«Dubai Chamber»: 76.5% of the private sector companies achieved growth in their business during «Expo»

Dubai Chamber of Commerce revealed that 76.5% of the private sector companies in the emirate achieved growth in their business and activities during the period of organizing "Expo 2020 Dubai", while 73.5% of them stated that they succeeded in establishing new business partnerships during the same period, which reflects the added value. provided by "Expo 2020 Dubai" to the business community in the emirate.

The report highlights the efforts of the Dubai Chamber of Commerce as an official partner for business integration for Expo 2020 Dubai, the events it organized during the current largest global event, and its commitment to establishing cross-border economic partnerships that reflect the meeting of minds in order to achieve integration and economic development.

Business confidence

A survey was included in the report “Expo 2020 Dubai: Business Integration, Digital Transformation and Global Partnerships for Growth” prepared by the Dubai Chamber of Commerce in cooperation with the “Oxford Business Group”, which was conducted with the 69 business groups and councils that operate under the Chamber’s umbrella, and currently represent more than 287,000 A company in the membership of the Dubai Chamber of Commerce, the growth of the confidence of the private sector and their benefit from “Expo 2020 Dubai”.

Communication and interaction

The results of the survey also showed that 70.6% of the respondents benefited from the communication, interaction and business meetings service organized by the Dubai Chamber of Commerce at Expo 2020 Dubai, while 47% stated that they benefited from the series of global business forums, while 47% of the participants said In the survey, they benefited from bilateral meetings between investors.

98 events

The report revealed that the Chamber organized 98 events during the "Expo" period, attended by more than 25,000 participants from more than 130 countries, most notably global business forums on Africa, ASEAN countries and Latin America, in addition to the 12th session of the "World Chambers of Commerce Conference", and 10 forums Works on “Expo” themes, which included space, rural and urban life, which were organized in cooperation with “Expo 2020 Dubai”.

The Dubai Chamber of Commerce also organized the "Retail Summit", and other events for the "Dubai for Startups" and the "Business Ethics Center".

Investors Meetings

During Expo 2020 Dubai, the Dubai Chamber of Commerce succeeded in organizing and coordinating more than 1,500 bilateral meetings between investors in the country and their counterparts from international markets, while the Chamber received and organized meetings with 1,746 visiting delegations that included more than 3,350 businessmen and government officials representing more than 60 countries. .

Memoranda of Understanding

The Dubai Chamber of Commerce signed 13 memoranda of understanding and strategic partnership agreements with its counterparts around the world to enhance economic cooperation and coordinate investment partnership efforts, while licenses were granted to seven new economic and professional bodies by the Dubai Center for Economic and Professional Entities, which was established in cooperation between the Dubai Chamber and the Department of Commerce. Economy and tourism in Dubai, and the Dubai World Trade Centre.

Smart and sustainable economy

The Director General of Dubai Chambers, Hamad Mubarak Buamim, said that “Expo 2020 Dubai” constituted a pivotal station in the march of the state and the Emirate of Dubai, as the emirate invested in communicating minds and making the future, and developed infrastructure, transportation and hospitality projects, and focused on technology, knowledge and innovation, which contributed to Accelerate Dubai's transformation into a smart and sustainable economy.

Buamim pointed out that "Expo 2020 Dubai" was a new start for Dubai's economy towards the future, which is based on advanced and global pillars, including: the knowledge economy, innovation, and support for small and medium enterprises, considering that the success achieved by Expo is a success for the world that aspires to economic recovery and sustainable development. .

He pointed out that the Dubai Chamber of Commerce's role was pivotal during Expo 2020 Dubai in terms of supporting the business sector and promoting economic partnerships, pointing out that "Expo" represented a gateway for the Chamber to a new and integrated world of economic opportunities that can be used to support the process of creating the future of business and the economy. in Dubai.

Ambassador Extraordinary

Buamim continued: "If we look at the period of organizing (Expo 2020 Dubai), which lasted 182 days, we find that in the Dubai Chamber of Commerce we organized an event approximately every two days of (Expo), and every day we had approximately 137 participants in our activities, and we received We met every day with nine foreign delegations, with each delegation having more than 18 members. We also organized and coordinated more than eight daily meetings among investors, an outcome that shows the size of the efforts made by the Dubai Chamber of Commerce to be an extraordinary ambassador in the service of the business community in Dubai during ( Expo 2020 Dubai) and succeeded in gathering economic minds, strengthening partnerships and supporting external expansion.”

After "Expo"

Buamim expected that certain sectors would lead the Dubai economy in the post-Expo 2020 Dubai phase, especially tourism, trade, transport, travel, and financial services, in addition to the digital economy based on modern technology, considering that these sectors constitute the main growth engines.

He pointed out that Dubai's investments in innovation and technology will support the emirate's economic growth in the post-Expo 2020 Dubai phase, and will accelerate this growth and move it to broader horizons, stressing that the success achieved by Expo 2020 Dubai will contribute to consolidating the emirate's position as a destination for global events and the business sector. A center for global trade and the digital economy.

Positive economic indicators

The report, "Expo 2020 Dubai: Business Integration, Digital Transformation and Global Partnerships for Growth", highlighted a number of positive economic indicators for the country's economy and Dubai during the period of hosting "Expo 2020 Dubai", which reflects the country's leadership in leading global economic recovery efforts, such as trade growth. Increase the number of tourists, hotel revenues, and travelers through Dubai International Airport.

The report reviewed the recent growth indicators recorded in Dubai and the UAE, driven by the organization of the "Expo", as the number of hotels and hotel establishments reached 759 in January 2022, compared to 711 in January 2021, while the number of occupied hotel nights in January 2022 reached 3.04 million nights, compared to 2.65 million nights in January 2021.

The report reviewed other indicators, including the number of passengers received by Dubai International Airport in 2021, recording a growth rate of 12.7% compared to 2020, in addition to the UAE’s non-oil trade recording a growth of 27% compared to 2020 and 11% compared to 2019.

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