Today, the Dubai Chamber hosted the Dubai-Uzbekistan Business Forum, featuring a high-level Uzbek delegation led by His Excellency Laziz Kudratov, the Minister of Investment, Industry, and Trade of Uzbekistan. Approximately 100 business representatives from both sides participated in the event.
This forum served as a platform to explore ways to strengthen economic collaboration between the two nations and discuss opportunities for expanding bilateral trade and joint investments. Attendees included senior government officials, several deputy ministers, governors of major Uzbek regions, and prominent figures from the business communities in both Dubai and Uzbekistan.
Mohammad Ali Rashid Lootah, Director General of the Dubai Chamber, stated: “This visit presents a valuable opportunity to enhance trade relations between Dubai and Uzbekistan, which have seen significant growth in recent years. We are eager to explore new avenues for cooperation and investment that ensure economic growth for both parties. Additionally, we look forward to assisting Uzbek companies in their international expansion plans by leveraging Dubai’s world-class infrastructure and strategic position as a gateway to various global markets.”
Lootah emphasized the commitment of the Dubai Chamber to support Uzbek enterprises aiming to expand in Dubai, enabling them to tap into the competitive advantages that the emirate offers as a strategic gateway to economic opportunities in diverse global markets.
The forum featured presentations on the business and investment environment in both Dubai and Uzbekistan. It highlighted areas for mutual cooperation, including promising investment opportunities within both markets. Discussions also focused on enhancing bilateral trade and broadening investments between Dubai and Uzbekistan.
In 2024, non-oil trade between Dubai and Uzbekistan reached approximately 11.1 billion dirhams, reflecting an annual growth of 66% compared to 2023. Key Uzbek exports to Dubai included precious stones and metals, zinc, fruits and nuts, and copper. Conversely, Dubai’s exports to Uzbekistan comprised electronics, machinery, vehicles, and luxury items such as perfumes and cosmetics. During the forum, both parties explored ways to enhance trade volumes by utilizing exchange opportunities, competitive advantages, and the potentials available in each economy.
The forum also highlighted the growing presence of the Uzbek business community in Dubai, with over 700 Uzbek companies registered as members of the Dubai Chamber by the end of 2024, achieving an annual growth rate of 34.5%. This momentum continued into 2025, with more than 60 new Uzbek companies joining the chamber in the first quarter of the year, further strengthening trade relations between the two sides.