The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has recently announced that a total of 51,561 new companies joined as members during the first nine months of 2024, representing an annual growth of 4 percent.
The figures reflect Dubai’s increasing appeal among regional and global investors. The chamber’s notable milestones also reflect its success in enhancing the emirate’s favorable business environment, driving economic growth, and contributing to the goals of the Dubai Economic Agenda (D33).
“Dubai is continuing to cement its position as a leading global hub for trade and investments while enhancing the competitiveness of its business-friendly environment to attract foreign direct investment,” stated Abdul Aziz Abdulla Al Ghurair, chairman of Dubai Chambers.
Members’ exports and re-exports hit AED224 billion
The value of the Dubai Chamber of Commerce members’ exports and re-exports during the first nine months of 2024 reached AED224 billion, representing an annual growth of 7 percent. The chamber also issued a total of 578, 268 certificates of origin during the nine-month period, also reflecting a growth of 7 percent. In addition, it issued and received 3,259 ATA Carnets with a total value of over AED2 billion.
“We are committed to doubling our efforts to support Dubai’s sustainable economic development journey in collaboration with partners from the public and private sectors. The chamber remains dedicated to promoting business growth, safeguarding the interests of the business community, attracting foreign direct investment, and creating more opportunities for companies operating in the emirate to expand and achieve sustainable growth both locally and internationally,” Al Ghurair added.
Supporting Dubai’s business community
The Dubai Chamber of Commerce reviewed 154 laws and draft laws in cooperation with business groups, with the resulting recommendations achieving an adoption rate of 46 percent. In addition, it held a total of 146 meetings with business groups and business councils during this period including annual general meetings.
The chamber also facilitated 69 meetings between business groups and councils and key government entities and established seven new business councils representing the interests of investors from Costa Rica, Greece, Poland, Mexico, Colombia, Kazakhstan, and Georgia.
In addition, the chamber received 131 mediation cases during the first nine months, representing a growth of 27 percent compared to the 103 cases received in the same period last year.
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Advancing sustainability efforts
To promote corporate sustainability, the Dubai Chamber of Commerce also launched a new environmental, social, and governance (ESG) label during the first nine months of this year. Developed by the chamber’s Center for Responsible Business, the label aims to help organizations evaluate their ESG readiness and maturity levels and promote sustainable business growth.
