Dubai-based companies have invested nearly $2 billion (AED 7.3 billion) in Turkey from 2018 to mid-2024, while Turkish investments in the emirate totalled $100 million (AED 367.3 million) from 2015 to 2023.
That's according to Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, who is leading a trade mission Turkey, which includes 16 companies from Dubai.
Lootah told national news agency WAM that the visit aims to strengthen UAE-Turkey economic ties following last year’s Comprehensive Economic Partnership Agreement (CEPA).
He highlighted a 934% increase in Turkish companies registered with the Dubai Chamber over the past decade (from 315 in 2014 to more than 3,257 by mid-2024) and pointed to sectors like metals, stones, and the digital economy as key growth areas.
Lootah also encouraged Turkish firms to explore opportunities for exporting digital services from Dubai to Europe.
Creative industries 'key to future growth', WGS-FTI report says
TECOM Group posts strong 2025 results as revenues and profits rise
Family businesses urged to rethink investment, philanthropy at Dubai summit
UAE-Vietnam CEPA enters into force
Indian rupee, stocks soar in relief rally after trade deal with US
