Estonia is planning to open a representative trade office in Dubai, the United Arab Emirates, before the end of 2018.
The Dubai Chamber of Commerce and Industry announced the plans for Enterprise Estonia, a state-run trade and investment promotion agency, to open a representative office, during a business roundtable held in Tallinn, Estonia, in early May.
The roundtable event was attended by a Dubai Chamber of Commerce and Industry-led delegation and Estonian government and business leaders. It was organised as part of the Dubai Chamber’s roadshow to Estonia, Latvia and Lithuania that is exploring trade and investment opportunities.
During the roundtable, the Dubai Chamber officials said the Estonian trade office would provide companies in Dubai with valuable insights on investment opportunities in the country.
Majid Saif Al Ghurair, the chairman of Dubai Chamber, said Dubai’s non-oil trade with Estonia exceeded USD55 million in 2017, and noted that there was “plenty of scope of bilateral trade in the future”, the Dubai Chamber said in a statement.
Calls for direct flights between Dubai and Tallinn
In addition, Al Ghurair revealed the chamber’s plans to organise a country focus briefing in Dubai soon which would aim to familiarise companies in the emirate with business opportunities in Estonia.
Hamad Buamim, the president and CEO of Dubai Chamber, called for the launch of direct flights between Dubai and Tallinn and said such a development would build new bridges between UAE and Estonian companies, the chamber said.
Buamim also said that the chamber was coordinating with Estonia’s ministry of economic affairs and communications on efforts to double the number of Estonian companies in Dubai by 2019. He encouraged Estonian companies to participate in the Expo 2020 and benefit from the unique advantages and opportunities that the event has to offer them.
A number of Estonian companies – such as Nortal and Guaana – is already operating in Dubai. In addition, the city is home to an expanding Estonian professional expat community.
Cover: Dubai skyline.