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Thu 10 May 2018 01:47 PM

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Estonia seeks closer ties with Dubai with new office

Enterprise Estonia to open a representative office at premises of Dubai Chamber of Commerce and Industry by end-2018

Estonia seeks closer ties with Dubai with new office
Tallinn is the capital city of Estonia.

The Dubai Chamber of Commerce and Industry has announced plans for state-run trade and investment promotion agency Enterprise Estonia to open a representative office at its premises before the end of this year.

The announcement was made during a business roundtable in Tallinn, Estonia, which was hosted by the Chamber in cooperation with Enterprise Estonia and attended by a Dubai Chamber-led delegation, as well as Estonian government and business leaders.

The roundtable is part of a high-level roadshow to the Baltic states, which is exploring trade and investment opportunities in Estonia, Latvia and Lithuania.

Majid Saif Al Ghurair, chairman of Dubai Chamber, said that Estonia is among the world's most attractive hubs for ICT, smart city solutions and entrepreneurship. He described the Baltic country as a market of strategic importance which offers tremendous business potential to Dubai Chamber members and the wider business community in Dubai.

He revealed that Dubai’s non-oil trade with Estonia exceeded $55 million in 2017, adding that there is "plenty of scope of bilateral trade in the future".

Hamad Buamim, president and CEO of Dubai Chamber, called for the launch of direct flights between Dubai and the Estonian capital of Tallinn and said such a development would build new bridges between UAE and Estonian companies.

He added that the Chamber is working with Estonia’s Ministry of Economic Affairs and Communications on efforts to double the number of Estonian companies in Dubai by 2019.

Viljar Lubi, Deputy Secretary General, Economic Development, Ministry of Economic Affairs and Communications of Estonia, also said that establishing direct air links between the two countries would be an important factor which would forge stronger bilateral ties.

Separately, Urve Palo, Minister of Entrepreneurship and Information Technology of Estonia, said an embassy would soon be opened in Abu Dhabi.

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