In a new indication of the emirate's attractiveness for investments and its position as a major center for global trade in the region

16,000 new companies join Dubai Chamber in 8 months

In an indication of Dubai’s attractiveness for foreign direct investment and its distinguished position as a major center for global trade in the region, Dubai Chamber statistics revealed that 15,998 new companies joined the Chamber’s membership in the first eight months of this year, which is equivalent to the total number of new companies that joined To the Chamber’s membership during the whole of 2020, which reflects Dubai’s competitiveness and its continuation to attract more investors and partners from all over the world, who have found Dubai the ideal partner and the most effective gateway to access the markets of a wide region, whose population is estimated at more than two billion people.

growth

The growth rate of the number of new companies joining the Chamber during the period between January and August 2021 was about 68.5% compared to the number of companies joining the Chamber during the same period in 2020, which numbered at that time 9,492 companies, which raises the total number of members of the Chamber to more than 275,000 members.

exports

The Director General of the Dubai Chamber, Hamad Buamim, confirmed that these positive indicators were accompanied by a significant increase in the exports and re-exports of the Chamber’s members since the beginning of 2021, considering that the increase in the number of members joining the Dubai Chamber is clear and practical evidence of the high competitiveness of the Emirate of Dubai, its economic position, and the follow-up of its path in The field of sustainable economic growth, and its readiness to achieve more qualitative economic successes during the next fifty years.

positive factors

Buamim pointed out the importance of these indicators, especially as they come in light of a number of positive factors, foremost of which is the measures and measures directed by the wise leadership to encourage economic growth and support the business community through incentive packages and flexible legislation, in addition to the approaching launch date of Expo 2020 Dubai. “, the largest event of its kind in the history of the UAE and the first in the region, in addition to the launch of the “50 development projects”, which collectively represent a message of confidence to the global business community, that Dubai is confidently leading the development process towards a comprehensive future economic development.

quality investments

Buamim said that the Dubai Chamber focuses its efforts on attracting qualitative, emerging and digital investments, promoting inter-trade and serving the business community and the private sector, with full commitment to implementing the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, that the Chamber be The development arm of Dubai, and to enhance the competitiveness of the private sector.

entry notebooks

The books of temporary admission of goods issued by the Chamber and received by the state recorded a growth of 5.1% during the first eight months of 2021, compared to the number during the same period in 2020, where the number reached 2,188 during the current year, compared to 2,082 during the same period last year.

goods

The value of temporary admission books and goods achieved a remarkable growth of 47%, as the value of goods and ledgers issued by the Chamber and received by the state during the period between January and August of this year amounted to 2.2 billion dirhams, compared to 1.5 billion dirhams during the same period of the year. The past, which reflects the remarkable growth of the conference and events sector in the country.

electronic transactions

The growth rate of electronic transactions conducted by Dubai Chamber customers and members reached 7.1% during the first eight months of this year, compared to the same period last year, as the number reached 450 thousand electronic transactions between January and August 2021, compared to 419 thousand transactions during the period Same from 2020.

• The number of companies joining the Chamber from January to August 2021 is equivalent to the total number of companies joining in all of 2020.

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