Page 284 - MOE ENGLISH PR REPORT - MAY 2025 (Part 1)_Neat

5/30/25, 4:47 PM Dubai Chambers hosts roundtable to strengthen trade cooperation with EU
Lucie Berger, Ambassador of the European Union to the United Arab Emirates;

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers; and Leon

Delvaux, Director at the Directorate-General for Trade and Economic Security,

together with representatives from Dubai and the European private sectors.

Dr. Thani Al Zeyoudi commented, "The European Union is one of the main pillars

of the global economy and our second-most important trade partner. As we

accelerate efforts to bring our markets closer together, it is important we build the

platforms for our private sectors to identify and explore areas for collaboration,

particularly in sectors that align with our economic diversification objectives. The

EU-UAE Investment Roundtable is an important opportunity for business leaders

from across all industries to build the relationships that can drive trade and

investment to even greater heights."

Sultan Bin Saeed Al Mansoori stated, "Dubai and the European Union share deep-

rooted economic ties built on common interests, mutual aspirations, and a joint

commitment to developing a diversified and sustainable economy. Today's

roundtable is designed to advance collaboration in high-potential sectors and

identify new avenues for growth. We are committed to supporting European

companies and enabling them to expand and thrive while leveraging Dubai as a

strategic hub to access new opportunities across local and regional markets."

The roundtable highlighted the growing economic relations between Dubai and the

EU. The total value of non-oil trade between Dubai and EU member states reached

AED 206 billion in 2024, representing year-on-year growth of 8%.

In a further indication of Dubai's growing appeal as a leading business hub for

European investors, the emirate attracted 380 foreign direct investment (FDI)
projects from EU countries last year, with a total value of AED11.3 billion. This

represents a 6.7% year-on-year increase in the number of projects and a remarkable
106% rise in the total value of investment projects.

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