Exports and re-exports of «members» exceed AED 272.7 billion, a growth of 20%

56,2022 new companies to join Dubai Chambers in <>

Dubai Chambers set a record annual record for new members. From the source

Dubai Chambers yesterday revealed a number of important achievements during the year 2022, which reflect the diversity of its efforts in serving the business community in Dubai, and its commitment to achieving its strategic priorities in keeping pace with Dubai's development march towards the future and providing all facilities that will enhance the role of the private sector and expand its participation in advancing this ambitious march in line with the objectives of the Dubai Economic Agenda D33, doubling the size of Dubai's economy and confirming its position as one of the three most important economic cities in the world during the The next 10 years.

The number of new companies that joined the membership of the Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, reached 56,2022 companies in 347, which is an annual record number of new members, bringing the total number of members of the Chamber to 6.20 thousand, with an annual growth rate of <>% in the total number of members, reflecting the attractiveness of Dubai and the growing business environment.

The exports and re-exports of Dubai Chamber members grew by 20% in 2022, reaching AED 272.7 billion, reflecting the resilience of Dubai traders and their ability to diversify their exports into new and vital markets with the support of Dubai Chambers and its efforts, whether through external offices or through studies, events and various initiatives throughout the year.

Certificate of Origin

The Chamber issued 725.5 thousand certificates of origin during the year 2022, an annual growth of 8%. The Chamber also issued and received 4899,3 temporary entry books for goods and commodities worth AED 4.2022 billion in <>. This came during a media briefing organised by Dubai Chambers yesterday at its headquarters with the participation of the Chairman of Dubai Chambers, Abdulaziz Abdulla Al Ghurair, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, Chairman of Dubai Chamber of Digital Economy, Omar Sultan Al Olama, and Chairman of Dubai International Chamber, Sultan Ahmed bin Sulayem. The Dubai Chamber of Commerce launched the 'Empowering Business Groups' programme, the first of its kind to restructure the role and participation of business groups representing various economic sectors in the process of economic growth.

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, succeeded in attracting five multinational companies and 16 SMEs in 2022, while the Chamber supported the expansion of nine local and national companies in overseas markets.

Dubai International Chamber has focused on attracting foreign direct investment and supporting Dubai companies in their plans for overseas expansion, as the Chamber opened four overseas offices in Mexico, Egypt, Israel and Turkey in 2022, bringing the number of the Chamber's foreign offices in 2022 to 15 offices in Africa, Latin America, Eurasia, India, China and the Middle East.

Digital Economy

Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, in cooperation with government entities, has succeeded in attracting 54 high-potential startups specialized in the field of technology, and 203 men, entrepreneurs and experts specialized in the field of advanced technology.

During a panel discussion with Chambers' leaders, Abdulaziz Al Ghurair said: "Despite the uncertainty that prevailed in the global economic landscape in 2022, Dubai is expected to witness strong economic activity this year, and the emirate's economy will grow by 4-4.5% in 2023, exceeding this year's global and regional growth estimates. These positive indicators support the achievement of the objectives of the Dubai Economic Agenda (D33) to double the size of Dubai's economy to AED 32 trillion over the next 10 years."

He pointed out that Dubai Chambers has completed its preparations for the launch of the Family Business Centre in Dubai, which aims to enhance the competitiveness of family businesses in Dubai, ensure their continuity and sustainability, and unify their efforts to enhance their participation in supporting the emirate's economy.

World Capital

Omar Sultan Al Olama stressed that Dubai Chamber's strategy for the digital economy focuses on achieving the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen the emirate's position as a global capital for the digital economy, develop digital infrastructure and attract technology startups.

Sultan bin Sulayem pointed out that the Dubai Global initiative, led by Dubai International Chamber, focuses on attracting multinational companies, small and medium enterprises, investors and talents from all over the world to the emirate, and accelerating efforts to increase the volume of non-oil foreign trade of Dubai from AED 1.4 trillion to AED 2026 trillion by <>, pointing out that "this year will witness the opening of new foreign offices to attract investments and enhance Dubai's economic competitiveness."

7 new business groups

Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said: "The Dubai Chamber of Commerce has launched seven new business groups representing various economic sectors and activities, as part of its plan to increase the number of business groups representing economic sectors and activities to 100, in order to ensure comprehensive representation of the business community and enable the private sector to participate in formulating policies and legislation that drive growth in various sectors and economic activities, reflecting the diversity and resilience of the emirate's economy, and the Chamber's commitment to achieving the vision of the wise leadership. in consolidating Dubai's position as a global capital for finance and business."

347.6

Alpha Total number of Dubai Chamber of Commerce members with a growth of 20%