Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, has revealed that over 27,100 companies joined as new members in the first eight months of 2022, marking a 69 percent year-over-year (y-o-y) increase and bringing total membership to over 314,000.
During the first eight months (from January to August), member exports and re-exports increased over 20 percent y-o-y to reach AED177 billion.
This comes as an example of how the national economy has recovered, post-pandemic.
Over 476,000 Certificates of Origin were issued between January and August 2022, a growth of 9.8 percent compared to the same period last year.
“The growth reflects positive impact of Dubai Chambers’ specialised approach to supporting member companies with global expansion and improving ease of doing business in Dubai,” Dubai Chambers’ chairman Abdul Aziz Al Ghurair said.
Such efforts, he explained, enhanced Dubai Chambers’ ability to serve the business community and identify attractive trade opportunities that offer potential for member companies.
“In addition, he expressed his optimism that the positive momentum would continue as Dubai Chambers makes headway on meeting the objectives outlined under its 2022 to 2024 strategy, while it continues to launch strategic initiatives to enhance economic competitiveness, attract promising businesses to Dubai and expand the emirate’s trade ties with high-potential markets,” the statement said.
In addition to this, a total of 2,674 ATA Carnets, were issued by the Chamber and received by the UAE, growing 22.2 percent y-o-y over the same period and accounting for a value of AED1.33 billion.
ATA Carnets is an international customs document allowing the temporary import of goods for a period of one year exempt from any fees or taxes.
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