Dubai recently concluded its participation in the fourth edition of the Global Trade Summit, held in Melbourne, Australia, from September 2nd to 4th, 2025. Organized by the World Trade Organization, the summit convened over 25 international delegates from governmental, local, and global organizations. The event provided a crucial platform to highlight Dubai's economic landscape, fostering opportunities for robust trade relations and attracting investment.
A key announcement during the summit was Dubai's intention to collaborate with Victoria, Australia, on a trade and manufacturing fair. This initiative aims to strengthen cooperation by encouraging Australian enterprises to engage with Dubai, expanding Dubai's presence in Victoria, and cultivating joint ventures. The exchange of critical trade information and data is expected to further facilitate discussions on economic affairs and business development.
His Excellency Mohammed Ali Rashid Lootah, Director General of Dubai Trade, emphasized Dubai's economic philosophy, stating that capital naturally gravitates towards sustainable, diverse, and attractive economic and investment environments. He highlighted Dubai's embodiment of these pillars, supported by an open and positive economic policy that has significantly impacted global investments. Lootah also underscored Dubai's role as a model for economic sector development and expansion, grounded in the stability and growth of global trade.
Dubai also partnered with the World Trade Organization to host a global trade fair at the summit. This fair is designed to be a premier platform for trade, allowing for the thorough assessment and comparison of trade practices across seven key areas, with careful consideration given to prevailing economic and global conditions. Dubai's engagement included participation with over 1,200 trade delegations from 100 countries, underscoring the summit's importance for leaders to exchange expertise and deliberate on business sector matters and international communication networks.
Dubai's overarching vision is to solidify its position as a preeminent global economic hub, safeguarding the collective interests of its populace and ensuring sustained progress. This vision aligns with the government restructuring announced in March 2021, which established Dubai Trade, Dubai Global, and Dubai for Economic Real Estate to execute the emirate's strategic directives.
Further enhancing Dubai's global trade engagement, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, was recently elected to the Executive Board of the International Chamber of Commerce (ICC). The ICC, representing over 45 million companies globally, recognizes Dubai's expanding influence and strategic role in building international economic bridges. This appointment reflects confidence in Dubai's economic governance model, characterized by visionary leadership, investor-friendly regulations, and robust public-private cooperation, further solidifying its position as a hub for shaping global trade practices.