Dubai: Dubai Chambers recently welcomed a delegation of companies from Kazakhstan led by Nursultan Shokanov, Chairman of the Regional Council of the Chamber of Entrepreneurs of Almaty, to its headquarters. The delegation was briefed on Dubai's competitive advantages, wide-ranging investment opportunities, and the potential for strengthening bilateral economic and trade relations.
According to Emirates News Agency, the visiting delegation included CEOs and senior executives from 20 Kazakh companies operating across sectors including real estate development, construction, agriculture, information technology, and education. The meeting was also attended by a group of UAE-based companies to enhance bilateral trade and joint investments. A series of B2B meetings were held between members of the visiting delegation and local companies and investors.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated that Dubai offers opportunities across key sectors and serves as a platform for growth and prosperity for companies from Kazakhstan and around the world. The emirate's favourable investment environment and numerous competitive advantages support businesses in expanding regionally and globally.
He added that Dubai Chambers is committed to strengthening the partnership between the business communities of Dubai and Kazakhstan in support of shared development goals. Dubai Chambers is dedicated to supporting Kazakh companies and investors in capitalising on Dubai's business environment and forging new partnerships that will contribute to boosting bilateral trade and investment flows.
The meeting comes amid growing trade relations between Dubai and Kazakhstan, with non-oil bilateral trade achieving year-over-year growth of 43 percent to reach a value of AED20 billion in 2024. Dubai's increasing appeal among Kazakh businesses and investors was also reflected in the addition of 247 new Kazakh companies as members of Dubai Chamber of Commerce in 2024, bringing the total number of active members from Kazakhstan to 691 by the end of the year.
As part of ongoing efforts to strengthen economic ties, Dubai International Chamber opened a new international representative office in Almaty in 2024. The office plays a key role in supporting the Kazakh business community and attracting companies and investors from Kazakhstan and Central Asia to Dubai.