Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully arranged 180 bilateral business meetings between companies from Dubai and Serbia.
The meetings took place in Belgrade during the chamber’s trade mission to Serbia and Türkiye as part of the ‘New Horizons’ initiative, which supports the expansion of local companies by connecting them with opportunities in promising global markets.
The trade mission included representatives of 13 private sector companies from Dubai operating across diverse sectors, including electronics, food and beverages, pipeline products, information technology, brand protection, technology, airport services, retail, textiles, and energy and mobility solutions.
“This trade mission comes as part of our continuous efforts to unlock opportunities for Dubai-based companies to explore new partnerships and expand their business in promising markets such as Serbia,” stated Mohammad Ali Rashed Lootah, president and CEO of Dubai Chambers.
Doing business with Serbia
As part of the trade mission, the Dubai International Chamber organized a special business forum in Belgrade titled ‘Doing Business with Serbia’ with the support of the UAE Embassy in Belgrade and the Chamber of Commerce and Industry of Serbia.
The forum attracted 208 participants, including senior figures from the Serbian government, business leaders, and Serbian companies interested in exploring potential partnerships with members of the chamber’s delegation.
During the forum, Dubai Chambers signed a memorandum of understanding with the Chamber of Commerce and Industry of Serbia (CCIS). The agreement seeks to promote cooperation between the communities of both countries.
The two parties will collaborate to arrange trade missions, conferences, and business events. In addition, they will engage in the mutually beneficial sharing of knowledge and expertise to support growth and innovation.
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Dubai-Serbia non-oil trade hits AED233.9 million
Non-oil trade between Dubai and Serbia reached AED233.9 million ($63.68 million) in 2023, according to Dubai Customs data. A total of 202 Serbian companies registered as active members of the Dubai Chamber of Commerce at the end of H1 2024, with 39 new businesses registering during this six-month period.
During his participation in the business forum, Hassan Al Hashemi, Vice President of International Relations at Dubai Chambers, outlined the numerous competitive advantages the emirate offers for Serbian enterprises. The event also featured a panel discussion that valuable insights on doing business in Serbia, with speakers sharing their experiences in the local business environment.
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