Dubai Chamber of Commerce and Industry (DCCI) statistics showed that 9062 new companies joined the Dubai Chamber during the first half of 2019, a growth rate of 22.3% compared to 7,408 new companies joined the Chamber during the same period of 2018, raising the total number of members « Dubai Chamber »to more than 240 thousand members.

The figures reflect the strength and resilience of Dubai's business environment, which has succeeded in preserving businesses and attracting new businesses from around the world, reinforcing the emirate's status as a world-class destination, the chamber said in a statement yesterday.

International reputation

Hamad Buamim, Director General of Dubai Chamber of Commerce and Industry, said: “Investors' interest in the business environment in Dubai reflects the emirate's global reputation and a leading business destination.” The emirate's ability to attract more companies, despite global challenges, is an indication of the emirate's attractiveness to investment Foreign direct, and its ability to improve its competitiveness. “Initiatives to stimulate economic growth, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, have played a key role in enhancing investor confidence in Dubai and its diverse economy, as it has shown the leadership's keenness to overcome the challenges facing growth. Business sector".

“Leadership support, economic stimulus initiatives and infrastructure investment are key factors that have contributed to Dubai's competitiveness and its ability to attract more foreign investment. The increase in the number of new members of the Chamber by 22.3%, confirming that Dubai is the capital of business in the region, and a leading global destination for investment ».

Input Books

The books of temporary entry of goods issued by the Dubai Chamber and received by the UAE recorded a growth of 7.5% during the first half of 2019, where it recorded 3060 notebooks during the first half of this year, compared to 2846 notebooks during the same period of 2018.

The value of goods and commodities of temporary entry books grew by 57% during the first half of this year to AED 1.93 billion compared to AED 1.23 billion during the same period of 2018, reflecting the remarkable growth of the conference and events sector in the UAE. Merchants participating in it use temporary entry books to enter their goods for display.

Promotion of the Emirate

Dubai Chamber promoted its role in promoting the emirate as a global business destination.In the first half of 2019, Dubai promoted in 60 events around the world in 46 cities, in 27 countries, with a 46% growth in the number of outdoor events and a 43% growth. In the number of cities visited by delegations of the Chamber.

During the first half of this year, the number of visiting delegations to the Dubai Chamber grew by 51.7% to 1,094, compared to 721 in the first half of 2018, while the number of visiting delegations increased by 35.3%. The total number is 1,937 compared to 1,432 in the same period of 2018.

External Offices

Dubai Chamber confirmed that the chamber's foreign offices held 970 meetings with companies interested in the Dubai market, up by 101% compared to the same period last year, where the representative offices held 482 meetings with investors interested in the expansion of the Dubai market. The Chamber's representative offices are a key pillar of the Chamber's strategy to expand into promising overseas markets. Dubai Chamber currently has 10 overseas representative offices in China, India, Azerbaijan, Ethiopia, Kenya, Mozambique, Ghana, Panama, Brazil and Argentina.