trade and investments following the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Türkiye last year. This trade mission will contribute to enhancing bilateral business connections and expand the scope of investment and commercial opportunities between companies from Dubai and Türkiye.”
The value of non-oil trade between Dubai and Türkiye increased from AED 61.1 billion ($16.6 billion) to AED 126.4 billion ($34.4 billion). The number of Turkish companies registered as active members of Dubai Chamber of Commerce reached 3,258 at the end of H1 2024.
The chamber also delivered an informative presentation on Dubai’s trade and economic landscape, emphasizing the competitive advantages the emirate offers for Turkish companies. Furthermore, a panel discussion was held to discuss opportunities available in the Turkish market for companies from Dubai.
This was followed by a series of bilateral business meetings between the representatives of companies from Dubai and Türkiye. The trade mission delegation featured representatives from 16 private sector companies from Dubai operating across various sectors.
