Staff Correspondent

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the launch of a new international representative office in Dhaka to further strengthen trade and investment relations between the business communities in Dubai and Bangladesh.

The opening of the new office increases the chamber’s network of international representative offices to 35 worldwide.

This expansion is part of the ‘Dubai Global’ initiative which seeks to establish 50 international representative offices by 2030 and aims to reinforce Dubai’s position as a leading global business hub by attracting foreign direct investment and supporting the international expansion of local companies into 30 priority markets across the globe.

The new office was officially inaugurated during a ceremony in Dhaka which was attended by Abdulla Ali Abdulla Alhmoudi, ambassador of the United Arab Emirates (UAE) to Bangladesh, together with a significant gathering of representatives from the Bangladeshi business community.

Lutfey Siddiqi, the chief adviser's special envoy for International affairs was present in the opening ceremony as the Chief Guest.

The launch comes at a time of growing economic cooperation between Dubai and Bangladesh.

Non-oil trade between the two markets reached a value of $ 1.71 billion in 2024, representing a year-over-year growth of nine percent compared to the $ 1.58 billion recorded in 2023.

Commenting on the opening, Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers, said, “Bangladesh is a dynamic and fast-growing market that offers significant opportunities for Dubai-based companies. The launch of our new office in Dhaka represents a major step forward in strengthening the economic partnership between our markets that will play a key role in building connections between businesses, facilitating trade relations, and attracting investment – all of which contribute to consolidating Dubai’s position as a leading global business hub. We are confident that this office will open up new horizons for fruitful economic cooperation.”