Dubai Chambers Hosts Roundtable To Enhance Trade Cooperation With European Union Countries

Dubai Chambers recently hosted a roundtable to discuss enhancing trade and investment ties between Dubai and European Union (EU) countries. The event featured a high-level delegation led by Maroš Šefčovič, the European Commissioner for Trade and Economic Security. Key figures in attendance included Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, and Dr. Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade.

The roundtable underscored the strengthening economic relations between Dubai and the EU. In 2024, non-oil trade between Dubai and EU member states reached AED 206 billion, marking an 8% increase from the previous year. This growth highlights the deep-rooted economic ties shared by both regions.

Dubai's appeal as a business hub for European investors is on the rise. Last year, the emirate attracted 380 foreign direct investment (FDI) projects from EU countries, valued at AED 11.3 billion. This represents a 6.7% increase in project numbers and a significant 106% rise in total investment value compared to the previous year.

Sultan Bin Saeed Al Mansoori remarked on the shared economic interests between Dubai and the EU. "Dubai and the European Union share deep-rooted economic ties built on common interests, mutual aspirations, and a joint commitment to developing a diversified and sustainable economy," he stated.

The number of companies from EU countries registered with Dubai Chamber of Commerce has grown significantly. By the end of Q1 2025, there were 15,248 active members from EU nations, reflecting a 27% year-over-year increase. Additionally, 4,693 new European companies joined during 2024.

Dr. Thani Al Zeyoudi emphasized the importance of collaboration with the EU: "The European Union is one of the main pillars of the global economy and our second-most important trade partner." He highlighted that building platforms for private sector collaboration is crucial for aligning with economic diversification goals.

Strategic Partnerships

The roundtable also focused on identifying new avenues for growth in high-potential sectors. Sultan Bin Saeed Al Mansoori expressed commitment to supporting European companies in expanding their operations using Dubai as a strategic hub to access local and regional markets.

Dubai’s investments in EU countries from 2020 to 2024 totaled AED 9.5 billion, creating approximately 8,000 jobs in Europe. This reflects Dubai's strategic efforts to foster mutual economic growth through targeted investments.

The discussions at this roundtable are expected to pave the way for stronger trade relations between Dubai and EU countries. By fostering these connections, both regions aim to achieve greater heights in trade and investment cooperation.

With inputs from WAM