Slovak Business Council launched to boost Dubai-Slovakia trade ties

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Slovak Business Council. The initiative aims to enhance economic ties between the business communities in Dubai and Slovakia and foster stronger trade and investment relations across diverse sectors.

The council was officially launched during its inaugural annual general meeting, which took place today at Dubai Chambers’ headquarters. Participants discussed avenues to expand cooperation, identify promising business opportunities, share expertise and data, and organise bilateral business events.

This strategic step reflects Dubai’s growing importance as a business destination of choice among Slovakian investors. By the end of 2024, the number of Slovakian companies registered as active members of Dubai Chamber of Commerce had reached 134, representing annual growth of 41%. During the first quarter of this year alone, 10 new Slovakian companies joined the chamber’s membership. Non-oil trade between Dubai and Slovakia reached a value of Dhs3.4 billion in 2024, marking a 38% increase compared to 2023.

Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, commented: “The establishment of the Slovak Business Council represents a significant step in strengthening economic relations between Dubai and Slovakia. The council will serve as a vital platform to unlock new partnership opportunities and contribute to the growth of bilateral trade and investments.”

The Business Councils operating under the umbrella of Dubai Chamber of Commerce represent the interests of companies and investors from specific markets operating in Dubai. They work in close cooperation with the chamber to enhance bilateral trade and investments between Dubai and the markets represented, with the goal of developing robust long-term economic partnerships.

A day earlier, in the presence of Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Dubai Chamber of Commerce - one of the three chambers operating under Dubai Chambers - has announced the establishment of the Peruvian Business Council.

The new council is dedicated to expanding cooperation between the business communities in Dubai and Peru, deepening trade and investment ties, and promoting bilateral partnerships across all sectors.

The announcement came during the inaugural annual general meeting of the Peruvian Business Council, which took place at Dubai Chamber’s headquarters.

The launch brings the total number of Business Councils operating under the Dubai Chamber of Commerce umbrella to 61. These councils represent the interests of businesses and investors from specific countries operating in Dubai and contribute to enhancing economic cooperation with key markets across the globe.

Maha Al Gargawi commented, “The establishment of the Peruvian Business Council reflects our ongoing commitment to strengthening mutual economic and trade relations with countries around the world. It also highlights the vital role played by the Business Councils operating under the umbrella of Dubai Chamber of Commerce in enhancing investment cooperation and stimulating the growth of Dubai’s non-oil foreign trade.”

The meeting outlined the council’s priorities and plans, in addition to its upcoming programme of events and activities. Participants also discussed strategies to elevate economic cooperation between Dubai and Peru.

The launch of the Peruvian Business Council reflects Dubai’s growing appeal as a hub for Peruvian companies and investors. The value of non-oil trade between Dubai and Peru exceeded Dhs8.3 billion in 2024, representing remarkable year-over-year growth of 91% and underlining the strength of bilateral trade ties. By the end of Q1 2025, a total of 23 Peruvian companies were registered as active members of Dubai Chamber of Commerce.

The country-specific Business Councils operating under Dubai Chamber of Commerce collaborate closely with the chamber to boost bilateral trade and investments. They facilitate stronger ties between Dubai-based companies and businesses from the markets represented, with the goal of strengthening strategic economic partnerships.

In March, Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the establishment of the Hungarian Business Council.

The initiative aims to enhance cooperation and foster stronger ties between the business communities in Dubai and Hungary to expand trade and investments across all sectors.

The launch of the council reflects Dubai’s growing appeal among the Hungarian business community. The number of companies from Hungary registered as active members of Dubai Chamber of Commerce reached 201 at the end of 2024, achieving annual growth of 48%.

The inaugural meeting of the Hungarian Business Council was hosted today at Dubai Chambers’ headquarters. Discussions focused on ways to enhance collaboration, organise bilateral business events, and explore emerging opportunities, as well as exchanging expertise and valuable market insights.

In February, Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced the establishment of the Indonesian Business Council. The launch of the new council is aimed at enhancing trade and investment relations, fostering new business opportunities, and expanding collaboration between the business communities in Dubai and Indonesia.

WAM