Dubai Chambers hosted a high-level delegation of 60 Malagasy companies at its headquarters today, marking a major step forward in strengthening economic relations between Dubai and Madagascar.
The Dubai–Madagascar Business Forum brought together top government officials, ministers, and business leaders from both sides. The event was held in the presence of Andry Rajoelina, President of Madagascar, who expressed his country's strong interest in expanding bilateral cooperation across key sectors.
Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, welcomed the delegation alongside President and CEO Mohammad Ali Rashed Lootah and several representatives from Dubai’s private sector. Al Mansoori highlighted the 90% surge in non-oil trade between the two markets in 2024, which jumped from AED 692 million in 2023 to AED 1.3 billion.
He also pointed to the upcoming launch of Emirates Airlines’ direct flights to Antananarivo in September 2024 as a major enabler for future trade, tourism, and business growth.
In his address, President Rajoelina praised Dubai’s global economic standing and reiterated Madagascar’s commitment to enhancing ties in sectors such as tourism, logistics, real estate, technology, and financial services.
Lootah presented a detailed overview of investment opportunities in Dubai, encouraging Malagasy companies to explore the emirate’s diverse and rapidly growing economic landscape.
The forum underscored a shared commitment to driving sustainable economic partnerships and unlocking new avenues for collaboration between the two business communities.
News Source: Emirates News Agency
