Dubai Chambers And Serbian Counterpart Collaborate To Boost Economic Ties And Trade Opportunities

Dubai Chambers recently collaborated with the Chamber of Commerce and Industry of Serbia to host a roundtable discussion. This event aimed to explore new avenues for trade and investment, enhancing the relationship between Dubai and Serbia. Held at Dubai Chambers' headquarters, it was attended by key figures including Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, Stevan Nikčević, State Secretary from Serbia's Ministry of Foreign and Internal Trade, and Vladimir Marić, Serbian Ambassador to the UAE.

Lootah emphasised Dubai's commitment to strengthening its position as a global economic hub through partnerships with countries like Serbia. He stated, "Dubai is further consolidating its role as a key hub in the global economy by deepening constructive partnerships with nations worldwide, including the Republic of Serbia. We remain committed to adopting an integrated approach that enhances economic cooperation and advances trade and investment flows, creating high-value and sustainable opportunities for our business communities and supporting shared development goals."

The discussions highlighted opportunities for collaboration in sectors such as construction, energy, IT, agri-food, healthcare, trade, fintech, industrial automation, and transportation. Participants examined ways to boost bilateral trade relations and establish new partnerships that would drive economic growth in both regions.

Growing Business Interest

Reflecting the increasing interest from Serbian investors in Dubai's market, 83 new Serbian companies joined the Dubai Chamber of Commerce within the first nine months of this year. This brought the total number of active Serbian companies registered with the chamber to 293 by September's end.

Trade Growth

Bilateral non-oil trade between Dubai and Serbia has shown significant growth. In 2024 alone, it reached approximately AED336 million, marking a 44 percent increase compared to the previous year. This growth underscores the strengthening economic ties between the two regions.

The event successfully laid groundwork for future collaborations that could benefit both markets economically. By fostering these connections, Dubai continues to enhance its role as a central player in global trade dynamics.

With inputs from WAM