More than 15,<> new companies become members of Dubai Chamber of Commerce in the first quarter

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 15,366 companies during the first quarter of this year, a record growth rate of 48.7% compared to the same period in 2022, reflecting the emirate's increasing ability to attract investments and enhance the competitiveness of its business environment.

The exports and re-exports of Dubai Chamber members grew by 17.3% in the first quarter of this year, reaching AED 71.7 billion, compared to AED 61.1 billion during the same period last year, reflecting the Chamber's efforts to support the trade of its members in traditional and new global markets, through external offices, various events and specialized economic studies on trade opportunities.

The Chamber issued 182,266 certificates of origin during the first quarter of this year, with an annual growth rate of about 2% compared to the same period last year, while the Chamber issued and received 1,527 temporary entry books for goods and commodities worth AED 1.1 billion during the first quarter of 2023.

Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, said: "Dubai Chambers focuses on achieving the strategic priorities set by the Chambers' strategy for the period 2022-2024, as keeping pace with the future and creating it requires concerted efforts and unification of visions to achieve the goals of the next phase.

Al Ghurair stressed the full commitment to achieving strategic priorities, which include improving and developing a stimulating business environment, attracting foreign investments, enhancing the external expansion of the Chamber's members, developing the digital economy, enhancing the efficiency of the legislative and regulatory system, in addition to sustaining excellence in institutional work and customer service, stressing the importance of enhancing the competitiveness of the emirate's economy in line with the vision of the wise leadership.

During the first quarter of the year, the Dubai Chamber of Commerce succeeded in achieving the objectives of its plan to establish more than 100 business groups representing various sectors and economic activities in the emirate in order to enhance the contribution of the private sector in the formulation and formulation of policies and legislation related to the business environment, as the number of current business groups reached 105 business groups, which shows a high-level representation of the private sector, and reflects the high resilience of the emirate's economy, and the important role played by the private sector in supporting sustainable growth.

The number of laws and draft laws reviewed by the Chamber during the first quarter of this year reached more than 32, as part of its efforts to support the interests of the business community, while the number of mediation cases received by the Chamber reached 18 mediation cases.

During the first quarter of this year, the Dubai Chamber of Commerce launched the Business Sectors Platform, an innovative package of quality services designed to empower business groups and councils, meet their needs, support their activities, and enhance the effectiveness and efficiency of their businesses.

Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said: "The Chambers are keen to support the private sector and enhance its competitiveness in order to achieve the vision of the wise leadership and its recommendations to strengthen partnership between the public and private sectors.

Lootah pointed out that this year will witness the launch of more new initiatives that will achieve a qualitative addition to the business community in Dubai in line with the strategic priorities of the chambers.