Dubai Chamber of Commerce sees 42.9% year-on-year growth in 2023

Dubai Chamber of Commerce, one of three chambers operating under the Dubai Chambers umbrella, has achieved significant growth in membership numbers during 2023.

A total of 48,616 new member companies were registered between January and September this year, representing an impressive year-on-year (YoY) increase of 42.9% compared to the 34,029 that joined during the corresponding period in 2022.

The strong growth underlines Dubai’s attractiveness to both businesses and investors, as well as the emirate’s growing reputation as a leading global business destination. This was also reflected in the total value of exports and re-exports of member companies, which reached a total of AED 210 billion with 544,538 certificates of origin issued between the first and third quarters of 2023.

Additionally, 3,209 ATA carnets for goods and commodities with a combined value of AED 3.3 billion were issued and received during the nine-month period, compared to 2,919 ATA carnets worth around AED 1.5 billion during the first to third quarter of 2022. The value of ATA Notebooks received registered a notable year-on-year growth of 123.6%.

Commenting on the good performance of the camera, HE Abdul Aziz Abdulla Al Ghurair, President of Dubai Chamberssaying:

“I am delighted to see Dubai Chamber of Commerce making progress in improving Dubai’s favorable business environment, enhancing its promotional efforts and supporting our members to prosper while boosting the export and re-export market. We are the voice of Dubai’s business community and remain committed to empowering our members to contribute to achieving the emirate’s growth ambitions. “We will continue to work closely with the government as we progress on our path towards the goals of the Dubai Economic Agenda (D33).”

As part of its continued efforts to support the interests of the business community, Dubai Chamber of Commerce reviewed a total of 94 bills in collaboration with Business Groups during the first nine months of the year. The number of mediation cases received by the chamber reached 103.

The chamber’s Business Relations Department organized more than 180 meetings with representatives of business groups and councils between January and September, including 20 promotional sessions aimed at shaping Dubai’s favorable business environment. The department also successfully organized 41 Annual General Meeting events for Business Groups and Councils. More than 2,100 attendees benefited from 24 workshops, events and webinars organized by the department. Additionally, a total of 103 meetings were held with key stakeholders and partners to explore opportunities to serve the business community.

As part of its efforts to achieve its strategic priority of improving the business environment in the emirate, Dubai Chamber of Commerce also launched the ‘Business Sectors Platform,’ which offers an innovative package of services designed to empower Business Groups and Business Councils and improve the effectiveness and efficiency of their activities.

He Dubai Center for Family Businesses, which was established in May with the aim of ensuring the growth and sustainability of family businesses in the emirate, has successfully launched a number of programs and initiatives. As of the end of the third quarter of 2023, the center had completed 30 family visits and implemented two educational certification programs for family members and counselors. A total of 18 advisors registered in the Family Business Consulting certification program during this period. The center also concluded two sessions of its Governance Series program with the participation of 62 family business representatives. Additionally, the center recorded more than 450 downloads of publications and educational toolkits between May and the end of September.

Dubai Chamber of Commerce seeks to facilitate and improve the ease of doing business in the emirate, while providing value-added services and serving as a bridge between Dubai’s dynamic business community and the government. A total of 46 country-specific business councils and 105 sectoral business groups currently operate under the umbrella of the chamber.

News source: Dubai Press Office