The Dubai Chamber of Commerce, one of the three chambers operating under the auspices of the Dubai Chambers of Commerce, announced the establishment of the Bulgarian Business Council, wam.ae reported.
The new council aims to strengthen economic cooperation, encourage partnerships between the business communities in Dubai and Bulgaria, and expand investment cooperation in various sectors.
The first meeting of the council was recently held at the headquarters of the Dubai Chambers of Commerce. Participants discussed ways to develop new business opportunities and develop mutual investments.
The meeting also focused on strengthening ties between Bulgarian companies and their partners in Dubai, exchanging expertise and data, and organizing bilateral business events.
The launch of the Bulgarian Business Council comes at a time when Dubai continues to strengthen its position as an international center for Bulgarian companies and investors. Non-oil trade between Dubai and Bulgaria reached AED 777 million /€180 million/ in 2024, marking an annual growth of 5% and reflecting the strength of bilateral trade ties. In the first nine months of this year, 54 new Bulgarian companies joined the chamber, bringing the total number of active Bulgarian members to 243 by the end of September.
Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers, commented: “The establishment of the Bulgarian Business Council represents an important step forward in the economic ties between Dubai and Bulgaria. The Council will help build stronger partnerships between our business communities, unlock new opportunities for joint investment and support the continued growth of bilateral trade.“
The Business Councils, operating under the auspices of the Dubai Chamber of Commerce, represent the interests of companies and investors from specific markets operating in Dubai. They work closely with the Chamber to enhance bilateral trade and investment between Dubai and the represented markets, with the aim of developing strong long-term economic partnerships.