Today's Edition
ABU DHABI (WAM)
The Federation of UAE Chambers of Commerce and Industry has announced that Indian investors and business owners topped the list of foreign nationalities joining UAE chambers of commerce, with membership reaching around 225,000 companies by the end of Q1 2025.
The figure highlights the attractiveness of the investment environment in the UAE.
Speaking to WAM, Humaid Mohammed bin Salem, Secretary-General of UAE Chambers, said the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India has contributed to strengthening the developing relations between the two countries and transforming them into a multi-dimensional partnership, with business being one of its fundamental pillars.
He added that non-oil bilateral trade between the UAE and India reached a record $56.1 billion in the second year of the CEPA's entry into force in May 2022, marking a 10.1 percent increase compared to the first year.
Bin Salem stated that both countries are working to raise trade volumes to $100 billion by 2030, reflecting the depth of their economic ties.
He affirmed that the UAE Chambers remains committed to advancing UAE-India trade relations and boosting business collaboration to globally competitive levels.
