Dubai Chamber Of Commerce Launches Brazilian Business Council To Enhance Trade And Investment Ties

The Dubai Chamber of Commerce has introduced the Brazilian Business Council to foster collaboration between Dubai and Brazil's business sectors. This initiative aims to enhance trade, investment, and partnerships across various industries. The council's first annual meeting was held at Dubai Chambers’ headquarters, focusing on boosting investments and strengthening ties between Brazilian firms and their Dubai counterparts.

Dubai’s role as a global business centre for Brazilian enterprises is underscored by this council's launch. In 2024, non-oil trade between Dubai and Brazil reached AED13.8 billion, a 35% increase from the previous year. By the end of 2024, 364 Brazilian companies were active members of the Dubai Chamber of Commerce, marking a 22% rise from 2023.

Maha Al Gergawi, Vice President of Business Advocacy at Dubai Chambers, stated, "The establishment of the Brazilian Business Council underlines our strong commitment to expanding the contribution of investors from around the world to Dubai’s economic development and strengthening strategic partnerships between the business communities in the emirate." This reflects a dedication to fostering international economic ties.

The country-specific Business Councils under Dubai Chamber of Commerce collaborate closely with the chamber to boost bilateral trade and investment. They aim to create stronger links between companies in Dubai and those in represented markets, enhancing strategic economic alliances. These councils provide platforms for exploring investment opportunities and promoting sustainable growth in trade relations.

The recent discussions at the inaugural meeting also highlighted sharing expertise and data while organising bilateral business events. Such initiatives are crucial for deepening cooperation and exploring promising business opportunities between both regions.

This new council signifies a commitment to expanding investor contributions globally to support Dubai’s economic progress. It provides a valuable platform for exploring investment prospects and driving sustainable growth in trade relations between Dubai and Brazil.

With inputs from WAM