Other BriefingsDubai Chamber Establishes Joint Romanian Business Council
The Dubai Chamber of Commerce has taken a significant step in strengthening economic relations between Dubai and Romania with the establishment of the Romanian Business Council. The recently launched business council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai, as well as support Dubai’s presence in Europe and attract new investments from the region.
Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are proud to support the establishment of the Romanian Business Council, which heralds a new era of enhanced cooperation between Dubai and Romania’s dynamic business communities. This collaborative effort supports our ongoing drive to ensure a supportive, enabling, and world-class business environment in Dubai. We look forward working together to boost bilateral trade and promote cross-border business opportunities.”
Genoveva Turcu, President of the Romanian Business Council, stated: “We are thrilled to announce the establishment of the Romanian Business Council. Our mission is to support Romanian and UAE businesses in creating a 4.0 community by fostering innovation, collaboration, and knowledge-sharing. Through collaboration, knowledge-sharing, and the adoption of innovative technologies, we aim to empower businesses and foster sustainable growth.”
Covering markets of strategic importance to Dubai, business councils serve as valuable platforms for companies in the UAE and abroad to connect, collaborate, and build mutually beneficial partnerships, opening new channels for economic cooperation with business communities across the globe.
Dubai and Romania do not have significant amounts of bilateral trade, running at slightly less than US$500 million in 2021. Of this, Romania exported US$361 million to the UAE, including sawn wood, wheat and forage crops. The UAE exported US$92.3 million of products to Romania, including acyclic hydrocarbons, coated flat-rolled iron, and perfumes. However, Romania is a gateway to the European Union and other markets, with large port facilities on its Black Sea coast, while the UAE offers market access to the Middle East for Romanian exporters.
Dezan Shira & Associates maintain an office in Dubai and can assist European businesses into Dubai and the region. For assistance, please email us at dubai@dezshira.com or view our ‘Doing Business In Dubai’ guide below.
Related Reading
An Introduction to Doing Business in Dubai 2023
About Us
Middle East Briefing is one of five regional publications under the Asia Briefing brand. It is supported by Dezan Shira & Associates, a pan-Asia, multi-disciplinary professional services firm that assists foreign investors throughout Asia, including through offices in Dubai (UAE), China, India, Vietnam, Singapore, Indonesia, Italy, Germany, and USA. We also have partner firms in Malaysia, Bangladesh, the Philippines, Thailand, and Australia.
For support with establishing a business in the Middle East, or for assistance in analyzing and entering markets elsewhere in Asia, please contact us at dubai@dezshira.com or visit us at www.dezshira.com. To subscribe for content products from the Middle East Briefing, please click here.
- Previous Article Dubai Chamber Of Commerce Opens Office In Ho Chi Minh City
- Next Article Starting A Business In The UAE? Points To Consider
