In record performance, Dubai's leadership is reinforced as a global business destination and a center for international companies

21,000 new companies join Dubai Chamber within 6 months

• Operational results enhance Dubai Chamber's position as one of the largest chambers of commerce in the region and the world.

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• Hamad Buamim: “We expect the number of our new members to reach 40,000 companies this year.”

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The Dubai Chamber of Commerce, one of the three chambers under the umbrella of Dubai Chambers, revealed a record performance during the first half of 2022 that exceeded all expectations, represented by the admission of more than 21 thousand new companies to the membership of the Chamber, with a growth rate of 80% compared to the same period in 2021. .

Dubai Chamber considered this record performance as a translation of the formation of Dubai Chambers and the restructuring of efforts to attract foreign direct investment, which enhances Dubai's leadership as a global business destination and a center for international companies.

Number of members

The Dubai Chamber of Commerce indicated, in a statement, that the total number of members of the Chamber has increased to more than 308 thousand companies, which consolidates its position as one of the largest chambers of commerce in the region and the world, and its leading role in stimulating the business environment, consolidating the partnership of the public and private sectors, and attracting foreign investments, including In line with the new strategy of Dubai Chambers 2022-2024.

sustainable growth

The statement stressed that the growth rates in the Chamber's membership indicate the sustainable growth witnessed by the Chamber's operations, and its positive impact on the economic landscape of the Emirate of Dubai, and on the ability of the local business community and its active role in leading the stage of economic recovery in it, in addition to the impact of the restructuring of the Dubai Chamber on the economic activity in the Emirate. .

entry notebooks

According to the Dubai Chamber, the number of temporary entry books for goods (an international customs document that allows temporary import of goods for a period of one year at most without imposing any fees or taxes) issued by the chamber, and received by the state, reached 2,326 entry books for goods and commodities worth 1.18 billion dirhams.

The Chamber achieved an increase in the number of electronic transactions by 10% during the same period, bringing the number of completed electronic transactions to 378,000 transactions, which enhances the Chamber's role in supporting digital and smart transformation in the business environment.

Impact of initiatives

The Director General of Dubai Chambers, Hamad Mubarak Buamim, stressed that the recent statistics reflect the effective positive impact of the initiatives and activities undertaken by the Dubai Chamber of Commerce to support the business sector, push the growth process, and enhance the competitiveness of the Emirate of Dubai, in line with the Dubai Chambers strategy 2022-2024.

He added: "Our role has emerged during the last period, especially the main role we played in (Expo 2020 Dubai), as the official business integration partner, where we succeeded in creating a global platform that established strategic partnerships, encouraged the joining of many entrepreneurs to Dubai markets, and strengthened the indicators of the performance.

We also achieved a growth in the Emiratisation rate during the current year, which reached 59% by the end of June 2022.”

optimistic forecast

Buamim continued: “The successes of the Dubai Chamber of Commerce herald a bright future, and reinforce our determination to continue working to achieve new goals.

We expect that the number of our new members this year will reach 40,000 companies, and the total number of our membership will increase to 330,000 companies by the end of 2022.”

Buamim indicated that the Dubai Chambers and the three chambers under its umbrella will focus during the coming period on launching several major initiatives aimed at advancing development, attracting international companies, and consolidating Dubai's position as a global trade center.

80%

The growth rate in the number of new companies joining the membership of the Dubai Chamber of Commerce in the first half of 2022.

2326

A temporary entry book for goods issued by the Chamber, for goods and commodities worth 1.18 billion dirhams.

59%

The current Emiratisation rate in Dubai Chambers, and the total number of members of the Chamber exceeds 308 thousand companies.

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