Dubai: Dubai Chambers today signed a Memorandum of Understanding (MoU) with the Thai Chamber of Commerce to strengthen bilateral trade and economic relations. The agreement is aimed at expanding promising investment opportunities, particularly in the energy, digital economy, agriculture, tourism, and hospitality sectors.

According to Emirates News Agency, the MoU encompasses the exchange of delegations and trade missions, the sharing of knowledge and expertise, and cooperation in organizing exhibitions and business events in Dubai and Thailand. The agreement also seeks to enhance joint efforts in arbitration to resolve commercial disputes between companies from both markets.

The MoU was signed by Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Dr. Visit Limlurcha, Vice Chairman of the Thai Chamber of Commerce. Lootah emphasized the commitment to expanding international partnerships with countries worldwide to support the growth of Dubai’s trade and investment relations. This initiative
aims to enhance growth opportunities for companies in diverse markets and consolidate Dubai’s position as a leading global business hub.

Dubai Chambers is dedicated to supporting the goals of the Dubai Economic Agenda (D33), which aims to double the emirate’s economy over the coming decade and position Dubai among the top three cities globally.