More than 67,000 companies to join Dubai Chambers in 2023 – News
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Dubai Chambers said on Thursday that 67,222 new companies joined as members in 2023, representing a year-on-year growth of 20 percent. This is the largest number of new members added during any year in the chamber’s history.
Dubai Chambers has three entities operating under its umbrella: Dubai Chamber of Commerce, Dubai International Chamber and Dubai Chamber of Digital Economy.
The number of active members of the Dubai Chamber of Commerce also grew by 26.8 percent in 2023 compared to 2022, reaching a total of 217,788, while the value of members’ exports and re-exports increased to more than 284 billion dirhams, with an annual growth of 4.3 percent.
Dubai International Chamber successfully attracted 138 foreign companies to the emirate. These included 34 multinational enterprises (MNEs), an increase of 580 percent compared to 2022, and 104 small and medium-sized enterprises (SMEs), representing a year-on-year growth of 550 percent.
The chamber also supported the international expansion of 77 local companies, achieving a record annual growth rate of 756 percent, and increased its network of international representative offices to 31 with the launch of 16 new offices worldwide in 2023.
Meanwhile, the Dubai Chamber of Digital Economy continued to strengthen the emirate’s digital leadership by attracting nine multinational companies operating in the digital industries to Dubai, along with 549 high-tech startups to achieve an annual growth rate of 916 percent.
The Dubai Chamber of Commerce issued 735,155 certificates of origin in 2023, while the number of member exporters achieved a growth of 9.1 percent to 13,688. Additionally, 5,492 ATA commodity carnets with a combined value of Dh5 billion were issued and received, representing a notable year-on-year growth in value of 47 percent.
The chamber announced the establishment of 76 new sectoral business groups in 2023, bringing the total number to 105. A combined total of 145 meetings were also held with Business Groups and Councils.
“The record growth in the number of new member companies is a testament to our success in improving the competitiveness of the business community. Supporting the private sector remains a key priority for Dubai Chambers as part of our drive to achieve the vision of wise leadership to promote sustainable development and achieve the goals of the Dubai Economic Agenda (D33),” said Abdul Aziz. Abdulla Al Ghurair, President of Dubai. Cameras.
Dubai International Chamber opened a total of 16 new international representative offices in 2023 to expand its global network to 31 offices across five continents. The new openings put the chamber firmly on track to achieve the goal of establishing 50 offices by 2030.
The chamber conducted a total of 116 foreign trade missions to promote Dubai and attract investment, representing a year-on-year increase of 190 percent. The missions visited 68 cities in 44 countries, a 113 percent increase in the number of cities visited compared to 2022. Dubai International Chamber also hosted 237 visiting delegations with a total of 600 participants.
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