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Dubai International Chamber Establishes New branch in Thailand to Strengthen Commercial Relations

Dubai's International Chamber inaugurates its 36th foreign branch in Bangkok, amplifying the city-state's ambition to bolster economic partnerships with Thailand and broaden Dubai's international trade influence.

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Dubai's International Chamber establishes its 36th international branch in Bangkok, reinforcing...
Dubai's International Chamber establishes its 36th international branch in Bangkok, reinforcing Dubai's strategic efforts to intensify economic links with Thailand and broaden Dubai's global trade reach.

Dubai International Chamber Establishes New branch in Thailand to Strengthen Commercial Relations

Fresh Take:

🌴🏙️🌺 Dubai International Chamber beastin' it up in Bangkok, launchin' their 36th international office to beef up economic ties with Thailand and amplify Dubai's global trade game.

The fresh new digs, unveiled at the 'Do Business in Thailand' shindig, will serve as a top-notch attraction for Thai investments and guide local businesses into the epic Dubai market. The office is all part of the Dubai Global initiative, an ambitious plan to establish Dubai as a prime destination for foreign companies, skilled workers, and investors.

Droppin' some knowledge bombs, Mohammad Ali Rashed Lootah, Dubai Chambers' fearless leader, explained the importance of the move.

The get-together, which went down in Bangkok during Dubai Chamber's 'New Horizons' trade mission to Southeast Asia, attracted over 470 attendees including high-ranking officials and business hotshots. The event sparked 288 biz meetings between 20 Dubai-based companies and Thai firms from sectors like food and drinks, electronics, agriculture, and investments.

Dubai-Thailand non-oil trade reached a whopping AED 23.8 billion in 2024, smashing the previous year's figure by 23.3%. As for Thai businesses in Dubai, they're packin' a punch, with 190 Thai companies registered with Dubai Chamber by the end of 2024 – a skyrocketin' 28.4% yearly increase.

The chamber's got its eyes on several high-growth export opportunities from Dubai to Thailand, such as fertilizers, cosmetic products, and aluminum alloys. Investment possibilities in Thailand include renewable energy, freight services, and medical tourism.

The Bach Bangkok office is expected to be instrumental in facilitatin' strategic business relationships and propellin' trading growth between the two economies.

More details? Emirates News Agency's got your back!

📺📝 Enrichment:

🌋 Growth Sectors:- Renewable Energy: Dubai and Thailand are eyein' investments in sustainable energy.- Freight and Distribution Services: Both countries see potential in enhancin' logistics and distribution networks.- Medical Tourism: Dubai companies could score big by investin' in Thailand's medical tourism sector.- Advertisin' and PR: Dubai companies are droolin' to expand their advertisin' and PR services in Thailand.

🌍 Potential Export Opportunities for Dubai to Thailand:- Livestock Feed, Fertilizers, and Flat-Rolled Products: Top pick for high-potential exports.- Data Centres: A new sector with significant business potential.

🌍 Potential Export Opportunities for Thailand to Dubai:- Automobiles and Auto Parts: Thailand's primary export to the UAE.- Electronic Goods: A major export of Thailand's electronic wares to the UAE.- Food and Agricultural Products: Exports like rice, sugar, and processed seafood dominate trade.

These sectors and export opportunities are key to Dubai International Chamber's plan to skyrocket bilateral trade, aimin' to boost it from $20 billion to over $30 billion.

  1. Mohammad Ali Rashed Lootah, the fearless leader of Dubai Chambers, emphasized the significance of the new office in Bangkok, stating that it would attract Thai investments and guide local businesses into the Dubai market, becoming a prime attraction for business ties.
  2. The Dubai Global initiative, aimed at establishing Dubai as a prime destination for foreign companies, skilled workers, and investors, includes the establishment of international offices like the one in Bangkok, boosting Dubai's business and trade industry.
  3. The office is expected to play a crucial role in facilitating strategic business relationships and propelling trading growth between Dubai and Thailand, with potential investment opportunities in sectors such as renewable energy, freight services, and medical tourism in Thailand.
  4. The Dubai International Chamber's plan to skyrocket bilateral trade with Thailand includes targeting high-potential export opportunities, such as fertilizers, cosmetic products, and aluminum alloys from Dubai to Thailand, and automobiles and auto parts, electronic goods, and food and agricultural products from Thailand to Dubai.

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