Dubai International Chamber, part of the Dubai Chambers network, has successfully wrapped up its trade mission to Serbia and Türkiye under the ‘New Horizons’ initiative.
The mission resulted in the signing of seven Memorandums of Understanding (MoUs) in Türkiye and facilitated 243 bilateral business meetings in Istanbul between Dubai and Turkish companies, aimed at fostering economic partnerships and business growth.
The MoUs were signed with several key Turkish organizations, including the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), the Independent Industrialists and Businessmen Association (MUSIAD), and the Istanbul Chamber of Commerce (ICOC). These agreements aim to enhance cooperation and create more opportunities for collaboration between Dubai-based firms and their Turkish counterparts, particularly in promising sectors.
A highlight of the mission was the ‘Doing Business with Türkiye’ forum, co-organized by Dubai International Chamber, the UAE Consulate in Istanbul, and TOBB. The event featured notable speakers such as H.E. Mustafa Tuzcu, Deputy Minister of Trade of Türkiye, and H.E. Saeed Saqer AlMheiri, Consul General of the UAE in Istanbul. With 254 participants, including senior officials and business leaders, the forum fostered discussions on potential partnerships and investments.
His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, emphasized the growing economic ties between Dubai and Türkiye, especially following the Comprehensive Economic Partnership Agreement (CEPA) signed last year. The trade mission further solidifies bilateral connections, as evidenced by the 106.9% year-on-year growth in non-oil trade between the two regions in 2023.
The delegation included representatives from 16 Dubai companies across various sectors, including electronics, food and beverages, information technology, and energy solutions, showcasing the diverse potential for collaboration between the two markets.
News Source: Dubai Media Office
