Abu Dhabi-Serbia Business Forum Strengthens Economic Ties And Expands Cooperation In Key Sectors

The Abu Dhabi–Serbia Business Forum, organised by the Abu Dhabi Chamber of Commerce and Industry and the Serbian Chamber of Commerce and Industry, aimed to bolster Abu Dhabi's role as a regional business centre while expanding its global economic partnerships. The event welcomed a Serbian delegation of over 30 companies from key sectors, along with officials and representatives from both countries' government entities and private enterprises.

Discussions at the forum centred on enhancing trade and investment relations between Abu Dhabi and Serbia. Participants explored opportunities for cooperation in priority sectors and sought to strengthen economic ties. The forum also examined new avenues for future partnerships, supporting joint efforts to drive sustainable growth and mutual economic development.

The forum took place amid rapidly expanding bilateral trade between the UAE and Serbia. In 2024, non-oil trade between the two nations reached approximately US$98 million. By the first quarter of 2025, this figure had grown to around US$23.6 million. The UAE is Serbia’s second-largest trading partner among GCC countries, accounting for nearly 43 percent of Serbia’s total trade with the Gulf based on 2024 figures.

Ali Mohamed Al Marzooqi, Director-General of the Abu Dhabi Chamber, highlighted the depth of growing economic relations between Abu Dhabi and Serbia. He stated that both sides are committed to developing strategic partnerships in industry, energy, technology, and food security. These efforts aim to advance sustainable development while strengthening trade and investment between the two economies.

Al Marzooqi emphasised that the partnership marks a new phase of trade cooperation. "It reaffirms the Abu Dhabi Chamber’s dedication to supporting the business community," he said. This commitment enables exploration of promising international markets, enhancing Abu Dhabi's position as a global hub for trade and investment.

Mihailo Vesović, Vice President of the Serbian Chamber of Commerce and Industry, noted that economic relations are entering a new phase with the Comprehensive Economic Partnership Agreement (CEPA). This agreement is expected to double bilateral trade in coming years. Vesović stated that "Serbia is a strategic gateway to emerging European markets," viewing Abu Dhabi as a long-term investment partner in agriculture, industry, renewable energy, and innovation.

Abu Dhabi's Economic Strength

Abu Dhabi distinguishes itself with a diversified economy recognised as one of the most competitive in the region. Its strength is supported by flexible policies, business-friendly legislation, and world-class infrastructure like advanced industrial zones, ports, and airports. The emirate offers an attractive investment environment enhanced by its strategic location connecting Asia, Europe, and Africa.

The emirate's appeal is further bolstered by incentives such as customs exemptions, logistical support, and efficient digital processes for business setup. Ambitious strategies are being implemented to accelerate non-oil sector growth while attracting high-value investments in technology, clean energy, and advanced manufacturing.

Future Prospects

In June 2025, UAE–Serbia CEPA came into effect focusing on facilitating goods exchange while supporting a transition towards a more diversified economy. These efforts reinforce Abu Dhabi's position as a preferred destination for global investors seeking sustainable economic growth opportunities.

With inputs from WAM