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Dubai Chambers Strengthens Trade Ties as Uzbek Delegation Explores Investment Opportunities

Dubai Chambers Strengthens Trade Ties as Uzbek Delegation Explores Investment Opportunities
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Dubai Chambers hosted a high-level Uzbek delegation on Wednesday, led by Uzbekistan’s Minister of Investment, Industry, and Trade, H.E. Laziz Kudratov, to explore avenues for deepening economic cooperation during the Dubai-Uzbekistan Business Seminar.

The event brought together around 100 business leaders and senior government officials from both nations, creating a platform to boost bilateral trade and investment. Discussions centered on expanding commercial ties and leveraging synergies between the two markets.

H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, underscored the importance of building on the growing trade momentum.

“We are eager to explore new paths for collaboration and investment to drive mutual economic growth,”

he said, reaffirming the Chamber’s support for Uzbek businesses looking to scale globally through Dubai.

The seminar featured presentations on market opportunities in both Dubai and Uzbekistan, with a shared focus on increasing trade flows. In 2024, non-oil trade between Dubai and Uzbekistan surged by 66% to exceed AED 11.1 billion.

Key Uzbek exports to Dubai include precious stones, zinc, fruits, and copper, while Dubai exports electronics, vehicles, and cosmetics to Uzbekistan. Both sides explored ways to expand this exchange, aligning with their respective economic strengths.

Uzbek business presence in Dubai is also rising. Over 700 Uzbek firms were active members of the Dubai Chamber of Commerce by the end of 2024 — a 34.5% increase year-on-year — with over 60 new companies joining in Q1 2025 alone.

News Source: Dubai Media Office

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Shahba Mayyeri

Written by Shahba Mayyeri

Shahba is a Content Creator at HiDubai with 3 years of experience in crafting compelling stories and articles. She holds a Master’s degree in Media and Communications from MAHE Dubai.
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