The Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has announced the formation of the Georgian Business Council. This initiative marks a significant advancement in fostering collaborative opportunities between the private sectors of Dubai and Georgia, while also bolstering bilateral trade and investment growth.
Growing trade relations
This development, according to the Dubai Media Office, underscores Dubai’s increasing appeal to companies and investors from Georgia. Last year, non-oil trade between Dubai and Georgia saw an impressive annual growth of 8.5 percent, reaching a total value of AED 1.76 billion. By the end of the first half of 2024, there were 89 active Georgian companies registered with the Dubai Chamber of Commerce.
During the inaugural annual general meeting of the Georgian Business Council, members explored strategies to strengthen cooperation, organize bilateral business events, and facilitate the exchange of knowledge and expertise.
Simplifying business for Georgians
The creation of the Business Council aims to simplify the business landscape in Dubai for Georgian enterprises. This essential platform will act as a representative voice for the Georgian business community in Dubai, fostering advocacy that will support the sustainable success of Georgian companies in the emirate.
What’s the role of country-specific business councils?
Country-specific Business Councils serve to represent the diverse nationalities of investors in Dubai and work alongside the Dubai Chamber of Commerce to promote bilateral trade and investment. Moreover, these councils are effective platforms for businesses to connect, collaborate, and form meaningful partnerships.
Read more: UAE’s CEPA with Georgia comes into effect
Commitment to expansion
Moreover, the Dubai Chamber of Commerce is actively engaged in increasing the number of Business Councils to better represent the various nationalities of investors in the emirate. Additionally, this effort aims to unify the voices of Business Councils, enhance support for member companies as they expand into global markets, and contribute to achieving their collective objectives.
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