Showcasing the emirate’s attractiveness among both companies and investors, the Dubai Chamber of Commerce announced that the number of new member companies has increased 43 percent to 30,146 in the first half of 2023, up from the existing 21,098.
The total value of exports and re-exports of member companies increased by 7 percent during the first half of 2023 to reach AED137.6 billion ($37.3 billion), up from AED129.4 billion ($35.2 billion) in the same period last year. The chamber also issued 357,000 certificates of origin during H1 2023.
A total of 2,402 ATA (Temporary Admission) Carnets were issued and received for goods and commodities with a value of AED2.5 billion ($680 million) during the six-month period, up 108 percent compared to 2,326 ATA Carnets with a value of AED1.2 billion ($330 million) during H1 2023.
Dubai Chamber of Commerce is one of the three chambers operating under the umbrella of Dubai Chambers.
Dubai Chambers: Driving economic growth goals
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, said: “Our impressive results from the first half of this year confirm the success of our unique business model, which is based on three specialised chambers operating under the umbrella of Dubai Chambers.
“As Dubai’s engine of economic growth, our strategic priorities are aligned with the goals of the Dubai Economic Agenda, which seeks to further enhance the emirate’s position as a leading global centre for business, trade, and investment.
“The significant increase in our new members reflects the chamber’s commitment to attracting investments, while the growth in the value of our members’ exports and re-exports underlines the impact of our support for Dubai-based companies seeking to expand into international markets. We will continue to focus on building an agile and resilient economy based on diversification and innovation that fulfils the vision of Dubai’s wise leadership.”
Dubai Chamber of Commerce reviewed a total of 54 draft laws in cooperation with Business Groups during the first half of the year as part of its efforts to support the interests of the business community, while the number of mediation cases received reached 75.
The chamber achieved a new milestone by establishing more than 100 Business Groups representing diverse economic sectors in the emirate. These bodies also serve to enhance the competitiveness of the sectors covered, now supported by a total of 105 dedicated Business Groups.
The chamber also launched the Dubai Centre for Family Businesses under the umbrella of Dubai Chambers, in May. The centre was established with the goal of ensuring the growth and sustainability of family businesses in Dubai and is tasked with developing the vital sector and enhancing its economic contribution to the emirate’s future.
The chamber’s Business Advocacy sector arranged over 160 meetings with representatives from various Business Groups and Councils to explore challenges and opportunities in specific sectors. In addition, 24 Annual General Assembly events were organised and more than 1,300 businesses benefited from 12 workshops and events organised.
In addition, 82 meetings were held with key stakeholders and partners including the Dubai Health Authority, the Ministry of Education, RTA, Dubai Police, and the Community Development Authority to explore opportunities to serve the business community.
Dubai Chamber of Commerce’s Centre for Responsible Business (CRB) organised three Sustainability Knowledge Series events during the first half of 2023, which attracted 408 participants from 310 companies. Ten companies were awarded the CSR Label, eight companies received the Advanced CSR Label, and 47 companies were presented with SMART CSR Labels.
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