Dubai International Chamber successfully attracts 39 multinational companies to the emirate during Q1-Q3 2024

Dubai International Chamber, 1 of the 3 chambers operating nether Dubai Chambers, has announced details of its achievements during the archetypal 9 months of 2024, which see supporting the enlargement of section companies into promising planetary markets and attracting overseas nonstop concern to the emirate. The enclosure is continuing to play a cardinal relation successful contributing to the objectives of the Dubai Economic Agenda (D33).

Dubai International Chamber attracted a full of 157 companies to the emirate betwixt Q1-Q3 2024, including multinational corporations (MNCs) and tiny and medium-sized enterprises (SMEs). This marks a 68.8% summation implicit the 93 companies attracted during the aforesaid play past year, underlining Dubai’s value arsenic a starring concern hub connected the planetary stage.

The companies attracted during the archetypal 9 months of this twelvemonth included 39 MNCs, which accrued from 18 successful Q1-Q3 2023, representing year-over-year (YoY) maturation of 117%. A full of 118 SMEs were attracted to Dubai successful Q1-Q3 2024, an summation of 57% compared to the 75 that were attracted during the archetypal 9 months of 2023.

Through its planetary offices and divers programmes and initiatives, Dubai International Chamber successfully supported the enlargement of 75 section companies into caller planetary markets during Q1-Q3 2024. This represents a 241% YoY summation compared to the 22 companies supported during the aforesaid play past year. The enclosure assisted these companies with expanding planetary exports oregon establishing a carnal beingness wrong their people markets.

Sultan Ahmed bin Sulayem, Chairman of Dubai International Chamber, said: “These outstanding results bespeak Dubai International Chamber's tireless committedness to promoting Dubai’s competitory advantages successful enactment of the objectives of the Dubai Economic Agenda (D33). We proceed to presumption the emirate arsenic a apical destination for overseas nonstop concern and a planetary superior for accidental and growth.”

Bin Sulayem added: “The chamber's web of planetary offices showcases the lucrative opportunities Dubai offers to the planetary concern assemblage and assists companies successful leveraging the emirate’s competitory advantages arsenic a gateway to entree promising markets. Our offices besides play a captious relation successful helping Dubai-based companies to grow into planetary markets.”

During the archetypal 9 months of this year, the enclosure organised 2 commercialized missions to Southeast Asia and West Africa arsenic portion of the 'New Horizons’ initiative, which enables Dubai-based companies to articulation commercialized missions to cautiously selected planetary markets. More than 830 bilateral concern meetings were organised betwixt participating companies from Dubai and their counterparts successful these markets to research concern opportunities and associated economical partnerships.

As portion of the Southeast Asia commercialized mission, 200 bilateral concern meetings were organised for Dubai-based companies with their counterparts successful Indonesia during the archetypal limb of the mission. The enclosure successfully arranged 180 meetings betwixt companies from Dubai and Vietnam during the 2nd limb of the mission.

The commercialized ngo to Africa included visits to Senegal and Morocco, with much than 150 concern meetings organised betwixt companies from Dubai and their counterparts successful the Senegalese capital, Dakar. Dubai International Chamber besides signed a Memorandum of Understanding (MoU) with the Dakar Chamber of Commerce, Industry and Agriculture aimed astatine strengthening bilateral cooperation.

During the sojourn to Morocco, much than 300 meetings were organised successful Casablanca betwixt the Dubai delegation and Moroccan companies to research opportunities for concern improvement and economical partnerships. Dubai Chambers besides signed 4 MoUs to fortify practice with the Moroccan Agency for Investment and Export Development; the General Confederation of Moroccan Enterprises; the Chamber of Commerce, Industry and Services of Casablanca-Settat; and the Chamber of Commerce, Industry and Services of Rabat-Salé-Kenitra.

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