Dubai Chambers has hosted a high-level delegation from the Cyprus Chamber of Commerce and Industry (CCCI) to explore new avenues of collaboration and discuss ways to further strengthen bilateral trade and investment ties between the two business communities.
The meeting was attended by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Stavros Stavrou, President of the Cyprus Chamber of Commerce and Industry, along with senior officials and representatives from both organizations.
Dubai Chamber of Commerce recorded strong growth in Cypriot business participation, with a total of 101 new companies from Cyprus joining the chamber’s membership last year, highlighting rising interest in Dubai as a gateway to regional and global markets.
By the end of 2025, the total number of Cypriot companies registered as active members had reached 639, reflecting a robust annual growth rate of 17.7 percent and underscoring deepening commercial engagement between the two sides across multiple sectors, including services, real estate, technology, and trade facilitation.
Meanwhile, non-oil trade between Dubai and Cyprus reached approximately $160.11 million (AED 588 million) in 2024, demonstrating steady momentum in bilateral trade flows, strengthening supply chain linkages, and highlighting the expanding scope of economic cooperation and investment partnerships between the two economies.
HE Mohammad Ali Rashed Lootah President and CEO Dubai Chambers
“We see significant potential for growth in areas of shared interest. Dubai Chambers is dedicated to providing all necessary support to facilitate trade and investment, helping Cypriot companies tap into regional and international markets through Dubai, and enabling our local businesses to explore the promising opportunities in Cyprus.”
The UAE-Cyprus Business Council was established in December, to further strengthen cooperation between the two business communities, deepen bilateral trade and investment relations, and foster strategic partnerships across a wide range of sectors, creating new opportunities for joint ventures and long-term collaboration.
