Dubai, UAE — Dubai International Chamber, one of the three chambers operating under Dubai Chambers, on Monday announced the opening of three new international representative offices based in Cairo, Tel Aviv, and Istanbul, respectively.
The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13 while the Istanbul office opening will follow on December 14. The Cairo office was officially inaugurated Monday.
International offices have a dual mission of supporting and guiding Dubai companies through every stage of their global expansion journey, from market intelligence and business introductions to company set-up, and creating new mechanisms to attract FDI from key markets of strategic importance to Dubai, promoting the emirate as a preferred business hub and gateway to access emerging markets.
Israel is a market of strategic importance to Dubai. Since the UAE and Israel signed the historic Abraham Accords in 2020, the bilateral trade between the two countries dramatically increased reaching $1.19 billion in 2021.
With trade between UAE and Egypt reaching US$7.5 billion in 2021, Dubai International Chamber’s new office in Cairo will strengthen the commercial relationship between the two countries, boosting investment ties in key sectors, including trade manufacturing, agribusiness, IT and maritime.
Non-oil trade between Dubai and Türkiye reached $12.8 billion in 2021, making Türkiye the 7th largest trading partner to the emirate. The UAE is Türkiye’s largest trade partner in the Gulf, and with the anticipated CEPA free trade agreement between the two countries, bilateral trade is expected to double to $27.4 billion.
The new openings bring the number of Dubai International Chamber’s representative offices worldwide to 15. The chamber already has representative offices across Africa, Latin America, Eurasia, India, and China.
“We are delighted to announce the addition of three new bases in Egypt, Israel and Türkiye, to our global network of international representation offices,” Hassan Al Hashemi, Vice President of International Relations, at Dubai Chambers, said. “Dubai Chambers continues to lead the Dubai business community’s efforts to strengthen avenues of trade and economic cooperation between the UAE and regional markets, and our new offices will help expand Dubai companies’ access to the growing markets while attracting inward investment from these countries into Dubai.”