Dubai Chamber of Commerce attracts more than 15,000 new memberships

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, announced on Monday that a total of 15,366 new member companies registered with it in Q1 2023. This represents a record growth of 48.7 per cent compared to the same period last year.

Abdul Aziz Al Ghurair, Chairman of Dubai Chambers, commented: “Our primary focus at Dubai Chambers is to achieve the strategic priorities we have set as part of our strategy for the 2022-2024 period. Shaping the future requires concerted efforts and a unified vision to achieve the goals needed for the stages ahead.”

The total value of exports and re-exports reported by members reached Dh71.7 billion during Q1 2023, around 17.3 per cent higher than the Dh61.1 billion recorded in Q1 2022. This growth reflects the chamber’s continuous efforts to support its members and their commercial activities in markets across the globe through its network of international offices, full calendar of events, and economic studies on business opportunities.

The chamber issued 182,266 Certificates of Origin during the first quarter of 2023, achieving annual growth of around 2 per cent compared with the same period last year. In addition, 1,527 ATA Carnets worth Dh1.1 billion were issued and received in Q1 2023.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated: “Dubai Chambers remains committed to supporting the private sector and enhancing its competitiveness to achieve our wise leadership’s vision and strengthen partnerships between the public and private sectors.”

The first quarter of the year also saw Dubai Chamber of Commerce achieve its goal of establishing more than 100 business groups representing various sectors and economic activities in the emirate. The groups seek to enhance the private sector’s contribution towards drafting policies and legislation related to the local business environment. Currently, there are a total of 105 business groups, reflecting a high level of private sector representation, the agility of the emirate’s economy, and the notable role the private sector plays in supporting sustainable growth.

Dubai Chamber of Commerce works to support business activities in Dubai. The chamber plays a crucial role in representing, supporting, and protecting the interests of businesses in Dubai, while exploring new ways to meet the evolving needs of the emirate’s dynamic and fast-growing business community.