- Mohammad Ali Rashed Lootah: “This commerce mission will contribute to enhancing bilateral enterprise connections and develop the scope of funding and industrial alternatives between firms from Dubai and Türkiye.”
- Non-oil commerce between Dubai and Türkiye achieved year-over-year development of 106.9% to succeed in a price of AED 126.4 billion in 2023.
- The variety of Turkish firms registered as lively members of Dubai Chamber of Commerce stood at 3,258 on the finish of H1 2024.
Dubai Worldwide Chamber, one of many three chambers working beneath the umbrella of Dubai Chambers, has efficiently concluded its commerce mission to Serbia and Türkiye as a part of the ‘New Horizons’ initiative. The chamber signed seven Memorandums of Understanding (MoUs) in Türkiye and organized 243 bilateral enterprise conferences in Istanbul between firms from Dubai and Türkiye to discover alternatives for enterprise development and financial partnerships in each markets.
According to its purpose of strengthening cooperation, selling bilateral commerce and investments, and constructing constructive partnerships, Dubai Chambers signed MoUs with the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), the Unbiased Industrialists and Businessmen Affiliation (MUSIAD), the Overseas Financial Relations Board of Türkiye (DEİK), Istanbul Chamber of Commerce (ICOC),
Ankara Chamber of Commerce, Ankara Chamber of Business, and the Turkish Business and Enterprise Affiliation (TÜSİAD).
The agreements pave the way in which for extra alternatives for cooperation between Dubai-based firms and their Turkish counterparts to drive collaboration in promising sectors. The organisations will collaborate to rearrange commerce missions, conferences, and enterprise occasions, in addition to interact within the mutually useful sharing of data and experience to assist development and innovation. The MoUs additionally embody the alternate of knowledge, consultations, and alternatives for bilateral cooperation within the fields of enterprise and funding insurance policies.
The mission’s actions in Istanbul included a particular enterprise discussion board titled ‘Doing Enterprise with Türkiye,’ which was organised by Dubai Worldwide Chamber in cooperation with the UAE Consulate in Istanbul along with the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), Istanbul Chamber of Commerce (ICOC), and the Unbiased Industrialists and Businessmen Affiliation (MUSIAD). The discussion board featured speeches by H.E. Mustafa Tuzcu, Deputy Minister of Commerce of the Republic of Türkiye, H.E. Saeed Saqer AlMheiri, Consul Basic of the United Arab Emirates in Istanbul, and Ali Kopuz, Vice President of the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).
The occasion attracted 254 individuals together with senior officers, enterprise leaders, and native firms keen on exploring potential partnerships with members of the chamber’s delegation.
His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Dubai has rising financial ties with Türkiye, and we look ahead to driving the expansion of commerce and investments following the Complete Financial Partnership Settlement (CEPA) signed between the UAE and Türkiye final yr. This commerce mission will contribute to enhancing bilateral enterprise connections and develop the scope of funding and industrial alternatives between firms from Dubai and Türkiye.”
The worth of non-oil commerce between Dubai and Türkiye achieved year-over-year development of 106.9% in 2023, rising from AED 61.1 billion to AED 126.4 billion. The variety of Turkish firms registered as lively members of Dubai Chamber of Commerce stood at 3,258 on the finish of H1 2024, 625 of which joined through the first six months of the yr. This represents a rise of 33% in comparison with 470 new firms that joined throughout H1 2023.
As a part of the enterprise discussion board, the chamber delivered an informative presentation on Dubai’s commerce and financial panorama that highlighted the aggressive benefits the emirate provides for Turkish firms. As well as, an insightful panel dialogue that includes specialists from distinguished financial sectors mentioned the alternatives accessible within the Turkish marketplace for firms from Dubai, along with useful steerage for companies and traders. This was adopted by a sequence of bilateral enterprise conferences between representatives of firms from Dubai and Türkiye, which continued through the second day of the mission.
The commerce mission delegation featured representatives from 16 non-public sector firms from Dubai working throughout numerous sectors together with electronics, meals & drinks, pipeline merchandise, info expertise, model safety, expertise, airport providers, retail, textiles, and power & mobility options.
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