Enhancing Relations with Thailand, Dubai Chambers Reports Record-Breaking $626 Million Investments
📣 Check out these Thai-Dubai Economic Ties! 🇹🇭🇦🇪
Investments from Thailand in Dubai have soared, reaching approximately $626 million in the last five years [1][5]. This significant milestone underlines the burgeoning business relationship between the two countries.
💡 Insight: This investment trend reveals Thailand's growing interest in Dubai's strategic sectors and real estate market, fostered by Dubai's reputation as a global hub for wealthy individuals [3].
🗣️ Mohammad Ali Rashed Lootah, the President and CEO of Dubai Chambers, recently confirmed this thriving relationship during a trade mission to Southeast Asia. Lootah, who emphasized the Emirate's increasing economic ties with Thailand, announced the launch of a Dubai International Chamber office in Bangkok [2].
🌐 This new office is part of Dubai Chambers' "New Horizons" initiative, aiming to intensify collaboration with Thailand's private sector and expand trade and investment opportunities [2]. Presently, Thailand ranks among Dubai's prime trading partners within the ASEAN region. The two nations reached $6.5 billion in non-oil trade in 2024—a leap of 23% from the trade stats of 2023 [1].
📅 The Bangkok opening coincided with an Emirati trade mission, involving 20 companies, exploring market chances in Thailand [2]. This venture aligns with Dubai Chambers' objective to deploy 50 international representative offices by 2030, bolstering the global expansion of UAE businesses and cementing Dubai's standing as a commercial center [2].
💪 Lootah underscored Dubai Chambers' commitment to fueling local businesses to penetrate global markets, establish strategic partnerships, and further propel Dubai’s long-term economic goals [2].
🔭 Looking ahead, it's predicted that the trade relationship between Thailand and Dubai will remain robust. Dubai's strategic position and the escalating trade between the two nations indicate a future filled with bilateral trade agreements and increased investment flows [4].
Sources:- [1] Emirates News Agency- [2] Gulf Today- [3] ArabianBusiness- [4] Zawya- [5] Khaleej Times
- The surge in investment from Thailand to Dubai marks a growing business collaboration between the two countries, with Thailand showing an increased interest in Dubai's strategic sectors and real estate market.
- The launch of a Dubai International Chamber office in Bangkok is part of Dubai Chambers' "New Horizons" initiative, which aims to intensify collaboration with Thailand's private sector and expand trade and investment opportunities.
- The burgeoning trade relationship between Thailand and Dubai is predicted to remain robust, with Dubai's strategic position and the escalating trade between the two nations indicating a future filled with bilateral trade agreements and increased investment flows.
