The Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim, revealed that the Chamber recommended reviewing many government services fees provided to the private sector, following intensive meetings with groups, business councils and representatives of the private sector, stressing that the value-added tax will achieve its goals when it can benefit from its revenue to reduce Cost of business.

Bouamim said that "Expo 2020 Dubai" is a good start for the next 50-year wheel in the country's strategy for making the future, stressing that the emirate will prove to the world that it is the capital of the economy, the land of opportunities, and a major area in the world for companies.

He stated that the "Dubai Chamber" has laid down an integrated plan for organizing world-class events at "Expo 2020 Dubai", which includes more than 33 international events.

The capital of the new economy

In detail, the Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim, said during the annual meeting with journalists yesterday that Dubai after "Expo 2020 Dubai" is the capital of the new economy and a major area in the world for companies that serve the entire region, pointing out that Dubai's economy is open to the world It enhances its capabilities as a hub for major companies in world markets.

He added that the challenge is to find a strong relationship between international companies that want to work from Dubai and local companies, and to enhance the view of those companies that international companies are not competitors to them, but complement.

Fee review

Bouamim revealed that the "Dubai Chamber" recommended reviewing many government services fees provided to the private sector, following intensive meetings with groups and business councils and representatives of the private sector, indicating that the value-added tax will achieve its goals when it can benefit from its revenues to reduce the cost of business.

He explained that taking advantage of tax income to reduce the cost of business is an open dialogue with the government, expecting initiatives to reduce the cost driven by tax revenues during the year 2020.

He said: "We believe that there are sectors that must be excluded from the tax, including food, gold and diamonds, contracting, real estate, education and health," stressing that this exception is a global practice for countries that apply VAT. Bouamim stated that the private sector is compatible with the application of the tax, but he hopes to benefit from the tax revenues in reducing the cost of business, pointing out that the sector supports the process of recruiting qualified citizens to work without limits.

He stressed the importance of qualifying citizens to work in the private sector, and gaining the necessary skills for that, calling to make them aware of the opportunities that the sector provides for them in working with major companies, or establishing their own businesses.

Bills

Bouamim pointed to the increasing role that the Dubai Chamber plays as a voice for the business community, as it works to transfer the visions of the private sector to the relevant government agencies. He said that she reviewed 42 local and federal draft laws last year, and established the Consultative Council for International Companies, which is considered a qualitative shift in partnership between the public and private sectors, and recently, after intensive meetings held with councils, business groups and representatives of the private sector, she submitted recommendations to review fees for many government services Submitted to the private sector, and is expected to be decided soon.

Expo 2020 Dubai

Bouamim stressed that the "Dubai Chamber" has laid down an integrated plan for organizing world-class events at the "Expo 2020 Dubai" exhibition, which includes more than 33 international events, including three sessions of the "Global Business Forums" series, which is the first session of the "Business Forum for ASEAN Countries" , And the sixth session of the "African International Business Forum", and the fourth session of the "Global Business Forum for Latin American Countries", in addition to 30 activities on investment opportunities in foreign markets, expected that the Chamber's activities during "Expo 2020 Dubai" will attract more than 20 thousand Among the top business leaders and investors from Dubai and the participating countries. He said that "Expo 2020 Dubai" is the best start for the next 50-year wheel in the country's strategy for making the future, stressing that Dubai will prove to the world that it is the capital of the economy and the land of opportunities. Bouamim stressed the concerted efforts and complementarity between the various government departments and departments in Dubai to make the exhibition a success, pointing out that the private sector is ready to take advantage of the ideal opportunity offered by the exhibition, to build additional bridges of partnership with global markets, and to attract new investment and business partnerships to Dubai.

245 thousand members

The Dubai Chamber revealed during the media briefing that the total number of members of the Chamber increased to more than 245 thousand members by the end of 2019, with 18.26 thousand new members joining in 2019, a growth of 28% compared to 2018, highlighting the attractiveness and capacity of Dubai Increasingly attracting more foreign direct investment.

50 million dirhams in financial savings from the "smart transformation"

Dubai Chamber of Commerce and Industry data revealed that the Chamber has provided 50 million dirhams since its adoption of the "smart transformation" plan in its services during the period 2016-2019, noting that the percentage of smart transactions in the chamber reached 96% at the end of 2019, a high percentage that reflects the success of " Dubai Chamber »in smart transformation, and dedicating the concept of Dubai leadership to serving the private sector.

The "Dubai Chamber" showed that the value you provided in the total process of "smart transformation" includes savings in the movement and time of the customer to and from the headquarters of the room, and self-printing of transactions, in addition to reducing the cost of operations and internal operating procedures, as "Dubai Chamber" has also succeeded in reducing the percentage of Customer visits to its service centers by 81%, from more than 330 thousand customers annually to only 60 thousand customers in 2019.

23 million sheets

The Director General of the Dubai Chamber of Commerce and Industry, Hamad Buamim, drew attention to the success of "Dubai Chamber" in providing 23 million papers since the start of the smart transformation of services, considering that the percentage of the Chamber's application of the Dubai paper transactions strategy reached 90%.

He revealed that the "smart certifications" service will be implemented by the end of the first quarter of 2020, which will initially raise the percentage of smart transactions in the room to 98%, in the context of a complete and comprehensive smart transformation in terms of customer centers services.

226 billion dirhams

The exports and re-exports of members of the Dubai Chamber achieved a stable performance in 2019, with a value of 226 billion dirhams, and export and re-export destinations diversified to reach new markets and relatively far from Dubai, but

Promising export and trade opportunities, which reflects the Chamber's role in enhancing Dubai's competitiveness and its global position as a leading destination for trade.

Hamad Bu Amim:

“(Expo 2020 Dubai) is a good start for the next 50-year wheel in the country's strategy for making the future.”

- Dubai will prove to the world that it is the capital of the economy, the land of opportunity, and a major area in the world for companies.

Dubai's open economy is strengthening its capabilities as a hub for major companies