Thai investments in Dubai have reached around USD 626 million over the past five years, according to Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers. He expressed optimism that these figures will continue to grow, thanks to ongoing efforts to strengthen economic ties with Thailand, such as the opening of a new Dubai International Chamber representative office in Bangkok.
Lootah described the newly launched office as a strategic move designed to bolster the UAE business community’s footprint in Thailand and expand trade and investment prospects with this vibrant economy.
He pointed out that Thailand remains one of Dubai’s key trading partners in the ASEAN region. He added that having a physical presence in the country would help foster closer connections with the private sector and encourage deeper collaboration between both markets.
Lootah highlighted a notable rise in non-oil trade between Dubai and Thailand, which surged by 23 percent to USD 6.5 billion in 2024, compared to around USD 5.3 billion in 2023. This increase reflects the strengthening of bilateral economic relations and underscores Thailand’s strategic significance in Dubai Chambers’ international growth agenda.
