Uzbekistan Business Council Established in Dubai to Expand Trade and Investment
Economy
The Dubai Chamber of Commerce has announced the establishment of the Uzbekistan Business Council, a new platform aimed at strengthening trade and investment ties with Uzbekistan. The council will promote direct cooperation between businesses in the two markets and identify new opportunities for companies and investors.
The council held its first meeting at the Dubai Chamber headquarters. Discussions focused on mutual investment opportunities, business links between Uzbek companies and Dubai-based partners, the exchange of experience and business information, and the organization of joint business events.
The council is chaired by Uzbek entrepreneur and Aksum Group founder Ulugbekhon Maksumov. Maha Al Gergawi, Vice President of the Dubai Chamber for Business Advocacy, said the new body would provide an important platform for strengthening trade and investment ties and creating new opportunities for cooperation across different sectors.
Maksumov said the council should serve as a practical platform where entrepreneurs can find reliable partners, investors can identify new opportunities, and companies from both countries can grow together. He said the organization would contribute to the further development of trade, investment and economic cooperation between Uzbekistan and the UAE.
Interest from Uzbek businesses in Dubai continues to grow. In 2025, non-oil trade between Dubai and Uzbekistan reached AED 10.3 billion. The number of Uzbek companies among Dubai Chamber members increased by 21.3% to 826. During the first half of 2026, another 75 Uzbek companies joined the chamber.
According to Uzbekistan’s Ministry of Investment, Industry and Trade, more than 450 companies with UAE capital are operating in the country. Emirati investors have invested $3 billion in Uzbekistan’s economy over the past three years, while bilateral trade reached $1.2 billion in 2025.
The council is chaired by Uzbek entrepreneur and Aksum Group founder Ulugbekhon Maksumov. Maha Al Gergawi, Vice President of the Dubai Chamber for Business Advocacy, said the new body would provide an important platform for strengthening trade and investment ties and creating new opportunities for cooperation across different sectors.
Maksumov said the council should serve as a practical platform where entrepreneurs can find reliable partners, investors can identify new opportunities, and companies from both countries can grow together. He said the organization would contribute to the further development of trade, investment and economic cooperation between Uzbekistan and the UAE.
Interest from Uzbek businesses in Dubai continues to grow. In 2025, non-oil trade between Dubai and Uzbekistan reached AED 10.3 billion. The number of Uzbek companies among Dubai Chamber members increased by 21.3% to 826. During the first half of 2026, another 75 Uzbek companies joined the chamber.
According to Uzbekistan’s Ministry of Investment, Industry and Trade, more than 450 companies with UAE capital are operating in the country. Emirati investors have invested $3 billion in Uzbekistan’s economy over the past three years, while bilateral trade reached $1.2 billion in 2025.
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