Dubai-based trading entity establishes subsidiary in Toronto, Canada, aiming to strengthen commercial relationships.
Let's Talk Biz:
Dubai's throwing down the gauntlet, openin' its first North American office right in Toronto's heart!
That's right, partner! This move's a big deal, aiming to beef up economic connections between Dubai and our fair Canada. It's all part of Dubai's ambition to expand global trade under their 'Dubai Global' initiative.
The grand opening happened at an official shindig attended by the Canadian Minister of International Trade Maninder Sidhu, Dubai Chambers Chairman Eng. Sultan bin Saeed Al Mansoori, UAE Ambassador Abdulrahman Al Neyadi, and some heavy-hitters from the Canadian business community.
So, what's the deal with this Toronto office? It's supposed to act as a bridge, linkin' businesses in both markets together, promotin' Dubai as a global hotspot for growth, and smoothing out investment and trade opportunities. It'll also lend a helping hand to Canadian companies crackin' into the Dubai market, providing 'em with top-notch insights and on-the-ground assistance.
Timin' couldn't be better, either. Commercial activities between our economies have been on the rise, and in 2024, two-way trade between Dubai and Canada exceeded AED 10.2 billion. By the end of the year, Dubai Chamber of Commerce had registered 4,112 Canadian companies, with 289 new businesses joinin' forces in Q1 2025.
Dubai International Chamber's got their sights set high, aimin' to establish 50 international offices by 2030. The Toronto office's a key stone in this plan, positionin' both cities for closer economic ties in the years ahead.
Now, here's some fun facts to impress your mates at the pub:
In 2024, non-oil bilateral trade between Canada and the UAE was valued at approximately $3.4 billion, with Canadian exports to the UAE totalin' $2.6 billion and imports from the UAE at around $797 million.
The Toronto office's launch has given a big boost to our already bustlin' economic relationship, furthin' trade and investment connections between Dubai and Canada by anchoring a direct channel for facilitation.
So, grab your passport, check out Dubai's thriving market, and strike up some profitable partnerships, eh!
[Sources: Emirates News Agency]
- The new Dubai North American office in Toronto, aiming to bolster economic ties, will act as a bridge for businesses in both regions, promoting Dubai as a global hub for investment and trade, particularly within the industry and finance sectors.
- The Toronto office is expected to smooth out opportunities for business growth by offering insights and on-the-ground assistance to Canadian companies wanting to expand into Dubai, contributing to the ongoing rise in commercial activities between the two economies.
- With the successful launch of the Toronto office, Dubai International Chamber hopes to strengthen its global presence by establishing more international offices, potentially reaching 50 by 2030, further cementing economic ties between cities like Toronto and Dubai, thus creating a more interconnected global business community.
