AED 210 billion exports and re-exports of members
Dubai Chamber of Commerce attracts 48.6K new companies in 9 months
The Chamber's Business Relations Department organized 180 meetings with representatives of business groups and councils. Archival
Abdulaziz Al Ghurair: As the voice and representative of Dubai's business community, we are committed to helping our members achieve their ambitions to grow in the emirate.
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The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has achieved a significant increase in the number of companies that joined the chamber this year, with 48,616 new companies joining the chamber during the first nine months of the year, an increase of 42.9% year-on-year, compared to 34,29 new members joining the chamber in the same period last year.
This significant growth reflects Dubai's strong appeal to businesses and investors alike, as well as its growing reputation as a leading global business destination.
This was also reflected in the total value of exports and re-exports of Dubai Chamber members, which reached about AED 210 billion, with 544,538 certificates of origin issued during the first nine months of 2023.
During the same period, 3209,3 temporary admission books for goods and commodities with a total value of AED 3.2919 billion were issued and received, compared to 1,5 temporary admission books for goods worth about AED 2022.123 billion during the same period of 6, where the value of temporary admission books for goods recorded a remarkable year-on-year growth of <>.<>%.
The Chamber's Business Relations Department organized more than 180 meetings with representatives of business groups and councils between January and September this year, including 20 sessions to review legal legislation with the aim of creating a stimulating environment for business in Dubai.
The department also organized 41 general assemblies of business groups and councils, while more than 2100,24 companies benefited from 103 workshops, events and virtual seminars organized by the department. The Department held <> meetings with various partners and stakeholders to discuss opportunities to serve and support the business community.
The Chairman of Dubai Chambers, Abdulaziz Al Ghurair, said: "The achievements of the Dubai Chamber of Commerce at the end of the third quarter are a matter of pride and pride, and we are pleased with the great progress we have made in improving the business environment in Dubai, supporting the interests of the business community, helping members achieve their goals, and stimulating the export and re-export market."
"As the voice and representative of Dubai's business community, we are committed to helping our members achieve their ambitions to grow in the emirate, and we will continue to collaborate with relevant government entities as we continue our efforts to achieve the goals of the Dubai Economic Agenda (D33)."
Established in May to ensure the sustainability and growth of family businesses in Dubai, the Dubai Family Business Centre has successfully launched several programs and initiatives, including completing 30 family business visits and launching two educational programs for family business consultants and members by the end of the third quarter of 2023, and during the same period, 18 consultants were registered in the Consultant Accreditation and Certification Program. The Dubai Family Business Centre organized two seminars as part of the governance series with the participation of representatives of 62 family businesses. In addition, the center has provided downloadable educational tools and publications, which have already been downloaded 450 times during the period from May to September.
Business Groups
The Dubai Chamber of Commerce seeks to improve and facilitate doing business in the emirate while providing value-added services, and building a bridge of communication between the private sector and the concerned government entities. The Dubai Chamber of Commerce operates more than 46 business councils covering the nationalities of investors, while the number of business groups in the chamber is 105 business groups, representing various economic sectors and activities.
42.9% annual increase in the number of new companies during the first 9 months of 2023.