Dubai, Prague chambers boost trade, investment ties

Dubai, Prague chambers boost trade, investment ties-GCC Business News
Image credits: WAM | Cropped by GBN
By Desk Reporter, GCC Business News

Dubai Chambers has explored ways to strengthen economic ties between business communities in Dubai and the Czech Republic, during a meeting with a delegation led by Petr Michal, President of the Prague Chamber of Commerce.

Dubai and Prague chambers reaffirmed their commitment to expanding cooperation in investment, trade, and the digital economy, aiming to deepen partnerships between companies in the two markets.

Held at Dubai Chambers’ headquarters, the meeting was attended by HE Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. Discussions focused on enhancing bilateral trade, identifying shared investment opportunities, and broadening collaboration to reinforce trade and investment links between businesses in Dubai and their Czech counterparts, with particular emphasis on the digital economy.

The President of the Prague Chamber of Commerce also highlighted the strong interest among Czech companies in investing and expanding into Dubai across various sectors.

His Excellency Mohammad Ali Rashed Lootah-Dubai International Chamber new representative office in Stockholm-GCC Business News
HE Mohammad Ali Rashed Lootah
President and CEO – Dubai Chambers

“We are committed to advancing economic relations between Dubai and the Czech Republic in a way that serves our mutual interests. Our discussions with Prague Chamber focused on building high-value partnerships that contribute to stronger business ties and unlock new opportunities for private sector companies, while also supporting Czech businesses in investing in promising opportunities across diverse sectors in Dubai.”

A total of 46 new Czech companies joined the Dubai Chamber of Commerce in 2025, bringing the total number of active Czech member companies to 145 by the end of the year, representing annual growth of 28.3 percent.

The value of non-oil trade between Dubai and the Czech Republic reached approximately $1.44 billion (AED 5.3 billion) in 2024, marking an increase of 14 percent compared to 2023.

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