70,000 new companies join Dubai Chamber of Commerce in 2024 bringing total number of members to more than 258,000

Dubai Chamber of Commerce, 1 of the 3 chambers operating nether the umbrella of Dubai Chambers, has shared details of respective important milestones achieved during 2024. By the extremity of past year, the full fig of progressive members reached 258,318, reflecting yearly maturation of 18% compared to 2023.

A full of 70,500 caller companies joined the chamber’s rank by the extremity of the year, representing maturation of 3% compared to 2023. This highlights Dubai’s increasing value arsenic a destination of prime among businesses and investors.

The worth of exports and re-exports by enclosure members exceeded AED 300 cardinal for the archetypal clip since the chamber's establishment, achieving yearly maturation of 9.2% to scope AED 309.6 billion.

During the aforesaid period, the enclosure issued 791,115 Certificates of Origin, reflecting yearly maturation of 8%. The enclosure besides issued and received 5,357 ATA Carnets for goods and commodities with a full worth of AED 4.3 billion.

His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “Guided by the imaginativeness of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai is continuing to consolidate its presumption arsenic a salient planetary concern hub and an perfect level for maturation and enlargement crossed each sectors. The emirate is consistently enhancing its integrated, business-friendly environment.”

His Excellency added: “Building connected the beardown concern betwixt the nationalist and backstage sectors, the enclosure is continuing to play a pivotal relation successful supporting economical growth, advancing the interests of the concern community, and creating promising opportunities for Dubai-based companies and investors successful section and planetary markets.”

Supporting the Business Community

Throughout the year, Dubai Chamber of Commerce collaborated with Business Groups to reappraisal 107 laws and draught laws, with the resulting recommendations achieving an adoption complaint of 58%. The enclosure held 177 meetings with Business Groups and Councils, including Annual General Meetings, and coordinated 27 meetings betwixt Business Groups and Councils and applicable authorities entities.

The enclosure besides established 9 caller Business Councils successful 2024 representing investors from Greece, Poland, Mexico, Colombia, Kazakhstan, Georgia, Costa Rica, South Korea, and Vietnam.

Dubai Chamber of Commerce handled 171 mediation cases during 2024, representing an summation of 21.3% implicit the 141 cases received during the erstwhile year. 88% of mediation cases received past twelvemonth were successfully settled.

Enhancing Legal Awareness

Dubai Chamber of Commerce organised 38 ineligible consciousness workshops during 2024, which were attended by 2,698 representatives from backstage assemblage companies operating crossed divers sectors. These sessions aimed to guarantee the compliance of companies with laws and regulations governing each areas of concern and heighten their quality to follow champion practices.

Dubai Centre for Family Businesses

The Dubai Centre for Family Businesses, which operates nether the umbrella of Dubai Chambers, conducted 4 grooming programs past twelvemonth with 90 participants. The centre besides organised 5 sessions arsenic portion of its Governance Series, attracting 226 participants, and issued 4 informative toolkits covering a scope of household business-related topics. In addition, the archetypal cohort of participants graduated from the inaugural rhythm of the Dubai Family Business Management Programme.

Building a Sustainable Future

To heighten firm sustainability, Dubai Chamber of Commerce launched a caller ESG (Environmental, Social, and Governance) statement past twelvemonth aimed astatine elevating firm sustainability standards. Developed by the chamber’s Centre for Responsible Business, the statement helps companies measure their readiness and maturity successful adopting ESG standards and recognises their achievements, contributing to sustainable growth. A full of 27 companies were awarded the ESG statement during 2024.

The chamber's 2024 Sustainability Week, organised by the Centre for Responsible Business, attracted 526 participants from the concern community. The inaugural features a bid of sessions focusing connected the contributions of digitalisation and artificial quality to the improvement of sustainable concern practices.

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